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Running  Solar Power EPC Company based in Kolkata for Sale or Partnership.

Click on the following link for more information or more such deals: http://buysellmergers.com/directories/running-solar-power-epc-company-based-in-kolkata-for-sale-or-partnership-2/ The Company is running since last 14 years with operations on pan India basis. During this tenure, they have served considerable number of valued customers in the categories of blue-chip MNCs as well as leading Corporates, with their entire satisfaction,...

New TDS provision u/s 194R effective from 1st July 2022:

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A person, responsible for giving out any benefit or perquisites to a resident arising out of business/ profession, whether it's convertible into money or not, requires to deduct TDS @ 10% on such aggregate amt. Provided that no TDS if value doesn't exceed 20k in a year. In case of Individual...

TDS on perquisites arising in business or profession:

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Sec 194R has been introduced in Finance Act 2022 and made applicable from 1st July, 2022.It seeks to deduct tax at source (TDS) in case a person provides any benefit or perquisite in kind to a resident at the time of execution of a business transaction.It is important to note that this TDS arises only in...

GST – Applicability of unjust enrichment for refund filed for export of services

Exports play a pivot role in contributing towards foreign exchange reserves so the government ensures that exports are not burdened with domestic tax laws and exporters are provided with incentives and refunds. However, it is quite disheartening that getting refunds sanctioned from the Government is a tedious task. The revenue authorities are reluctant to sanction refunds easily....

Fitch expects RBI to raise interest rates to 5.9% by December-end

Fitch Ratings on Tuesday said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook. In its update to Global Economic Outlook, Fitch said India's economy faces a worsening external environment, elevated commodity prices, and tighter global monetary policy.Given the deteriorating outlook for...

Off-Shore Distribution Income is not Taxable from the hands of Non-Resident who did not carry out business in India: ITAT

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Credit Suisse (Singapore) Ltd (ITA no.7262/Mum./2019) Facts: The assessee and HDFC Asset Management Co Ltd had entered into a Offshore Distribution Agreement dated 06/09/2011 pursuant to which the assessee agreed to distribute Mutual Fund schemes launched by HDFC Asset Management Co Ltd, with a view to procure subscriptions for such...

Delay in Delivery after Expiry of E-Way Bill will not be presumed as GST Evasion

The Honourable Supreme Court has ruled that non-delivery of goods within the validity period of e-way bill and non-extension of e-way bill will not necessarily amount to evasion of tax, especially when the delay is caused due to external factors. Facts of the Case:This incident dates back to the days when CAA-NRC protest were...

NBFC ‘THIRD PARTY LENDING’ SET TO COME UNDER AUDITORS’ SCRUTINY

Various funding arrangements entered by non-banking financial companies (NBFCs) are set to come under scrutiny of auditors with effect from FY22 audit that starts in the next few weeks. The ministry of corporate Affairs (MCA) had tightened the rules for company audits last year mandating companies to provide a new declaration saying they have...

FDA Licensed Chemicals manufacturing company for Sale near Mumbai, Maharashtra.

Click on the following link for more information or more such deals: http://buysellmergers.com/directories/fda-licensed-chemicals-manufacturing-company-for-sale-near-mumbai-maharashtra/ This is a running and profit making 48 year old company, spread over 3000 square meters of leased land in an Industrial area 45 kms of north-east of Mumbai. The constructed area is 25000 square feet of built-up...

Supreme Court upholds the validity of notices issued under Old Sec 148 of Income Tax Act after 31st Mar 2021:

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Union of India & Ors. Versus Ashish Agarwal (CIVIL APPEAL NO. 3005/2022) Background:Several High Courts had allowed the writ petitions and had quashed several reassessment notices issued by the Revenue, issued under old section 148 of the Income Tax Act, 1961, on the ground that the same are bad in law in view of...