Tuesday, July 4, 2017

1. Govt. gives retrospective VAT exemption to New Development Bank and SAARTAC upto June 30, 2017.

2. No disallowance of interest u/s 14A if assessee had surplus funds to make investment in tax-free securities.

3. MCA issues order for removal of difficulties on transfer of voluntary winding up proceeding under Bankruptcy Code.

4. Tribunal has no power to give directions to co. on issuance of duplicate share certificates to its shareholders: NCLT.

5. HC quashed reassessment as it was made without issuing notice under section 143(2).

6. Sec. 68 would be attracted even if cheques related to unexplained credit wasn't presented for collection in Bank.

7. Tamil Nadu: 1,000 cinema halls shut in against 30% local tax, GST.

8. HDPE woven cloth manufactured from HDPE yarn would be classified under Central Excise heading 54.06: HC.

No comments:

Post a Comment

Featured post

Updates latest on income tax and GST

*👉🏻GST collection for June falls to Rs 92,849 Cr, lowest in 10 months* (The last time this happened was in Sept 2020, when GST collections...