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 …
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 …
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) …
In a major relief to Good Year India, the Income Tax Appellate Tribunal (ITAT), Delhi has allowed the Company’s plea to allow advertisement expenses incurred for the brand promotion. Facts of the case:- The assessee company is engaged in the manufacturing/trading of tyres and related products. …
(Prime Minister Shri Narendra Modi on August 2nd launched the digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. Prime Minister said that the eRUPI voucher is going to play a huge role in making Direct Benefit Transfer (DBT) more effective in digital …
The Delhi High Court while refusing as many as 22 petitions by various Exporters and Importers refused to exempt Importers or Exporters from charges pertaining to ground rent, demurrage, container detention charges during the COVID-19 lockdown period. Facts of the case:- The petitioners, in these petitions, …
Judgment:- The National Company Law Appellate Tribunal (NCLAT) set aside all the unsavory observations/comments made by the Amaravati Bench of National Company Law Tribunal (NCLT). Facts of the case:- Mr. P. B. A. Srinivasan, Counsel for the Appellants, Chalasani Udaya Sankar, Ms. Sripathi Sreevana Reddy, Ms. …
Irrespective of the amount gained or lost, one must disclose capital gains or losses while filing Income Tax Return (ITR). What is Capital Gain? Capital gains are the profits accrued through the sale of capital assets. The 2 types of capital gains are long-term and short-term. …
