Ceiling for Tax-Free Gratuity Increased [Read Notification]
The Central Government, on Thursday, notified the tax-free gratuity has been raised from Rs. Ten lakhs to Rs. Twenty lakhs for private sector employees by following the changes in gratuity Act though the government could
GST: Govt sets Up Grievance Redressal System for Taxpayers
Following the orders of Bombay and Allahabad High Courts criticizing the Government for poor IT infrastructure for Goods and Services Tax Network (GSTN), the Government has decided to set up a new mechanism for grievance
GST Council to Review Rules to simplify Return filing Process, says FM
Union Finance Minister Mr.Arun Jaitley declared in his recent press meets that the Federal Indirect Tax body Goods and Service Tax (GST) council is all set to redecorate return filing process and the main agenda
Law Researcher Vacancy in Punjab State Legal Services Authority
The Punjab State Legal Services Authority has invited application for the post of Law Researcher. The Legal Services Authorities Act 1987″ has come into force on 09.11.1995 to provide free and competent legal services to
Property-Holders who have never filed Income Tax Returns are under Scanner
In a significant move to crackdown black money, the Income Tax department is planning to pursue those property-holders who have never filed income tax returns. The department suspects that these may be benami holdings on
ICAI releases Guidance Note on Division II- Ind AS Schedule III to the Companies Act 2013
The Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India (ICAI) has released a Guidance Note on Division II- Ind AS Schedule III to the Companies Act 2013. The Companies
NEBULA Watch is more a Jewellery than a Watch: Gujarat HC grants relief in VAT to Titan Industries [Read Judgment]
The division bench of Gujarat High Court held that, Titan’s Nebula Watch is more a Jewellery than a Watch for the purpose of levying Value Added Tax, Which is come under the Entry 13(ii) of
Economic Survey suggests Universal Basic Income (UBI) Scheme to replace all Subsidies
The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an
TDS provisions are not applicable in cases where payee is not identifiable: ITAT Delhi [Read Order]
In Apollo Tyres Ltd v. DCIT, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) observed that the provisions relating to Income Tax Act are not applicable in cases where the payee/ beneficiary is
No Exemption to ‘Tea’ under the Assam Industries (Sales Tax Concessions) Act: Supreme Court [Read Judgment]
Supreme Court confirms Denial of Exemption to Tea under the Assam industries (Sales Tax Concessions) Act. While confirming the denial of sales tax exemption to “tea” under the provisions of the Assam industries (Sales Tax
Ensure Indian firms not subjected to double taxation; ASSOCHAM to CBDT
In the backdrop of the government fine-tuning tax regime with the countries which have the Double Taxation Avoidance Agreement (DTAA) with India, the ASSOCHAM has made a presentation to the Central Board of Direct Taxes
ITAT Weekly Round Up
This Round-Up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during  September 10 to September 15, 2023. Deduction Allowable on Warranty expenses of motor vehicles ascertained based
Synopsis of Adjudication Orders under the Companies Act, 2013
Role of Registrar of Companies The Registrars of Companies (ROC) are appointed under Section 609 of the Companies Act 2013, for each State/Union Territory. They have a primary duty of registering companies and LLPs floated
CESTAT Annual Digest (Part-12)
This yearly digest analyzes all the CESTAT stories published in the year 2023 at taxscan.in CESTAT confirms Valuation of Adjudicating Authority in Finalisation of Provisional Assessment using CAS-4 principle, Sets aside Re- adjudication: M/s ITC
Service Tax Demand Under CGST Act: Kerala HC dismisses Writ Petition as Assessee Fails to Prefer Appeal within Prescribed limitation period [Read Order]
The Kerala High Court dismissed the writ petition as the assessee failed to appeal within the prescribed limitation period against the service tax demand under the Central Goods and Service Tax (CGST)Act, 1961. Mithlaj P,