Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Income Tax: The proposal aims to introduce a provision in Section 206C of the Income Tax Act to allow the Board to notify rules for cases where credit of tax collected at source (TCS) can be given to a person other than the collectee. Specifically, it permits the parent to claim credit for TCS on funds remitted to a minor under the RBI's Liberalized Remittance Scheme, where the minor's income is clubbed with the parent's income u/s 64(1A). This amendment will be effective from January 1, 2025.
Income Tax: The proposal aims to introduce a provision in Section 206C of the Income Tax Act to allow the Board to notify rules for cases where credit of tax collected at source (TCS) can be given to a person other than the collectee. Specifically, it permits the parent to claim credit for TCS on funds remitted to a minor under the RBI's Liberalized Remittance Scheme, where the minor's income is clubbed with the parent's income u/s 64(1A). This amendment will be effective from January 1, 2025.
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