Monthly Archives: April 2020

Detained Goods released on giving Bank Guanratee for tax & penalty : HC

By | April 1, 2020

HIGH COURT OF KERALA Shajahan A.M. v. Assistant State Tax Officer ALEXANDER THOMAS, J. WP (C) NOS. 807 & 1289 OF 2020 JANUARY  29, 2020 P.N. Damodaran Namboodiri, Adv. for the Petitioner. M.M. Jasmine, Govt. Pleader for the Respondent. JUDGMENT 1. As the petitioner in these two cases is the same person, and as the issues raised in these… Read More »

Section 206C(1G) of Income Tax : TCS on overseas Tour Package & Foreign Remittance

By | April 1, 2020

Section 206C(1G) of Income Tax TCS on overseas Tour Package & Foreign Remittance [ Refer Commentary on TCS on overseas Tour Package & Foreign Remittance ] In section 206C of the Income-tax Act with effect from the 1st day of October, 2020,— (I) after sub-section (1F), the following sub-sections shall be inserted, namely: ‘(1G) Every… Read More »

Section 194O of Income Tax : Payment of certain sums by e-commerce operator to e-commerce participant

By | April 1, 2020

Section 194O of Income Tax After section 194N of the Income-tax Act, the following section shal lbe inserted with effect from the 1st day of October, 2020, by Finance Act 2020  namely Payment of certain sums by e-commerce operator to e-commerce participant. ‘194-O. (1) Notwithstanding anything to the contrary contained in any of the provisions… Read More »

Tax Relief due to Corona : Finance Ministry

By | April 1, 2020

Ministry of Finance Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 Posted On: 31 MAR 2020 10:04PM by PIB Delhi In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors… Read More »