Income received in Excess of Face Value of Shares u/s 56 of Income Tax Act is Taxable: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, Income received in Excess of Face Value of Shares under Section 56 of...
![CESTAT remands matter back to Original Adjudicating Authority to ascertain if VAT or Sales Tax has been paid for all Contracts under Category of Works Contract [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/CESTAT-VAT-Sales-tax-contracts-works-contract-TAXSCAN.jpeg "CESTAT remands matter back to Original Adjudicating Authority to ascertain if VAT or Sales Tax has been paid for all Contracts under Category of Works Contract [Read Order]")
![Govt. notifies Valuation of Tobacco and Tobacco products for purposes of payment of BCD, NCCD [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/02/Valuation-of-Tobacco-Tobacco-Products-Basic-Customs-Duty-Taxscan.jpg "Govt. notifies Valuation of Tobacco and Tobacco products for purposes of payment of BCD, NCCD [Read Circular]")
Budget 2022: Any Surcharge/Cess shall be treated as Tax, Business Expenditure shall not be allowed w.e.f 1st April 2005 [Read Finance Bill]
The Union Budget 2022 has clarified the treatment of surcharge and cess and stated that the same shall be treated as tax and therefore, no deduction shall be allowed as business expenditures. While...
CBDT notifies West Bengal Electricity Regulatory Commission eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified West Bengal Electricity Regulatory Commission eligible for Section 10(46) Income Tax Exemption. The Board empowered under clause (46) of...
SEBI notifies New Provisions related to Special Situation Funds under SEBI (Alternative Investment Funds) Regulations, 2012 [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified the new Provisions related to Special Situation Funds under SEBI (Alternative Investment Funds) Regulations, 2012. In exercise of the...
![SEBI notifies New Provisions related to Special Situation Funds under SEBI (Alternative Investment Funds) Regulations, 2012 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/SEBI-Taxscan.jpeg "SEBI notifies New Provisions related to Special Situation Funds under SEBI (Alternative Investment Funds) Regulations, 2012 [Read Notification]")
SEBI grants recognition to AMC Repo Clearing under Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations [Read Notification]
The Securities and Exchange Board of India (SEBI) has granted the recognition to AMC Repo Clearing under Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations. ...
![SEBI grants recognition to AMC Repo Clearing under Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/SEBI-AMC-Repo-Taxscan.jpg "SEBI grants recognition to AMC Repo Clearing under Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations [Read Notification]")
SEBI notifies Amendment on filling up of posts from Internal candidates by Deputation or Contract [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified the amendment in respect of filling up of posts from internal candidates by deputation or contract. The Board has notified the...
