Clipped from: https://www.taxscan.in/issuance-of-notice-u-s-148-to-unrelated-email-address-is-not-proper-service-of-notice-delhi-hc/208372/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Issuance%20of%20Notice%20u/s By Manu Sharma A.S – On September 29, 2022 6:15 pm A Division Bench of the Delhi High Court has held that, a notice issued under Section
Month: September 2022
https://www.taxscan.in/no-gst-on-renting-of-residential-building-by-proprietor-of-a-registered-proprietorship-firm-delhi-hc/208420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20GST%20on%20Renting
Clipped from: https://www.taxscan.in/no-gst-on-renting-of-residential-building-by-proprietor-of-a-registered-proprietorship-firm-delhi-hc/208420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20GST%20on%20Renting By Rasheela Basheer – On September 30, 2022 10:22 am A division bench of the Delhi High Court has held that GST is not leviable on
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revised return filed not amounts to the non-filing of the return and deny of a lower tax rate under section 115BAA of the Income Tax Act,1961 is not valid-TAXSCAN
Clipped from: https://www.taxscan.in/revised-income-tax-return-filed-not-amount-to-non-filing-of-return-deny-of-lower-tax-rate-u-s-115baa-is-not-valid-itat/207861/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revised%20Income%20Tax%20Return By Yogitha S. Yogesh – On September 28, 2022 10:52 am The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revised return filed not amounts
In Cases of Divergent Views, The One Which is More Beneficial to the Assessee to be Adopted: ITAT
Clipped from: https://www.taxscan.in/in-cases-of-divergent-views-the-one-which-is-more-beneficial-to-the-assessee-to-be-adopted-itat/207597/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=In%20Cases%20of%20Divergent By Gayathri C.H – On September 27, 2022 4:41 pm The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently in an appeal filed before it, held
grid-scale batteries: India mulls $2.5 billion aid to manufacture grid-scale batteries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/india-mulls-2-5-billion-aid-to-manufacture-grid-scale-batteries/articleshow/94479155.cms Synopsis There are early-stage discussions in the government about offering incentives to manufacturers for batteries they produce over a certain time period, power
12 big-ticket IPOs leave investors high & dry as stocks crack 50-65% from highs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/12-big-ticket-ipos-leave-investors-high-dry-as-they-crack-50-65-from-highs/articleshow/94470971.cms Synopsis Among these 41 issues, some 12 IPOs have left a gaping hole in investors’ pockets as they are down between 50-65% from
The dollar is strong. That is good for the US but bad for the world – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/forex-news/the-dollar-is-strong-that-is-good-for-the-us-but-bad-for-the-world/articleshow/94485974.cms Synopsis Those interest rate increases are pumping up the value of the dollar – the go-to currency for much of the world’s trade
Tokenisation of cards: Here’s what it means for customers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/tokenisation-of-cards-heres-what-it-means-for-customers/articleshow/94489766.cms Synopsis Tokenisation aims to replace sensitive payment credentials like 16-digit credit card numbers, names, expiration dates and codes with unique alternatives. It is
Pharma Stocks: 4 pharma stocks with up to 20% upside potential – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/invest/4-pharma-stocks-with-up-to-20-upside-potential/articleshow/94412718.cms SynopsisSoftening raw material costs, NELM price hike and improved valuations play positive roles. The pharma sector has faced multiple headwinds in the last few quarters.
Trader’s Guide: 2 stocks from IT & insurance sector that can offer up to 8% returns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/2-stocks-from-it-insurance-sector-that-can-offer-up-to-8-returns/articleshow/94467701.cms SynopsisNifty IT Index saw itself underperforming the broader markets on relative terms. However, over the past few sessions, this pocket has tried to
Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC
Clipped from: https://www.taxscan.in/income-tax-return-filed-prior-to-death-of-assesse-shall-be-the-basis-of-computing-loss-of-future-income-of-assesse-for-mact-claim-gujarat-hc/205363/ By Gayathri C.H – On September 19, 2022 9:56 am The High Court of Gujarat has, in a recent appeal filed before it by the parents
No Tax Liability on Compensation received towards Interest cost, Insurance cost, cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT
Clipped from: https://www.taxscan.in/no-tax-liability-on-compensation-received-towards-interest-cost-insurance-cost-cost-of-modification-and-validation-of-the-assets-warranty-restating-etc-itat/194439/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Tax%20Liability%20on By Taxscan Team – On September 23, 2022 1:58 pm The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost,
No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A)
Clipped from: https://www.taxscan.in/no-cognitive-evidence-which-proves-change-in-stock-valuation-method-itat-upholds-order-of-cita/206834/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Cognitive%20Evidence By Taxscan Team – On September 23, 2022 6:54 pm The Income Tax Appellate Tribunal (ITAT) Chennai Bench has upheld the order of CIT(A) which deletes
Understanding on TDS under GST
Clipped from: https://taxguru.in/goods-and-service-tax/understanding-tds-gst.html TDS under GST is applicable since 1st October 2018. As per GST Law- Certain categories of registered persons will be require to deduct taxes while
TDS under GST applicable if services not exempt from GST
Clipped from: https://taxguru.in/goods-and-service-tax/tds-gst-applicable-services-exempt-gst.html In re Tukaram Pundalik Borade (GST AAR Maharashtra) The applicant has submitted that the Samaj kalyan Vibhag of the Government of Maharashtra has
Tax Deducted at Source (TDS) | Section 51 | CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/tax-deducted-at-source-tds-section-51-cgst-act-2017.html Tax Deducted at Source Section 51 of CGST Act (1) As per section 51 of the CGST Act Tds will be deducted by the
AAR explains Requirement of TDS under Section 51 of CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/aar-explains-requirement-tds-section-51-cgst-act-2017.html In re Udupi Nirmithi Kendra (GST AAR Karnataka) In the first scenario, since the value of the single invoice is more than Rs.2.5
Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) can’t be invoked: ITAT
Clipped from: https://www.taxscan.in/completion-of-assessment-in-hand-of-company-enough-to-prove-expense-incurred-for-business-section-222e-cant-be-invoked-itat/207098/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Completion%20of%20Assessment By Rasheela Basheer – On September 25, 2022 7:10 pm The Chennai Bench Income Tax Appellate Tribunal (ITAT) held that completion of assessment in the hand
Insurance Premium paid which wasn’t claimed Deduction u/s 80C can’t be taxed: ITAT
Clipped from: https://www.taxscan.in/insurance-premium-paid-which-wasnt-claimed-deduction-u-s-80c-cant-be-taxed-itat/207080/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Insurance%20Premium By Yogitha S. Yogesh – On September 25, 2022 7:13 pm The Bangalore Bench Income Tax Appellate Tribunal (ITAT) ruled that the insurance premium paid which
Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT
Clipped from: https://www.taxscan.in/business-loss-cannot-be-disallowed-as-ao-has-not-rejected-books-of-accounts-itat/196879/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20Loss By Kalyani B Nair – On September 25, 2022 9:45 pm The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that business loss cannot be disallowed as Assessing Officer has not
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