https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-msmed-act-2006.html Clipped from: https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-msmed-act-2006.html The government has brought in the amendment in Section 43B of Income Tax Act, 1961 and inserted a new clause (h) w.e.f.
Day: March 17, 2024
👍👍👍👍👍GST on Contributions to Housing Societies
https://taxguru.in/goods-and-service-tax/gst-contributions-housing-societies.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-contributions-housing-societies.html Introduction The interpretation of Goods and Services Tax (GST) laws regarding contributions to housing societies has been a subject of debate and
👍👍👍Madras HC Directs YouTuber To Pay Rs 50 Lakh Compensation
https://taxguru.in/corporate-law/madras-hc-directs-youtuber-pay-rs-50-lakh-compensation.html lipped from: https://taxguru.in/corporate-law/madras-hc-directs-youtuber-pay-rs-50-lakh-compensation.html Introduction: In a significant ruling, the Madras High Court has set a precedent by ordering a YouTuber to pay Rs 50 lakh
👍👍👍Personal hearing is mandatory before issuing Section 148A(d) orders: Kerala HC
https://taxguru.in/income-tax/personal-hearing-mandatory-issuing-section-148ad-orders-kerala-hc.html Clipped from: https://taxguru.in/income-tax/personal-hearing-mandatory-issuing-section-148ad-orders-kerala-hc.html ITO Vs Abdul Majeed (Kerala High Court) Introduction: In a recent judgment, the Kerala High Court addressed the necessity of a personal hearing prior
👍👍👍GST Registration not to be cancelled based on vague SCN: Delhi HC
https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-based-vague-scn-delhi-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-based-vague-scn-delhi-hc.html Introduction In a significant legal precedent, the Hon’ble Delhi High Court recently rendered a crucial verdict regarding the cancellation of GST registrations based
👍👍👍ITC Not Denied for Genuine GST Filing Errors Without Revenue Loss
https://taxguru.in/goods-and-service-tax/itc-denied-genuine-gst-filing-errors-revenue-loss.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-denied-genuine-gst-filing-errors-revenue-loss.html The recent verdict by the Hon’ble Bombay High Court in the case of NRB Bearings Ltd. v. Commissioner of State Tax [Writ Petition
👍👍👍👍👍Payments to Micro, Small & Medium Enterprises: Section 43B(h) impact & FAQs
https://taxguru.in/income-tax/payments-micro-small-medium-enterprises-section-43bh-impact-faqs.html Clipped from: https://taxguru.in/income-tax/payments-micro-small-medium-enterprises-section-43bh-impact-faqs.html PAYMENTS RELATING TO MICRO, SMALL AND MEDIUM ENTERPRISES – IMAPCT OF SECTION 43B(h) and FAQs Introduction The Finance Act, 2023 through inserting section 43B(h), applicable
👍👍👍MEA Notification: Aadhaar Authentication for Passport Services
https://taxguru.in/corporate-law/mea-notification-aadhaar-authentication-passport-services.html Clipped from: https://taxguru.in/corporate-law/mea-notification-aadhaar-authentication-passport-services.html Introduction: The Ministry of External Affairs (MEA) has issued a significant notification regarding the utilization of Aadhaar authentication for availing passport services under
👍👍👍Maintenance Charges collected by Residential Welfare Associations exceeding Rs.7,500 per month fully Taxable under GST at 18%: AAR
Clipped from: https://www.taxscan.in/maintenance-charges-collected-by-residential-welfare-associations-exceeding-rs-7500-per-month-fully-taxable-under-gst-at-18-aar-read-order/383512/ The West Bengal Authority for Advance Ruling ( AAR ), has made a clarification regarding the taxation of maintenance charges levied by Residential Welfare Associations
👍👍👍👍👍Contributions to Sinking Fund of Residential Welfare Associations by its members deemed Advance Payments for Future Services, liable to 18% GST: AAR
Clipped from: https://www.taxscan.in/contributions-to-sinking-fund-of-residential-welfare-associations-by-its-members-deemed-advance-payments-for-future-services-liable-to-18-gst-aar-read-order/383493/ The West Bengal Authority for Advance Ruling ( AAR ) has held that the contributions made by members to the sinking fund of
👍👍👍👍👍DGFT Amends Handbook of Procedures 2023 for Fixation of Norms and SION Notification
Clipped from: https://www.taxscan.in/dgft-amends-handbook-of-procedures-2023-for-fixation-of-norms-and-sion-notification/383562/ On March 14, 2024, the Directorate General of Foreign Trade ( DGFT ) issued Public Notice No. 15/2023, amending Para 4.06 and Para
👍👍👍👍👍👍👍SBI issues Guide to NRI Taxation and FEMA Matters
Clipped from: https://www.taxscan.in/sbi-issues-guide-to-nri-taxation-and-fema-matters-read-order/383604/ SBI has NRI customers through 434 dedicated specialised NRIbranches/NRI Intensive branches in India and foreign offices in 29 countries. By Navasree A.M – On March 15,
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