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In Superintendent Central Excise & Customs v. M/S Kotak Mahindra Bank Ltd. and Anr. [Civil Appeal Nos. 6900-6901/2011 dated August 12, 2021], the current appeal has been filed after a decade since the last order dated January 03, 2011 by the Revenue to recover its…
(1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a company which is…
Case Law Details Case Name : Epicu Agro Products Pvt. Ltd. Vs Dy. Commissioner (State Tax) (Rajasthan High Court) Appeal Number : S.B. Civil Writ Petition No. 9149/2021 Date of Judgement/Order : 24/08/2021 Related Assessment Year : Epicu Agro Products Pvt. Ltd. Vs Dy. Commissioner…
The PAN card is the most important document for banking and financial transactions. PAN is mandatory even if IT returns are filed or EPF money is deposited. There is currently a situation where no financial activity can be conducted without a PAN. For this reason…
How many bank savings accounts can a person maintain without receiving notices from the Income Tax Department? This is a question that naturally arises in most people. People want to know how many savings accounts can be run at once. Knowing the information related to…
The Central Government has extended the deadline for filing income tax returns. However, if you fail to file your returns even within that time, you will be charged Rs. 5,000 fee is payable. According to information provided by the Ministry of Finance, the deadline for…
NewTaxIndia.com Sunday Special Article Article No 5, 29th August 2021. Bank account, Fixed Deposits, Gold Bonds, Schemes, Life insurance policies, EPF, Shares, Mutual Funds, etc., The name of the nominee is mandatory. However, most people do not care much about this. If an accident happens…
Those who pay income tax face many questions. Ten of these many questions are for you. How much gold can we keep or buy in our house? How much Land can we buy? How Much Money Can a House Make? How much can savings and…
NewTaxIndia.com Sunday Special Article Article No 3, 22nd August 2021 Much has been said about creating a steady income along with your salary. There are at least a hundred different ways to diversify your income streams so that when the economy goes down further, you…
Even 4 years after the enactment of the GST Act, the benefit of Section 140 or the reconsideration amendment or cess refund is always the most sensational issue under discussion. Various judgments / judgments have come recently on the refund issue of EC, SHEC and…