Actualités

Tax Guru24 min
Vivad Se Vishwas Covers Disputed Tax Interest: Bombay HC
In a ruling addressing the scope of the Direct Tax Vivad Se Vishwas Act, 2020 (VSV Act), the Bombay High Court has set aside orders passed by the Principal Commissioner of Income Tax (PCIT) that ...
Tax Guru1 h
To Exempt or Not to Exempt? The Great PG/Hostel GST Dilemma
Since the exemption at entry 12 is covering both the headings 9963 and 9972, many PG or hostel or unit accommodation services ...
Tax Guru1 h
Funds from foreign sources into NRE accounts not taxable in India in terms of section 10(4)
ITAT Ahmedabad held that funds remitted from foreign sources into NRE accounts are not taxable in India unless there is ...
Tax Guru1 h
Form PAS-6 Filing: Reconciliation of Share Capital Audit for Public & Private Companies
Form PAS-6 Filing Requirements and Deadlines – Filing of Reconciliation of Share Capital Audit By Public & Private Companies ...
Tax Guru1 h
Blocking of Electronic Credit Ledger under Rule 86A of CGST Rules upheld due to availability of sufficient evidences
Patna High Court held that blocking of Electronic Credit Ledger justified since there is sufficient material before ...
Tax Guru2 h
GST Notice to Deceased Person Invalid: Section 93 of CGST Act, 2017
Can tax authorities issue a notice under the GST law to a deceased person? This question brings Section 93 of the Central Goods and Services Tax Act, 2017 (CGST Act) into focus, which deals with the ...
Tax Guru2 h
Consumer Protection Act 2019: Key Changes & Implications
Introduction: The Consumer Protection Act, 2019 (“the New Act”) received accent from the President on 9th August 2019. The New Act, when enforced will replace a more than 3 decade’s old act, The ...
Tax Guru2 h
8% Profit Estimation on Cash Deposits for AY 2017-18 Justified: ITAT Lucknow
This is an appeal filed by the Revenue against the order of the ld. CIT (A) dated 13.03.2004 partly allowing the appeal of the assesseee against the assessment made under section 143 (3) of the Income ...
Tax Guru3 h
Hotel Reimbursement of Marketing & Other Fees Not Fee for Technical Services
The core contention of the revenue was that these reimbursements fell under the definition of fees for technical services as outlined in Article 12 (4) of the Double Taxation Avoidance Agreement (DTAA ...
Tax Guru3 h
Central Fee earned by Sheraton International Not Taxable: Delhi HC
6.1 The Tribunal, in short, has held that “centralized fee” earned by the respondent/assessee is not taxable. The fee concerns various aspects, such as sales and marketing charges, loyalty programs, ...
Tax Guru3 h
Scope of Section 254(2): Limited to Rectifying Apparent Mistakes, Not Reviewing or Recalling Orders
Subsequently, the Revenue filed a rectification application under Section 254 (2) of the Act, asserting that the Mumbai Bench’s order contained a ‘mistake apparent from record’ because the territorial ...
Tax Guru3 h
Draft Revamped Regulatory Framework for Global Access in IFSC
Consultation Paper on Draft Revamped Regulatory Framework for Global Access in the IFSC 1. The objective of this paper is to seek comments and suggestions from the public and stakeholders on the ...