CA Vacancy in HP
The HP invited applications for the post Accounting & Audit Services COE Director. Qualification First level university degree with a focus in business or economics; advanced degree and/or accounting certification (e.g., CA, CPA) strongly preferred
CA, MBA Vacancy in HP
The HP invited applications for the post Senior Business Consultant (Finance)_Leasing Domain. Qualification First level university degree with a focus in business/advanced degree or accounting certification (e.g., CA/CPA/MBA) strongly preferred. Typically 10+ years of experience
CA, MBA Vacancy in JPMorgan Chase & Co
The JPMorgan Chase & Co invited applications for the post Financial Analysis - Associate. Qualification Minimum of CA or an MBA in Finance is required with 4 to 7 years of Finance experience, preferably in
Excise Registration can be Allowed If Either Party Is Manufacturer and Under Take Excise Duty Liability: CESTAT [Read Order]
In a recent case, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that Excise registration can be allowed if either party is a manufacturer and undertakes Excise duty
CESTAT Sets aside Service Tax Demand under BAS as OLSP providing service not as an Agent of Assessee [Read Order]
The Kolkata bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) set aside the demand of service tax as Overseas Logistics Service Providers ( OLSPs ) are not providing service as
ITAT Deletes disallowance of payment  made on account of Forward Contract Loss incurred towards hedging Foreign Exchange Fluctuation Loss on FCNRB Loan Account [Read Order]
The  Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowance of payment  made on account of the  Forward Contract Loss incurred towards hedging  Foreign Exchange Fluctuation Loss on the  FCNRB Loan Account. The
No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance shall be made on interest expense claimed in respect of ST RRB Credit Refinance Fund of National Bank for Agriculture &
Restriction on Disbursements of Loans in Cash: RBI directs NBFCs to Limit Loan Amount to Rs. 20,000
The Reserve Bank of India ( RBI ), India's central bank, is taking a stricter stance on cash transactions involving Non-Banking Financial Companies (NBFCs). In a recent move, the RBI reportedly directed NBFCs to strictly
Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]
A Division bench of the Bombay High Court has held that reopening of Income Tax assessment on the sole basis of change of opinion is invalid when the same is barred by limitation. The petitioner
ITAT upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance of expenditure incurred out of interest income pertaining to various funds held by the National Bank for Agriculture & Rural Development ( NABARD
Retrospective Date to Apply for Settlement before Interim Board for Settlement u/s 245C(5) of IT Act shall be  March 31, 2021 for A.Y. 202-21 : Madras HC [Read Order]
In a recent ruling, the Madras High Court observed that the retrospective date to apply for the Settlement before the Interim Board for Settlement under Section 245C(5) of Income Tax Act, 1961 shall be March
ITAT Weekly Round Up
This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 21 to May 4. Submissions on TDS Deduction
CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025 [Read Notification]
The Ministry of Finance, Government of India, has recently issued comprehensive guidelines through the Central Board of Direct Taxes ( CBDT ) for the compulsory selection of returns for complete scrutiny during the Financial Year
Union Finance Minister Administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as First President of GSTAT
The Union Finance Minister Smt. Nirmala Sitharaman administered Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of Goods and Service Tax Appellate Tribunal Appellate Tribunal ( GSTAT ). On September
Centre expected to go for 12% GST on Health Insurance
The central government may propose a reduction in the GST tax rate from 18% to 12% for health insurance premiums up to Rs 30,000, aiming to enhance affordability and attractiveness. A premium of this amount