The Central Board of Direct Taxes and Customs ( CBDT ) has issued clarification on the Tax Deduction at Source ( TDS ) from Salaries during FY 2020-21 under Section 192 of the Income Tax

The RTGS system will soon made 24/7 in the next few days to reduce settlement and default risk in the system, by facilitating settlement of AEPS, IMPS, NETC, NFS, RuPay, UPI transactions on all days

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that losses incurred by eligible units under Section 10B can not be set off against income of other units. The assessee, KEI Industries Ltd. preferred the

The Income Tax Appellate Tribunal (ITAT), Pune Bench allowed the claim of deduction under section 80IC of the Income Tax Act in respect of sale of scrap. The Assessee, M/s. Finolex Cables Limited is a

The Allahabad High Court held that the service of the order on truck drivers can not be a valid service as by no stretch of the imagination the truck driver can be termed as representative

In the case of Skill Lotto Solutions Vs Union of India[1], the Hon’ble Apex Court has upheld the levy of GST on lottery tickets and probably this is the first judgment from the Hon’ble Supreme

Indian Institute of Corporate Affairs has invited applications for the posts of Project Assistant, Research Associate, Technical Assistant. The Indian Institute of Corporate Affairs is a subordinate office under the aegis of Ministry of Corporate

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that interest paid on borrowed funds used for business purposes cannot be disallowed. The company, M/s. Chinsha Property Pvt. Ltd. was engaged in the business of

The Orissa High Court rejected the bail plea for the third time to Bengali film producer Srikant Mohhta, who was arrested by CBI in January 2019 for his alleged complicity in a chit fund scam

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that Mitsui India not a Dependent Agent Permanent Establishment  (DAPE) of Mitsui, Japan. The assessee-company, M/s. Mitsui & Co. Ltd. is incorporated in Japan and

The Invesco has invited applications for the post of Compliance Analyst. Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, United States, and has branch offices in 20 countries. 

The Patiala House Court refused to grant bail to a person accused of fraudulently availing Input Tax Credit (ITC). The applicant, Rakesh Kumar Goel who  is the director of the various companies and the companies

The Ministry of Corporate Affairs (MCA) notified relaxation of additional fees and extension of the last date of filing of CRA-4 (form for filing of cost audit report) for Financial Year 2019-20 under the Companies

In the past few years, there have been several discussions along the lines of regulation of gambling laws in India. While some people support a complete prohibition of the activity, others advocate stringent rules in

Accenture has invited applications for the post of Country Controller Analyst. Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital