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CBDT asks to remit TDS on Rent Over 50,000 per Month

The Central Board of Direct Taxes ( CBDT ) asked the taxpayers to remit Tax Deducted at Source (TDS) at five percent while paying House Rent above Rs. 50,000. It is mandatory for an individual or...

CBDT asks to remit TDS on Rent Over 50,000 per Month
Taxscan Team

GST Dept attaches Bank Accounts of Actor Mahesh Babu

The GST Commissionerate, Hyderabad on Thursday attached two bank accounts of actor Mahesh Babu on account of non-payment of service tax for the year 2007-08. In a press note issued by the department,...

GST Dept attaches Bank Accounts of Actor Mahesh Babu
Taxscan Team

Top 30 Income Tax Judgments in 2018

The year 2018 has been a very significant one to the taxation regime due to some important reforms in the laws and procedures. The contribution of the judiciary including the Supreme Court and various...

Top 30 Income Tax Judgments in 2018
Taxscan Team

Directors’ Disqualification: Gujarat HC quashes list published by MCA [Read Judgment]

The Gujarat High Court has quashed a list of disqualified directors published by Ministry of Corporate Affairs ( MCA ). Justice Bela M. Trivedi held that Section 164(2) of the Companies Act is...

Directors’ Disqualification: Gujarat HC quashes list published by MCA [Read Judgment]
Taxscan Team

NAA imposes Rs. 223 crores Penalty on HUL for GST Profiteering [Read Order]

The National Anti-profiteering Authority ( NAA ) has imposed a penalty of Rs. 233 crore on the Hindustan Unilever Ltd (HUL) for not passing GST rate cut benefit to the consumers after the large-scale...

NAA imposes Rs. 223 crores Penalty on HUL for GST Profiteering [Read Order]
Taxscan Team

ICAI defers Mandatory Use of UDIN to February

The Institute of Chartered Accountants of India ( ICAI ) has postponed the mandatory use of the UDIN by the Chartered Accountants from 1st February 2019. Earlier, the ICAI has said that UDIN by the...

ICAI defers Mandatory Use of UDIN to February
Taxscan Team

NAA drops Anti-Profiteering Charges against Panasonic India [Read Order]

The National Anti-Profiteering Authority held that the allegation of profiteering against Panasonic is not sustainable. A Report by the Director-General Anti-Profiteering, Central Board of Indirect...

NAA drops Anti-Profiteering Charges against Panasonic India [Read Order]
Taxscan Team

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