Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Government of India, u/s 14 of the Customs Act, 1962, issued Notification No. 40/2024-Customs (N.T.) on 6th June, 2024, replacing Notification No. 36/2024-Customs(N.T.). The notification determines the exchange rates for various foreign currencies into Indian rupees for imported and export goods. Schedule I lists rates for currencies like Australian Dollar, EURO, Pound Sterling, etc. Schedule II lists rates for Japanese Yen, Korean Won, etc. The rates are effective from 7th June, 2024. The notification is issued by the Central Board of Indirect Taxes and Customs.
The Government of India, u/s 14 of the Customs Act, 1962, issued Notification No. 40/2024-Customs (N.T.) on 6th June, 2024, replacing Notification No. 36/2024-Customs(N.T.). The notification determines the exchange rates for various foreign currencies into Indian rupees for imported and export goods. Schedule I lists rates for currencies like Australian Dollar, EURO, Pound Sterling, etc. Schedule II lists rates for Japanese Yen, Korean Won, etc. The rates are effective from 7th June, 2024. The notification is issued by the Central Board of Indirect Taxes and Customs.
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