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Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt.
Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt. Chapter 1 Overview of Centralized Processing Center 1.1. Central Board of Direct Taxes (CBDT) has approved a Scheme for processing of returns of income ‘Centralised Processing of Returns Scheme, 2011’, in the exercise of the powers conferred by sub-section
CBIC Introduces “Flagship Liberalised Authorised Economic Operator Package” For MSMEs
CBIC Introduces “Flagship Liberalised Authorised Economic Operator Package” For MSMEs Recognizing their critical contribution in supporting the economy especially during the present difficult times of the COVID-19 pandemic, the Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its
Norms on eligibility, empanelment, and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards: RBI
Norms on eligibility, empanelment, and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards: RBI Introduction: Policy finalized by RBI 2 major changes done as below rest point same 1.A. Norms for selection of branches of Public Sector Banks
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found
Tax on Presumptive Profit of Business & Profession
Tax on Presumptive Profit of Business & Profession “An option has been given to a certain category of an assessee carrying on business or profession to pay income tax on presumptive income” I. Preamble: This is an old provision and bye and large all tax-payers
Delhi HC in the case of Pacific Projects Limited Versus Asstt CIT
Case Covered: Pacific Projects Limited Versus Asstt CIT Facts of the Case: The present writ petition has been filed challenging the order dated 29th July 2019 passed by the ITAT dismissing the miscellaneous application filed by the petitioner/assessee under Section 254(2) for recall of the
Resentment Towards FMO’s Approach on Direct-Indirect Taxes & Corporate Affairs: CAAS
Resentment Towards FMO’s Approach on Direct-Indirect Taxes & Corporate Affairs: CAAS To, The Finance Minister, 134, North Block, New Delhi – 110011 Sub: Resentment towards Approach of FMO on Direct-Indirect Taxes & Corporate Affairs Respected Madam, Your good self may be already aware of Chartered
Allahabad HC in the case of Nitin Verma Versus The state of U.P.
Case Covered: Nitin Verma Versus The state of U.P. Facts of the Case: This anticipatory bail application has been filed praying for a grant of anticipatory bail to the applicant with reference to summon/notice dated 30.01.2020 issued by Superintendent (A.E.) C.G.S.T. & Central Excise, Agra
[Justin- Notice by Supreme Court] Gujarat High Court Ocean Freight Matters allowing the petitions and pronouncing levy to be ultra vires.
Latest Update: UPON hearing the counsel the Court made the following ORDER The Supreme court has issued a notice in this case. We have heard Mr. N Venkatraman and Mr. K M Nataraj, learned Additional Solicitor Generals, appearing on behalf of the petitioners, and Mr.
CA Shafaly GirdharwalSOP For the conduct of Search & Seizure under Section 67(2) of APGST Act, 2017
Standard Operating Procedure (SOP) [ For the conduct of Search & Seizure under Section 67(2) of APGST Act, 2017 ] 1) Introduction:- The search of a place and seizure of goods/documents/books/things is conducted in terms of Section 67(2) of the APGST Act, 2017. The search
Supreme Court in the case of Rajeev Suri Versus Delhi Development Authority
Case Covered: Rajeev Suri Versus Delhi Development Authority Facts of the Case: By these petition(s)/appeal(s)/case(s), we are called upon by the petitioners to undertake a comprehensive and heightened judicial scrutiny regarding the permissibility of the Central Vista Project1 of the Government of India. Diverse issues
Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20: EPFO
To, All Regional Provident Fund Commissioners, Officers-in-charge, Regional Offices. Sub: Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20 -Regarding. Sir, The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government