Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/second-covid-wave-industry-body-msmes-drag-government-taxman-to-court-over-not-extending-deadlines/articleshow/82321202.cmsSynopsis Companies are worried that they would face penalties and jail term if they don’t follow deadlines. MUMBAI: An industry association and a group
Category: Legal
cryptocurrency: Are your crypto investments legal? Here’s everything you need to know
Clipped from: https://economictimes.indiatimes.com/are-your-crypto-investments-legal-heres-everything-you-need-to-know/articleshow/82259869.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis Crypto exchanges like CoinSwitch Kuber have been key in supporting the government and helping investors join the bandwagon by self-regulating and obliging a
Soli J Sorabjee: A man of law and all things jazz | Business Standard News
Clipped from: https://www.business-standard.com/article/beyond-business/soli-j-sorabjee-a-man-of-law-and-all-things-jazz-121043001384_1.html Padma Vibhushan Soli Sorabjee died of Covid-19-related complications at 91 on April 30, 2021 Former Attorney General of India, Soli J Sorabjee. Photo:
Lack of Clarity: ICICI shuts out crypto trades – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/lack-of-clarity-icici-shuts-out-crypto-trades/articleshow/82337734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis–India’s largest private sector lender ICICI Bank is distancing itself from Bitcoin and other cryptocurrencies amid conflicting signals from the Supreme Court and
KTIL top bidder for Lanco Hoskote Highway, NCLT approval awaited – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ktil-top-bidder-for-lanco-hoskote-highway-nclt-approval-awaited/articleshow/78358155.cmsSynopsis A banker in the know of the developments said the committee of creditors (CoC) has recently approved the bid of Kalyan group entity
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
COVID: SC warns against silencing people raising grievances on internet – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/there-should-be-no-clampdown-on-citizen-seeking-covid-19-help-on-internet-say-sc/2243033/ The top court made clear that any attempt to clampdown on free flow of information on social media including the call for help
Bring Amnesty Scheme for Pre & Post GST Transactions–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/provide-relaxations-7-areas-gst-amid-covid-2nd-wave.html Tax Consultants & Practitioners Association of Kerala has written a letter to Finance Minister of India and requested to provide relaxations in certain areas of GST
Equalisation Levy – Know about Equalization Features, Penalty & Applicability–clear tax
Clipped from: https://cleartax.in/s/equalisation-levy/#rate Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce
income tax show cause notice – Norton Safe Search
Clipped from: https://nortonsafe.search.ask.com/web?chn=prev&cmpgn=&doi=2021-01-14&geo=&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&o=APN12174&p2=%5EEQ%5Ecd00in%5E&prt=cr&trackId=&ver=3.14.3.7&tpr=4&q=income+tax+show+cause+notice&ts=1619659788159&ssrt=2300Web Results Show Cause Notices – TaxGuruhttps://taxguru.in/income-tax/show-notices.html 18 Apr 2020 … Show cause notice means a Court order that requires a party to appear before the court and explain
extended period of limitation in income tax cases – Norton Safe Search
Clipped from: https://nortonsafe.search.ask.com/web?q=extended%20period%20of%20limitation%20in%20income%20tax%20cases&vendoroffered=ask&extntype=legacyv1&vendorConfigured=ask&o=APN12174&prt=cr&ver=3.14.3.7&tpr=111&chn=prev&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&doi=2021-01-14Web Results INVOKING EXTENDED PERIOD OF LIMITATION FOR …https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=9105 22 Apr 2020 … INVOKING EXTENDED PERIOD OF LIMITATION FOR … In taxation, it (“ suppression of facts”) can have only one meaning
show cause notice reply in gst –
Clipped from: https://nortonsafe.search.ask.com/web?q=show%20cause%20notice%20reply%20in%20gst&vendoroffered=ask&extntype=legacyv1&vendorConfigured=ask&o=APN12174&prt=cr&ver=3.14.3.7&tpr=111&chn=prev&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&doi=2021-01-14Web Results GST Notices – Overview, Reasons, Types & Reply Formathttps://cleartax.in/s/gst-notices 16 Mar 2021 … GST Notices are of many types. Get a complete list! Reply to show cause notice on time, giving SCN reference
Liability to pay in certain cases under Central Goods and Services Tax Act, 2017–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/liability-pay-cases-cgst-act-2017.html Liability to pay in certain cases under Central Goods and Services Tax (CGST) Act, 2017 Chapter XVI of the Central Goods and Services Tax
When to Say No to Cash Transaction under Income Tax Act, 1961–tax guru
Clipped from: https://taxguru.in/income-tax/cash-transaction-income-tax-act-1961.html A. Income Tax Act, 1961 discourages transactions in cash through several of its provisions. This is done with a view to- counteracting money
Do not harass lawyers exempt from GST by sending notices–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/harass-lawyers-exempt-gst-sending-notices.html Devi Prasad Tripathy Vs. Principal Commissioner CGST and Central Excise (Orissa High Court) High Court expresses its concern that practising advocates should not
Indian Insolvency Quarterly Roundup 2021 (January 2021 To March 2021) – Insolvency/Bankruptcy/Re-structuring – India
Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1054818/indian-insolvency-quarterly-roundup-2021-january-2021-to-march-2021 The year began on a high note, with several noteworthy judgments being delivered by the Indian Supreme Court in matters involving the Insolvency
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
Clipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
lipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
Tax indemnity clause leads to friction among buyers & sellers of firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/irritant-for-pe-players-as-m-as-face-friction-over-tax-indemnity-clause-121042901412_1.html The Centre had allowed the tax dept more time to relook at old transactions Buyers and sellers of companies are clashing over how long they
Why vehicle owners may have no truck with scrappage policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-vehicle-owners-may-have-no-truck-with-scrappage-policy/article34436641.ece?homepage=true For those with old trucks, the policy’s appeal is limited due to poor cost economics Owners of old trucks might not find it
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