FAQs on Computation of Gross Receipts/Turnover | Tax Audit | A.Y. 2021-22
FAQ 1. How to calculate the gross receipt or sales turnover for a tax audit? … Continue reading “FAQs on Computation of Gross Receipts/Turnover | Tax Audit | A.Y. 2021-22”
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FAQs on Introduction & Applicability of Tax Audit | A.Y. 2021-22
📖 Expectations from the Union Budget 2022-23 – Read Now! FAQ 1. What is a … Continue reading “FAQs on Introduction & Applicability of Tax Audit | A.Y. 2021-22”
Tax Audit : Detailed Analysis of Clause 39 to Clause 41 | As per ICAI Guidance Note
1. Clause 39 Whether any audit was conducted under section 72A of the Finance Act,1994 … Continue reading “Tax Audit : Detailed Analysis of Clause 39 to Clause 41 | As per ICAI Guidance Note”
NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI
Press Release: 2021-2022/1439. Dated: 29.12.2021 RBI has clarified that NRIs and Overseas Citizens of India … Continue reading “NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI”
Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted
Case details: Hemanshu Jamnadas Domadia Shareholder & Director of Silver Proteins (P.) Ltd. v. Central … Continue reading “Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted”
Payment along with tax actually paid to supplier or not is to be verified before disallowing ITC: Calcutta HC
Case details: LGW Industries Ltd. v. Union of India – [2022] 134 taxmann.com 42 (Calcutta) … Continue reading “Payment along with tax actually paid to supplier or not is to be verified before disallowing ITC: Calcutta HC”
CBIC issued instructions on applicability of Judgement of ‘Westinghouse’ on ‘auto parts’
Instruction No. 1/2022-Customs Dated January 5th, 2022 In a recent judgement Honorable Supreme Court in … Continue reading “CBIC issued instructions on applicability of Judgement of ‘Westinghouse’ on ‘auto parts’”
Day of arrival to be excluded while counting days of stay in India for the purpose of residential status: ITAT
Case details: Pradeep Kumar Joshi v. ITO – [2021] 133 taxmann.com 283 (Ahmedabad – Trib.) … Continue reading “Day of arrival to be excluded while counting days of stay in India for the purpose of residential status: ITAT”
SEBI directs stock exchanges to increase awareness among investors to lodge their complaints through the SCORES portal
Circular no. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2022/05, Dated: 05.01.2022 To increase the awareness regarding online grievance redressal mechanisms, SEBI … Continue reading “SEBI directs stock exchanges to increase awareness among investors to lodge their complaints through the SCORES portal”
RBI prescribes eligibility criteria for the categorization of entities as a ‘Specified User’ under CIC regulations
Press Release: 2021-2022/1500, Dated: 05.01.2022 The RBI has issued eligibility criteria for entities to be … Continue reading “RBI prescribes eligibility criteria for the categorization of entities as a ‘Specified User’ under CIC regulations”
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