The Maharashtra Authority of Advance Ruling has ruled that, Goods and Services Tax ( GST ) is not applicable on Reimbursement of Salary on behalf of Foreign Entity. The applicant DRS Marine Services Private Limited

Perquisites, also known as perks or fringe benefits, are additional benefits or advantages that an employee receives from their employer in addition to their salary or wages. Examples of perquisites include company cars, housing, stock

The Ahmedabad bench of the ITAT, in Smt.Kantaben Ramjibhai Chaudhari versus ITO, Ward-2, disallowed a fake claim for income tax deduction of salary paid to Husband and daughter. In the instant case, the Assessee was

The Institute of Cost Accountants of India (ICMAI) has congratulated all the candidates who placed in diverse companies. The placement success was announced by the institute through ‘X’ (formerly twitter). The tweets says: “CMA Dr.

With a few months left for the filing income tax return, the Central Board of Direct Taxes (CBDT) issued circular on tax deduction at Source applicable to Salaried class for the year 2017-18. The present

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has deleted an addition by the National Faceless Assessment Centre ( NFAC ) by holding that the “Company” cannot have salary income under the provisions

The Maharashtra Authority of Advance Ruling (AAR) ruled that no GST payable on reimbursement of expenses such as salaries, rent, training, staff welfare expenses by Maha Mumbai Metro. The Applicant,  Maha Mumbai Metro (M3) Operation

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench ruled that the disallowance made without pointing out excessive salary was not sustainable. The assessee, M/s Manav Mangal Society is registered as Society under the Society Registration

The Telangana Authority of Advance Ruling (AAR) ruled that GST is exigible on EPF, ESI, Salary, or Wages reimbursed by Hospital. The applicant, Bhagyalakhsmi Devamma Vangimallu whose trade name is M/s. Versatile Resource Solutions has

The West Bengal Authority of Advance Ruling (AAR) ruled that payment of salary/wages by suppliers cannot be excluded from the value of supply for the purpose of Valuation under GST. The applicant, Prodip Nandi is

In a major relief to the Bank Customers, the Reserve Bank of India (RBI) has issued fresh guidelines and changed the rules of the National Automated Clearing House (NACH). From August 1, the bank customers

Income tax is a form of taxation in which the tax is collected on the basis of the income generated from a business. Tax Deducted at Source ( TDS ) is one of the modes

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), recently held that Recovery of salary from the employee, not revenue hence not come under the provisions of service tax. The ruling

The Central Board of Indirect Taxes & Customs (CBIC) today clarified that salaries are not subject to GST and no GST has been demanded on salaries paid to CEOs or employees. The CBIC said that

The salary paid to the employees of the University would not be subject to Tax Deduction at Source ( TDS ) as the university can be deemed as a ‘State’, ruled the Income Tax Appellate