• May 21, 2023

Table of Contents Introduction The Provision Analysis Relevant Circular Frequently Asked Questions (FAQS) Check out Taxmann's Law Relating to Capital Gains which answers 1200+ questions on capital gains divided into 680+ topics, spread over 55 chapters and covers 3000+ case laws on capital gains. It also includes a threadbare analysis of the provisions, chapter-end summaries […]

• May 20, 2023

Publish Date : Tuesday, May 16, 2023 source

• May 20, 2023

Notification No. S.O. 2228(E); dated: 18.05.2023 The Govt. has notified May 18, 2023 as the effective date for the enforcement of certain sections of the Competition (Amendment) Act, 2023. The key provisions that are amended by the Amendment Act include provisions relating to Anti-competitive agreements, abuse of dominant position, combination, the selection committee for Chairperson […]

• May 19, 2023

Notification No. 27/2023, dated 16-05-2023 Section 194A of the Income-tax Act provides for deduction of tax at source (TDS) at the rate of 10% from interest, other than interest on securities, paid or payable to a resident person. The tax shall be deducted at the time of payment or credit, whichever is earlier. Further, tax […]

• May 18, 2023

Case Details: Ishwar Chand Proprietor of Bhagwati Trading Co. v. Union of India - [2023] 150 taxmann.com 294 (Delhi) Judiciary and Counsel Details Vibhu Bakhru & Amit Mahajan, JJ. Malay Swapnil & Ms Bhumika Aggarwal, Advs. for the Petitioner. Krishna Kumar Sharma, Sr. Panel Counsel Vijay Joshi, Sr. SC Anil Devlal, Govt. Pleader & Gurjas Singh Narula, Advs. for the […]

• May 17, 2023

Case Details: Gajrar Singh Ranawat v. Union of India - [2023] 150 taxmann.com 260 (Rajasthan) Judiciary and Counsel Details Vijay Bishnoi & Yogendra Kumar Purohit, JJ. Vinay Kothari & Ayush Goyal for the Petitioner. Rajvendra Saraswat & Mukul Singhvi for the Respondent. Facts of the Case The petitioner was in business of construction of roads. It requested the supplier […]

• May 16, 2023

Circular no. SEBI/HO/IMD/POD-II/CIR/P/2023/0069; Dated: 12.05.2023 Earlier, SEBI prescribed a uniform process to be followed by Asset Management Companies (AMCs) regarding investments in mutual funds made in the name of a minor through a guardian. Now, SEBI has directed all AMCs to make necessary changes to facilitate such mutual fund transactions w.e.f June 15, 2023. As […]

• May 15, 2023

World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. UAE Govt. releases norms for maintenance of TP documents for Corporate Tax Law The Finance Ministry of UAE issued Ministerial Decision No. 97 of 2023, specifying the […]

• May 14, 2023

Circular No. SEBI/HO/DDHS/DDHS-POD1/CIR/P/2023/67, dated: 09.05.2023 Earlier, the Financial Intelligence Unit – India (FIU-India), issued a letter dated April 19, 2023 addressing designated directors and principal officers of Debenture Trustees (DTs). The letter outlined specific guidelines including red flag indicators for detecting suspicious transactions by the Debenture Trustees under Rule 7(3) of the Prevention of Money […]