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Income Tax Raids Reveal Hidden Businesses in Educational Groups across Tamil Nadu and Puducherry; Uncovers unaccounted Fee Receipts of More than Rs. 400 crore

Navasree A.M

On October 5, 2023, the Income Tax Department initiated a comprehensive search and seizure operation targeting two distinct groups, primarily...

Fee paid to holding company for advisory service during course of business is allowable as deduction...

Failure to complete CIRP in Time Bound Manner: NCLAT approves Reduced Fee payable to RP

Fee for providing Supervisory Service for manufacturing of linear polyethylene under Composite...

Fee for a CA - Fee - ITR - Twitter - statement goes Viral in Twitter - Fee for a CA to file ITR - taxscan

'Rs. 5000 Fee for a CA to file ITR is too much' statement goes Viral in Twitter; Let's check the...

Fee u/s 234E of Income Tax Act is Leviable Only for Default Committed after June 1st 2015: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in appeals filed before it, held that fee under Section 234E of the Income Tax Act is leviable, only for defaults committed after...

Relief to SEBI: Bombay HC Upholds CESTAT Order deleting Service Tax Levy on Fee Collected from Entities [Read Order]

The Bombay High Court upheld the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Order deleting Service Tax Levy on Fee Collected from Entities, thereby granting relief to The Securities...

GST at 18% Applicable on Fee and Other Charges, SEBI clarifies [Read Circular]

The Securities Exchange Board of India (SEBI) has clarified that 18% GST is applicable on the fees and other charges payable to the Board. This in the light of the decision of the GST Council in...

Late Fee can’t be imposed If TDS Statement filed within Due Date with Technical Errors: ITAT

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that late fee under section 234E of the Income Tax Act, 1961 cannot be levied if the statement has been filed within the due date,...

Redemption Fee can’t be imposed for ADD Escaped Assessment: CESTAT [Read Order]

The Chennai bench of the CESTAT has held that redemption fee cannot be imposed for the escaped assessment of Anti-Dumping Duty. M/s. LSML Private Ltd are manufacturers of wind turbines, imported...

ICSI to issue Guidance on Scale of Fee for Professional Services

In a significant move, the Council of the ICSI at its meeting held on 9th January 2020 has decided to issue Guidance on Scale of Fee for Professional Services. To harmonize the diverse practices...

IBBI Suspends Insolvency Professional for One Year for Charging Exorbitant Fee [Read Order]

The Insolvency and Bankruptcy Board of India ( IBBI ) has suspended an Insolvency Professional for one year on ground of charging exorbitant fee from an operational creditor for her services as...