Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itSelect the reason for validity check
I feel great..the news is still good.please give the reason too..thanks..
Why do you think the News as invalid?” Please mention the reason.
I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,
Write your reason
My Dear ,
Please write your reason against the objection raised in the box below.
Thanks,
Yours sincerely,
My Dear ,
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Harassing
Disrespectful or rude towards a person or a group.
Spam
Promotes an undisclosed link or product or service.
Ingenuine
Not seeking genuine answers .
Rotten
Vulgar, Obscene, abusive etc..
Alien
Not a post on law or business.
Plagiarism
Copied from other website or source and pasted here.
Unformatted
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
A9 Top Floor C Block Community Center, Naraina Vihar
New Delhi, Delhi 110028
View and comment on the tax updates on a single page
Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.
About shocksnmocks
-
Trust providing coaching for Russian studies and paramedical courses allowed ta…
The case involved a trust, Indo-Soviet Medicare & Research Foundation, which entered into an agreement with the USSR State Committee to sponsor Indian students for higher studies in USSR. The trust collected fees from selected students to establish …
Login to write your news
Private Coaching Institute Not Considered Charitable Institution under Income-t…
The case involved the Bihar Institute of Mining & Mine Surveying, a society registered under the Societies Registration Act, which applied for registration as a charitable institution under Section 12A of the Income Tax Act, 1961. The Commissioner o…
Login to write your news
CII wins case, modular employment scheme deemed outside service tax ambit.
The Confederation of Indian Industry (CII) appealed against an order demanding service tax on various services, including convention services, business exhibition services, and the modular employment scheme. The CESTAT Chandigarh allowed CII's appea…
Login to write your news
The judgment dismisses the Writ Petitions filed by Mr. A. Irudayam, a former em…
The judgment addresses the Writ Petitions filed by Mr. A. Irudayam, who was a former employee of the Institute of Chartered Accountants of India. The petitioner sought justice for the students of Chartered Accountancy alleging that their fundamental…
Login to write your news
Educational institute wins GST exemption for outsourced exam services in Gujara…
The Gujarat High Court ruled in favor of M/s Educational Initiatives Pvt. Ltd., an educational services provider, in a dispute over the applicability of the Goods and Services Tax (GST) exemption for services related to conducting examinations for s…
Login to write your news
Printing of examination materials for educational institutions exempted from GS…
The case involves an application filed by M/s. V S Hi-Tech Security Forms Private Limited before the Authority for Advance Rulings (AAR) in Telangana. The applicant sought clarification on whether the printing services provided for pre-examination i…
Login to write your news
Pre and post-examination services to universities exempted from GST, AAR rules.
The case involves an application filed by the Institute Of Education And Examination Management Pvt. Ltd. before the Goods and Services Tax Authority for Advance Rulings (AAR) in West Bengal. The applicant sought clarity on whether the pre and post-…
Login to write your news
Trust's registration denied over fund transfers to another society, but court a…
This case involves an appeal by Markandashwar Shivji Education Trust against the denial of registration under Section 12A of the Income Tax Act by the Commissioner of Income Tax (Exemptions) [CIT(E)]. The CIT(E) had rejected the trust's application …
Login to write your news
Services related to conducting exams by educational boards/councils exempted fr…
The case involved an application filed by Management & Computer Consultants, seeking an advance ruling on whether their services related to conducting examinations for educational boards, councils, and universities would be exempt from Goods and Ser…
Login to write your news
Training for aircraft type rating extension by CAE Simulation not exempt from G…
CAE Simulation Training Private Limited, an approved training organization by the Directorate General of Civil Aviation (DGCA), sought an advance ruling on whether the training services provided to commercial pilots for obtaining aircraft type ratin…
Login to write your news
Stipend paid by Yashaswi Academy to trainees not taxable under GST as it acts a…
Yashaswi Academy for Skills (YAS), a non-profit company, sought an advance ruling on whether the reimbursement of stipends paid to trainees by industry partners attracts GST. The Authority for Advance Ruling (AAR) in Maharashtra ruled that since YAS…
Login to write your news
Advance Ruling: Vocational Training Courses recognized by NCVT or SCVT are exem…
The Leprosy Mission Trust India (TLMTI), an NGO, sought an advance ruling on whether the vocational training courses it conducts are exempt from Goods and Services Tax (GST) under Notification No. 12/2017. The Authority for Advance Ruling (AAR) in T…
Login to write your news-
Court dismisses GST appeal as time-barred, upholds strict limitation period und…
Goods & Services Tax,Mar. 14, 2024This case involves a writ petition filed by the petitioner challenging an order passed by the appellate authority dismissing their appeal as time-barred under Section 107 of the Central Goods and Services Tax (CGST) Act, 2017. The court upheld the appellate authority's decision, ruling that the limitation period prescribed under the CGST Act is strict and cannot be extended by applying the provisions of the Limitation Act, 1963.
