Deduction of tax at source from payment on transfer of certain immovable property 1 Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall,
Format for deed of assignment of Trademark (On a stamp paper of value equivalent to 3% of the consideration) DEED OF ASSIGNMENT OF TRADEMARK(S) This Deed of Assignment (“Agreement”) is made at …………….. and effective this ………… Day of ………….., 2022. BETWEEN: M/S ……………………………. PVT. LTD (the “Assignor”), a Private Limited Company incorporated in India
The Competition Commission of India (Commission) has imposed a penalty of Rs. 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem, apart from issuing cease and desist order. The CCI also directed Google to modify its conduct within a defined timeline. Smart mobile devices need an
A Firm of Chartered Accountants (“Firm”) may have an account on Social Networking website(s), wherein it may mention its name and other contents in accordance with the Advertisement Guidelines, 2008 issued by the Institute, appearing in Volume-II of Code of Ethics. A member in practice may have an account on Social Networking website(s), wherein he
The Central Board of Direct Taxes (CBDT) vide its Circular No 13 of 2022 dated 22nd June 2022 issues the guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961. The Central Government vide Finance Act 2022 in the Budget 2022 inserted a new section 194S in the Income-tax
The Central Board of Direct Taxes (CBDT) vide its Circular No 12 of 2022 dated 16th June 2022 issues the guidelines for the removal of difficulties under section 194R (2) of the Income Tax Act 1961. Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”)
The Central Board of Direct Taxes (CBDT) vide its Notification No 62/2022 [S.O. 2735(E)] dated 14th June 2022 notifies the Cost Inflation Index (CII) for FY 2022-23 as “331”. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 14th June, 2022INCOME-TAX S.O. 2735(E).-In exercise of the powers conferred by clause (v) of the
The High Court of Delhi in the case of M/s Prem Brothers Infrastructure LLP Vs National Faceless Assessment Centre & Anr [W.P.(C) 7092/2022] quashed the penalty under section 270A of the Income Tax Act 1961 and directed to grant immunity under section 270AA of the Act. The Court held that under-reporting of income due to
The Ministry of Corporate Affairs (MCA) vide its Notification Dated 10th June 2022 amends the Companies (Appointment and Qualification of Directors) Rules, 2014 w.r.t. restoration of name of the director on the payment of a fee of Rs 1000/-, in the director’s databank under sub-rule (4) of rule 6. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New
The Gujarat Authority for Advance Ruling (Gujarat AAR) in the case of M/s Vadilal Enterprises Ltd, Ahmedabad held that ITC on GST paid on the transaction wherein vehicles returned empty during return journey is admissible. Brief Facts of the Case: 1. M/s Vadilal Enterprises Ltd. (Vadilal) submitted that it supplies ice cream in various States
