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RoDTEP Scheme Backlash: European Union and USA impose CVDs on Indian Products

In a retaliatory move against India's Remission of Duties and Taxes on Export Products (RoDTEP) scheme introduced in January 2021, the United States and the European Union have now implemented...

RoDTEP Scheme Backlash - European Union and USA impose CVDs Indian Products - TAXSCAN
Manu Sharma

Central Govt grants Income Tax Exemption to Boost Dairy Cooperative Societies

In a significant move aimed at supporting the dairy sector, the Government has introduced a series of measures granting income tax exemptions and reductions for Cooperative Societies under the Income...

Central Govt grants Income Tax Exemption to Boost Dairy Cooperative Societies
Manu Sharma

Lok Sabha Passes Finance Bill, 2024 on 7th February

The Lok Sabha passed the Finance Bill 2024 on 7th February 2024. The Interim-Budget 2024 was presented by the Union Finance Minister Nirmala Sitharaman on 1st February 2024. No tax changes were...

Lok Sabha - Lok Sabha Passes Finance Bill - Finance Bill 2024 - Interim Budget - Interim Budget 2024 - Nirmala Sitharaman - TAXSCAN
Navasree A.M

Property Seized by ED Must be Returned if PMLA Investigation Exceeds 365 Days: Delhi HC [Read Order]

In a recent decision, the Delhi High Court observed that the property seized by the Enforcement Directorate ( ED ) must be returned if the investigation conducted under the Prevention of Money...

Delhi High Court - ED - Property Seized by ED - PMLA - PMLA Investigation - Enforcement Directorate - TAXSCAN
Kalyani B. Nair

MCA waives additional fees and extends last date for filing of LLP BEN-2 and Form 4D up to May 15, 2024

The Ministry of Corporate Affairs ( MCA ) has relaxed additional fees and extended the last date of filing for Form LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008. ...

MCA - Ministry of Corporate Affairs - LLP filing - Additional fees waiver - LLP BEN 2 - LLP Form 4D - TAXSCAN
Manu Sharma

DRI seizes Areca Nuts concealed in Drums as 'BASE OIL' in Smuggling attempt

The Directorate of Revenue Intelligence ( DRI ) has seized 83.352 metric tons of Areca nuts valued at Rs. 5.71 Crore. The contraband, concealed under the guise of 'BASE OIL' in import documents, was...

DRI seizes - Areca Nuts - Drums - BASE OIL - Smuggling attempt - taxscan
Navasree A.M

Finance Standing Committee suggests Review on Design of IBC

The Standing Committee on Finance has called for a review of the design of the Insolvency and Bankruptcy Code ( IBC ), which was enacted in May 2016. The Parliamentary Panel said in an action taken...

Finance Standing Committee - Design of IBC - taxscan
Yogitha S. Yogesh

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