MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 27th March, 2020/Chaitra 7, 1942 (Saka) The following Act of Parliament received the assent of the President on the 27th March, 2020, and is hereby published for general information:— THE FINANCE ACT, 2020 NO. 12 OF 2020 [27th March, 2020.] An Act to give effect… Read More »
Withdrawal from PF permitted due to pandemic MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 27th March, 2020 G.S.R. 225(E).—In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the… Read More »
Prime Minister’s Office Appeal to generously donate to ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ Posted On: 28 MAR 2020 4:36PM by PIB Delhi The pandemic of COVID-19 has engulfed the entire world and has posed serious challenges for the health and economic security of millions of people worldwide.… Read More »
New Rule for GST Refund I No Cash Refund in Full I CA Satbir Singh
New GST Rule for Refund of Tax Wrongly Paid I CA Satbir Singh
New GST Rule for Recovery of Refund paid by GST Officer I Exporters I CA Satbir Singh
The assessee is a company which is engaged in the business of real estate. The main object of the business of the company is development of real estate. It made a payment of Rs. 3.50 crores as advance to HDIL for purchase of land to construct commercial complex for the development of real estate. Since… Read More »
SUPREME COURT OF INDIA Rajasthan State Electricity Board v. Deputy Commissioner of Income Tax ASHOK BHUSHAN AND MOHAN M. SHANTANAGOUDAR, JJ. CIVIL APPEAL NO. 8590 OF 2010 MARCH 19, 2020 JUDGMENT Ashok Bhushan, J. – This appeal has been filed by the assessee challenging the Division Bench judgment dated 13-11-2007 of the High Court of Judicature for… Read More »
AUTHORITY FOR ADVANCE RULINGS, GOA Goa Industrial Development Corporation, In re J.K. MEENA AND SMT. SARITA S. GADGIL, MEMBER ADVANCE RULING NO. GOA/GAAR/01 OF 2019-20/1875 OCTOBER 17, 2019 PROCEEDING 1. Under Section 98 of the Goa Goods and Services Tax Act, 2017) The present application has been filed under section 97 of the Goa Goods and Services Tax Act,… Read More »
it is clear that as the assessee was holding more than 10% of the shares in both the companies, the provisions of section 2(22)(e) of the Act would come into play. However, the section further provides that the dividend does not include any advances or loan made to a share holder by the Company in… Read More »