![Govt slashes IGST on Import of Oxygen Concentrators for personal use: 12% Tax Rate applicable till July End [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/IGST-Import-of-Oxygen-Concentrators-Tax-Rate-Taxscan.jpg "Govt slashes IGST on Import of Oxygen Concentrators for personal use: 12% Tax Rate applicable till July End [Read Notification]")
Govt slashes IGST on Import of Oxygen Concentrators for personal use: 12% Tax Rate applicable till July End [Read Notification]
The Central Government, with an aim to ensure oxygen availability in the country during the COVID-19 pandemic, has slashed the rate of Integrated...
![CBIC extends GST Return Due Dates, Waives Late fee for GSTR-3B [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBIC-GST-Returns-GST-Late-Fee-GSTR-3B-GST-Return-Due-Dates-Taxscan.jpg "CBIC extends GST Return Due Dates, Waives Late fee for GSTR-3B [Read Notification]")
![Each and Every disallowance/addition made in Quantum does not ipso facto attract Penalty provision: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-ITAT-Quantum-Taxscan.jpg "Each and Every disallowance/addition made in Quantum does not ipso facto attract Penalty provision: ITAT deletes Penalty [Read Order]")
![Business Promotion Expenses incurred exclusively for the purpose of business can’t be Disallowed: ITAT remits the matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Business-Promotion-Expenses-ITAT-AO-Taxscan.jpg "Business Promotion Expenses incurred exclusively for the purpose of business can’t be Disallowed: ITAT remits the matter to AO [Read Order]")
TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to AO ruled that the TDS not applicable on seconded employees if the same is deducted by holding Company. The...
![TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/TDS-Company-ITAT-AO-Taxscan.jpg "TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]")
![Relief for Air India: No TDS on Rental of Aircraft Engine as per DTAA, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Air-India-DTAA-Technical-Services-Fee-ancillary-and-subsidiary-service-rental-of-ships-aircraft-ITAT-Taxscan.jpg "Relief for Air India: No TDS on Rental of Aircraft Engine as per DTAA, says ITAT [Read Order]")
Accounting Standards issued by ICAI are applicable to Non-Company entities to whom Ind AS are not applicable, says ICAI President
The ICAI President CA Nihar Jambusaria said that, Accounting Standards issued by the Institute of Chartered Accountants of India ( ICAI ) are applicable to Non-company entities to whom Ind AS are not...
Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while granting the relief to PwC deleted disallowance of loss arising from foreign exchange fluctuation in respect of Foreign Currency Hedging...
![Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/PwC-ITAT-Foreign-Exchange-Fluctuation-Foreign-Currency-Hedging-Contracts-Taxscan.jpg "Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]")
![CBDT extends deadline for various Income Tax Compliances due to COVID-19 Pandemic [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-extends-deadline-Income-Tax-Compliances-COVID-19-Pandemic-taxscan.jpeg "CBDT extends deadline for various Income Tax Compliances due to COVID-19 Pandemic [Read Circular]")