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CASE STUDY ( O1 JAN )-INCOME TAX ACT, 1961
By FCS Deepak P. SIngh[ B.Sc., LLB, FCS, AIII, CRMP]: Dear Friends, In this case Apex Court held that Dividend declared by a Tea Company ( TATA Tea) is not an agriculture income in the hand of shareholders and not exempted. Dividend is not ‘revenue derived from land’ and hence cannot be termed as agricultural income in the hands of a shareholder. Hence, despite the… Read More ...
WHETHER CANTEEN FACILITY PROVIDED BY EMPLOYER TO EMPLOYEES BY RECOVERING NOMINAL COST IS “SUPPLY” UNDER GST ACT, 2017
By FCS Deepak P. SIngh[ B.Sc., LLB, FCS, AIII, CRMP]: Dear Friends, The Uttarakhand AAAR has clarified that services provided by employee to their employer under contract of service is exempted from the GST Act,2017. If an employer providing canteen services to its employees and collecting nominal fees from them , then this is Outward Supply done in the course and furtherance of its business… Read More ...
ITAT Mumbai differentiates ruling of apex court given in Checkmate Services Pvt. Ltd vs. CIT and deletes addition on account of delayed payment of employees contribution to Provident Fund
By CA Milind Wadhwani : ITAT Mumbai differentiates ruling of apex court given in Checkmate Services Pvt. Ltd vs. CIT and deletes addition on account of delayed payment of employees contribution to Provident Fund Read More ...
A Poetic Tribute to Landmark SC Judgements in Year 2022!!
By Mayank Mohanka, FCA, Partner S M Mohanka & Associates & Founder Director, TaxAaram India Pvt Ltd: Friends, the Year 2022 will be remembered for some of the landmark, unprecedented and peculiar judgements passed by the hon’ble Supreme Court in Tax Laws. As we bid adieu to the Year 2022, and Welcome the New Year 2023, I take pleasure in sharing my Poetic Tribute to the Landmark Judgements passed by Hon’ble Supreme… Read More ...
Taxing Virtual Digital Assets : A Fresh Outlook
By Samay Jain : The Padma Vibhushan N. A. Palkhivala Memorial National Moot Court (Virtual) Competition and research paper writing Competition, 2022 was held on November 24 to 27, 2022 Mr. Samay Jain won the third place in the research paper writing competition for Students. Read More ...
A COMPREHENSIVE ANALYSIS ON TAXING VIRTUAL DIGITAL ASSETS IN THE WORLD OF METAVERSE
By Ms. Tejaswini Sundar and Ms. Sushmitha Senthilkumar : The Padma Vibhushan N. A. Palkhivala Memorial National Moot Court (Virtual) Competition and research paper writing Competition, 2022 was held on November 24 to 27, 2022 Ms. Tejaswini Sundar and Ms. Sushmitha Senthilkumar won the second place in the research paper writing competition for Students. Read More ...
DIGITAL VIRTUAL ASSETS AND ITS TAX IMPLICATIONS
By Tanu Priya: The Padma Vibhushan N. A. Palkhivala Memorial National Moot Court (Virtual) Competition and research paper writing Competition, 2022 was held on November 24 to 27, 2022 Ms. Tanu Priya won the first place in the research paper writing competition for Students. Read More ...
Representation to Hon’ble Finance Minister of India.
By Editorial Board : Dear Members, On November 30, 2022 the All India Federation of Tax Practitioners made a Representation to Hon’ble Finance Minister of India. We urge our members to send us details pertaining to matters of senior citizens, and matters pending for more than 4 years before the first Appellate Authority / National Faceless Appeal Center. Intimation… Read More ...
Landmark Income Tax Rulings (Video + Keynote Address By Hon’ble Justice Shri K R Shriram, Bombay High Court)
By The Chamber of Tax Consultants: Webinar On Landmark Income Tax Rulings (Virtual Mode) Organised By: The Chamber of Tax Consultants, Mumbai (www.ctconline.org) on 12th November, 2022 Keynote Address : Honourable Justice Shri K. R. Shriram, Bombay High Court Read More ...
Whether the provisions of ITC providing conditions for payment of tax by the supplier, valid?
By Adv. Krishna K. and CA Padmanathan.K.V: The Padma Vibhushan N. A. Palkhivala Memorial National Moot Court (Virtual) Competition and research paper writing Competition, 2022 was held on November 24 to 27, 2022 Ms. Krishna K. and Padmanathan. K.V. won the Third place in the research paper writing competition for professionals. Read More ...