-
GST Appeal Dismissed as Time-Barred, Court Upholds Strict Limitation Period Und…
Goods & Services Tax,Mar. 14, 2024This case involves a writ petition filed by the petitioner challenging an order passed by the Commissioner (Appeals), CGST, dismissing the petitioner's appeal as time-barred under Section 107 of the Central Goods and Services Tax Act, 2017 (CGST Act). The court upheld the appellate authority's decision, ruling that the limitation period prescribed under the CGST Act is strict and cannot be extended by applying the provisions of the Limitation Act, …
-
SEBI Circular Addresses Appointment of Nominee Director by Debenture Trustees
Co. Law, Sebi, Audit & A/c,Mar. 16, 2024The Securities and Exchange Board of India (SEBI) has issued a groundbreaking circular addressing the appointment of nominee directors by debenture trustees on the boards of issuers. This directive aims to safeguard investor interests and promote transparency in the securities market. While companies under the Companies Act, 2013 are obligated to appoint nominee directors, SEBI recognizes the challenges faced by issuers governed by different statut…
-
MCA Mandates Dematerialization of Securities for Private Companies in India
Co. Law, Sebi, Audit & A/c,Mar. 16, 2024India's corporate landscape is undergoing a transformative shift as the Ministry of Corporate Affairs mandates private companies to issue securities in dematerialized form. This groundbreaking move necessitates foreign companies and their wholly-owned subsidiaries (WOS) in India to swiftly adapt by obtaining International Securities Identification Numbers (ISIN) and opening dematerialization accounts. The directive aims to streamline securities iss…
-
Discover the seamless process for A Listed Company issuing Non-Convertible Debe…
Others,Mar. 16, 2024Embarking on the journey of issuing non-convertible debentures (NCDs) through private placement demands a profound grasp of the intricate web of governing acts, regulations, and circulars. This comprehensive guide illuminates the path, unveiling the eligibility criteria, procedural intricacies, and compliance obligations that must be navigated. Gain invaluable insights into the nuances of structuring, issuing, and listing these fixed-income instrum…
How would you handle the taxation of Non-Convertible Debentures (NCDs)?
Investing in non-convertible debentures (NCDs) offers a stable income stream, but it's crucial to understand the tax implications. Interest income from NCDs is taxed under "Income from Other Sources" at the applicable slab rate. At redemption, the principal amount is exempt, but interest received is taxable. For listed NCDs, short-term capital gains (held ≤12 months) are taxed at 10% without indexation. For unlisted NCDs, short-term gains (held ≤36…
Income Tax,Mar. 16, 2024-
SEBI Fortifies Debenture Trustee Regulations for Robust Debt Market
Co. Law, Sebi, Audit & A/c,Apr. 02, 2024The Securities and Exchange Board of India (SEBI) has unveiled a comprehensive Master Circular consolidating guidelines for Debenture Trustees. This circular aims to streamline processes, enhance transparency, and bolster investor protection in the corporate debt market. Key aspects include a robust security creation mechanism, continuous monitoring through a distributed ledger technology platform, and provisions for a Recovery Expense Fund to aid …
-
SEBI Proposes Fast-Track Public Debt Issuance, Easing Regulations for Ease of B…
Co. Law, Sebi, Audit & A/c,Mar. 18, 2024The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing significant changes to the NCS Regulations and LODR Regulations. The key proposals include introducing a fast-track mechanism for public issuance of debt securities, reducing the face value of privately placed NCDs/NCRPS to ₹10,000 with merchant banker appointment, rationalizing disclosures in offer documents, and standardizing record dates. The aim is to …
Service Tax Appeal Dismissed as Time-Barred, Court Upholds Strict Adherence to …
Customs & Excise,Mar. 15, 2024This case involves an appeal against an order passed by the Commissioner (Appeals) Customs, Central Excise & Service Tax, Lucknow, dismissing the appellant's appeal as time-barred. The Commissioner (Appeals) held that the appeal was filed after more than a year from the date of receipt of the original order, exceeding the statutory limitation period prescribed under Section 85(3A) of the Finance Act, 1994.
Court dismisses GST appeal filed beyond limitation period, rejects application …
This case involves a writ petition challenging the dismissal of the petitioner's appeal under Section 107 of the Uttar Pradesh Goods and Services Tax Act, 2017 (GST Act) on the ground of limitation. The petitioner argued that Section 5 of the Limitation Act, 1963, which allows for condonation of delay, should apply. However, the court rejected this contention and upheld the dismissal of the appeal.
Goods & Services Tax,Mar. 15, 2024-
Goods & Services Tax , Mar. 15. 2024Court Upholds Dismissal of Delay Condonation Application for Income Tax Refund …
-
Income Tax , Dec. 06. 2017Penalty under Section 271(1)(c) deleted by ITAT as assessment and penalty proce…
-
Service Tax , Dec. 05. 2017Service Tax Dispute: Court Dismisses Writ Petition for Challenging Order Beyond…
-
Goods & Services Tax , Mar. 15. 2024Jamshedpur court allows company to appeal against tax order on interstate goods…
-
Co. Law, Sebi, Audit & A/c , Mar. 16. 2024Delve into the nuances of debenture redemption as outlined in the Companies Act…
Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 5 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend it
Thanks, for confirming your phone number.
You can change it in your profile.Are you a tax professional?
If yes, then you can earn
money through me.Click on the subject of your choice. I will show major of these to you.
Click on the subject of your choice. I will show major of these to you.
download the mobile app
Hiya ,
You have successfully created your diary. You can access it from 'Store/Your Stuff' section.
OK