Tax Guru28m
धातु स्क्रैप पर GST TDS: अधिसूचना और अनुपालन की समीक्षा
Summary: भारत में GST के तहत धातु स्क्रैप पर TDS लागू करने के लिए हाल ही में अधिसूचना संख्या 25/2024 जारी की गई है, जो 10 अक्टूबर, 2024 से प्रभावी है। यह कदम धारा 51 में संशोधन कर धातु स्क्रैप के व्या ...
Tax Guru40m
जीएसटी नियम 86B की व्याख्या: करदाताओं पर प्रभाव
यह नियम 86B मुख्य रूप से बड़े करदाताओं को लक्षित करता है , तथा सूक्ष्म और लघु व्यवसायों को इससे अप्रभावित रखता है। यह नियम बड़े व्यवसाय /उद्योग द्वारा इनपुट टैक्स क्रेडिट (ITC )के दुरुपयोग को सीमित ...
Tax Guru42m
Look back period extension beyond 2 years for related party transaction u/s. 43 not allowed
NCLAT Delhi held that extension of look back period beyond 2 years for related party transactions under section 43 of the ...
Tax Guru45m
Authorization Process for Payment Systems in an IFSC
1. In exercise of its powers under sub-regulation 2 of regulation 4 of the IFSCA (Payment and Settlement Systems) Regulations, 2024, the Authority hereby specifies the format and manner for applying ...
Tax Guru1h
Section 129(1)(b) of GST Act not invocable when consignor claims himself to be owner of goods
20. On perusal of the aforesaid judgements, it is clear that when consignor with the tax invoice and e-way bill claim himself ...
Tax Guru1h
Interest on delayed payment of custom duty deductible u/s. 37: ITAT Bangalore
ITAT Bangalore held that interest due to delayed payment of custom duty is deductible u/s 37 of the Act as it is an accretion to the main payment and not a penalty and accordingly allowable as ...
Tax Guru1h
Prescribed income-tax authority for issuance of notice u/s. 143(2) includes ACIT/ DCIT: Delhi HC
The prescribed authority under sub-section (2) of section 143 shall be an income-tax authority not below the rank of an ...
Tax Guru1h
Addition merely on the basis of statement without corroborating material unsustainable: ITAT Delhi
ITAT Delhi held that addition under section 69A r.w.s. cannot be sustained merely on the basis of the statement. There has to be some material corroborating the content of the statements. Accordingly, ...
Tax Guru1h
View taken by AO cannot be set aside or deferred as per provisions of section 263: ITAT Ahmedabad
ITAT Ahmedabad held that invocation of revisionary proceedings under section 263 of the Income Tax Act merely taking second opinion unjustified. Further, view taken by AO cannot be set aside or ...
Tax Guru1h
Expense incurred by holding company on behalf of subsidiary company cannot be treated as deemed dividend
ITAT Delhi held that expense incurred by holding company on behalf of subsidiary company which is not in the nature of loan cannot be treated as deemed dividend u/s. 2 (22) (e) of the Income Tax Act.
Tax Guru2h
Non-Levy of Customs Duty on the import of Simply Sawn Diamonds
Dated: 23rd October, 2024 under Section 28A of Customs Act, 1962 for Non-Levy of Customs Duty on the import of Simply Sawn Diamonds. The ...
Tax Guru2h
Guidelines for ETA Issuance of Wireless Equipment Devices
2.1 Vide above OM, it is conveyed that all the applications of Equipment Type Approval (ETA) for wireless equipment devices, ...