Corporate guarantee provided by parent company to its subsidiaries without consideration not leviable to service tax

Corporate guarantee provided by parent company to its subsidiaries without consideration not leviable to service tax

Monday, May 29, 2023
Case Name:- Commissioner of CGST and Central Excise Vs Edelweiss Financial Services Ltd. (Supreme Court of India) Summary: The SC...
Read More
Income Tax update – Withdrawal of 2000 denomination and deposit and/exchange notes until September 30,2023 (Part 2)Recent Judicial precedents on 2016 demonetisation for cash depositor

Income Tax update – Withdrawal of 2000 denomination and deposit and/exchange notes until September 30,2023 (Part 2)
Recent Judicial precedents on 2016 demonetisation for cash depositor

Thursday, May 25, 2023
A. Withdrawal of cash and deposited back during demonetisation In case of M. Natarajan facts was that assessee made cash...
Read More
How will RBI’s new notification impact the use of credit cards for expenses when you are abroad and how tax will be collected at source?

How will RBI’s new notification impact the use of credit cards for expenses when you are abroad and how tax will be collected at source?

Monday, May 22, 2023
A. What is notified? The notification dated 16th May 2023 removed the exemption given to the use of international credit...
Read More
Income Tax updateRBI decided to withdraw 2000 denomination (Part 1)Will banks be required to report cash deposit transactions to the income tax department?

Income Tax update
RBI decided to withdraw 2000 denomination (Part 1)
Will banks be required to report cash deposit transactions to the income tax department?

Monday, May 22, 2023
In pursuance of the "Clean Note Policy" of the Reserve Bank of India, it has been decided to withdraw the...
Read More