Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Notification amends notification No. 11/2021-Customs dated 1st February, 2021 to revise Agriculture Infrastructure and Development Cess (AIDC) on certain items. AIDC on Precious Metals reduced substantially. For Sl. No. 15A, entry in column (4) substituted with "1.4%". For Sl. No. 15B, 15C and 15E, entry substituted with "0.35%". For Sl. No. 15D, 15F and 15G, entry substituted with "1%". Notification comes into force on 24th July, 2024.
Notification amends notification No. 11/2021-Customs dated 1st February, 2021 to revise Agriculture Infrastructure and Development Cess (AIDC) on certain items. AIDC on Precious Metals reduced substantially. For Sl. No. 15A, entry in column (4) substituted with "1.4%". For Sl. No. 15B, 15C and 15E, entry substituted with "0.35%". For Sl. No. 15D, 15F and 15G, entry substituted with "1%". Notification comes into force on 24th July, 2024.
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