• February 27, 2023

Harshal Bhuta, Naisar Shah, and Laxmi Ahirwar – [2023] 147 taxmann.com 483 (Article) 1. Background of TCS provisions under the Income Tax Act 1.1 Before the enactment of the Finance Act 2020, the provision of Section 206C of the Income Tax Act (‘ITA’) provided for the collection of tax at source (‘TCS’) on the business […]

• February 26, 2023

General Circular No. 04/2023, dated 22.02.2023 | General Circular No. 03/2023, dated 07.02.2023 | General Circular No. 01/2023, dated 09.01.2023 Earlier, the MCA intimated through General Circular No. 01/2023, dated 09.01.2023 that 45 e-forms including PAS 6, DIR 12, DIR 11, DIR 3, etc to be shifted to V3 portal with effect from 23.01.2023. Thus, […]

• February 25, 2023

Table of Contents Background of GST What is Goods and Services Tax? Rates of GST Check out Taxmann's GST Manual with GST Law Guide & Digest of Landmark Rulings | Set of 2 Volumes which contains a compilation of amended, updated & annotated text of CGST, IGST, UTGST Act & Rules, Forms (including Action Points), […]

• February 25, 2023

Publish Date : Tuesday, February 21, 2023 source

• February 24, 2023

Ind AS 19, Employee benefits, defines defined contribution plans are post-employment benefit plans under which an entity pays fixed contributions into a separate entity (a fund) and will have no legal or constructive obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service […]

• February 23, 2023

Case Details: Marg Projects and Infrastructure Ltd. v. Deputy Commissioner of Income-tax - [2023] 147 taxmann.com 130 (Madras) Judiciary and Counsel Details R. Mahadevan & J. Sathya Narayana Prasad, JJ. R. Sivaraman for the Appellant. Ms Sheela, Special Public Prosecutor (Income Tax) for the Respondent. Facts of the Case Assessee-company was engaged in the business of real […]

• February 22, 2023

Case Details: Smt. Shivani Madan v. Assistant Commissioner of Income-tax, Central Circle-5 - [2023] 147 taxmann.com 423 (Delhi-Trib.) Judiciary and Counsel Details Ms Astha Chandra, Judicial Member & Anil Chaturvedi, Accountant Member Sahil Sharma & Ms Jyoti Sharma, Advs. for the Appellant. H.K. Choudhary, CIT-DR for the Respondent. Facts of the Case A search was conducted on the premises […]

• February 22, 2023

Publish Date : Thursday, February 16, 2023 source

• February 21, 2023

The objective of Ind AS 41, Agriculture, is to prescribe the accounting treatment and disclosures related to agricultural activity. Agricultural activity is the management by an entity of the biological transformation and harvest of biological assets for sale or for conversion into agricultural produce or into additional biological assets. The agricultural activity covers a diverse […]