Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Government launched updated Steel Import Monitoring System (SIMS) 2.0 on 25.07.2024 at 2:00 pm, accessible at https://sims.steel.gov.in. SIMS 1.0 on DGFT website discontinued; existing applications viewable until further notice. Importers to file SIMS applications on SIMS 2.0 portal after launch. Dedicated SIMS 2.0 Helpdesk available over telephone or email. Issued with competent authority's approval by Joint Director General of Foreign Trade.
Government launched updated Steel Import Monitoring System (SIMS) 2.0 on 25.07.2024 at 2:00 pm, accessible at https://sims.steel.gov.in. SIMS 1.0 on DGFT website discontinued; existing applications viewable until further notice. Importers to file SIMS applications on SIMS 2.0 portal after launch. Dedicated SIMS 2.0 Helpdesk available over telephone or email. Issued with competent authority's approval by Joint Director General of Foreign Trade.
Note: It is a system-generated summary and is for quick reference only.