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...
Income Tax: To facilitate ease of doing business and reduce compliance burden, it is proposed to amend section 197 to bring section 194Q (tax deduction on purchase of goods exceeding Rs. 50 lakh) within its scope for obtaining lower deduction certificate. Similarly, section 206C(9) is proposed to be amended to bring section 206C(1H) (tax collection on sale of goods exceeding Rs. 50 lakh) within its ambit for obtaining lower collection certificate. The amendments will take effect from October 1, 2024.
Income Tax: To facilitate ease of doing business and reduce compliance burden, it is proposed to amend section 197 to bring section 194Q (tax deduction on purchase of goods exceeding Rs. 50 lakh) within its scope for obtaining lower deduction certificate. Similarly, section 206C(9) is proposed to be amended to bring section 206C(1H) (tax collection on sale of goods exceeding Rs. 50 lakh) within its ambit for obtaining lower collection certificate. The amendments will take effect from October 1, 2024.
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