1. The Finance Minister, Nirmala Sitharaman in her Press Conference held at Mumbai declared a 30% hike in pension payout to bank staff. This will be on the basis of the last drawn salary. Pension payouts to bank employees could increase to Rs 30,000- Rs 35,000 …
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved the signing Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Institute of Professional Accountants of Russia (IPAR). 1. Details: Approval for signing Memorandum of Understanding between the …
The Kerala Authority of Advance Ruling (AAR) ruled that the Printing of textbooks, Lottery tickets & stationery items for the State Govt is supplied under GST. Facts of the case:- The applicant, Kerala Books, and Publications Society were constituted as a society by the Government of …
1. The Finance Ministry has given the deadline to Infosys till September 15 to fix all glitches in Income Tax E-Filing Portal. 2. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman took a meeting with Mr. Salil Parekh, MD & CEO, Infosys here today …
1. The Ahmedabad Zonal Unit of Directorate General of GST Intelligence (DGGI), a Central Government Agency, has arrested Shri Hardik Panchal, resident of Ahmedabad, who is the mastermind involved in issuing fake ITC bills of about Rs. 1000 crores. It has resulted in the evasion of …
In a relief to Urban Ladder Home Décor Solutions, the Bangalore Bench of Income Tax Appellate Tribunal (ITAT) ruled that Payments to Facebook, AWS for advertising, marketing are not taxable as Royalty. Facts of the case:- The assessee, Urban Ladder Home Décor Solutions Pvt. Ltd. is …
In a relief to Urban Ladder Home Décor Solutions, the Bangalore Bench of Income Tax Appellate Tribunal (ITAT) ruled that the assessee is not liable to deduct TDS on payments made to Non-Resident Companies. Facts of the case:- The assessee, Urban Ladder Home Décor Solutions Pvt. …
1. The Central Board of Direct Taxes (CBDT) has notified that the Adjudicating Authority may appoint other people for discharging duties, functions of interim resolution professional, resolution professional, or liquidator. 2. The CBDT empowered under clause (c) and clause (cd) of section 140 and clause (viii) …