Thursday, February 22, 2024

Monthly Archives: June, 2022

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

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...

TDS on perquisites arising in business or profession:

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...

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...

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...

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

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...

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...

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...

Most Read