GST, or Goods and Services Tax, was implemented in India in 2017 as a unified indirect tax system to bring about transparency, simplicity, and uniformity in the Indian taxation system. GST replaced various indirect taxes like service tax, VAT, excise, octroi, etc. The GST rates on different products are set by the GST council, which […]
Delhi, January 24, 2025:The Income Tax Appellate Tribunal (ITAT), Delhi Bench, delivered a significant ruling in favor of Jindal Saw Ltd. (formerly Saw Pipes Ltd.) regarding the taxability of excise duty refund. The tribunal held that the excise duty refund received by the assessee is in the nature of a capital receipt and, therefore, not
Date of Pronouncement: 02.01.2024Bench: Income Tax Appellate Tribunal (ITAT), Delhi The Income Tax Appellate Tribunal (ITAT) Delhi Bench dismissed the ITAT appeal filed by the Revenue against the order dated 22.11.2022, passed by the Commissioner of Income Tax (Appeals)-30, New Delhi. The appeal arose from the Assessment Order dated 06.04.2021 for the Assessment Year (A.Y.) 2019-20 under
Delhi, India’s bustling capital, is a prime location for entrepreneurs aiming to establish their businesses. With its robust infrastructure, favorable policies, and a thriving startup ecosystem, registering a company here offers numerous advantages. This comprehensive guide provides step-by-step instructions, cost breakdowns, required documents, and expert tips to ensure a smooth registration process. Why Register a
The Government of Maharashtra has launched the State of Maharashtra Agribusiness and Rural Transformation (SMART) Project to promote farming in the state. The project will be implemented in Maharashtra and covers 10,000 villages of the state that is, one-fourth of the state. This project objective will be achieved over the next three years. Project Overview
India is home to a vibrant and diverse range of tribal communities, with the Scheduled Tribe (ST) population recorded at 10.45 crore, or 8.6% of the total population, according to the 2011 Census. These communities, comprising over 705 distinct groups, are spread across the country, often living in remote and inaccessible areas. To assist and support these tribal communities, the Indian
The Government of India offers various types of ration cards through the Public Distribution System (PDS), providing subsidised food grains to families below the poverty line. Set up to ensure equitable access to essential food supplies, these cards cater to different financial situations nationwide. What Is a Ration Card? A ration card is an official document that is issued by the
Attribution analysis is a sophisticated method for evaluating the performance of a portfolio or fund manager. Also known as “return attribution” or “performance attribution,” it attempts to quantitatively analyze aspects of an active fund manager’s investment selections and decisions—and to identify sources of excess returns, especially as compared to an index or other benchmark. For portfolio managers
In Maharashtra, a legal document that proves a union between a groom and a bride is the marriage certificate. The marriage certificate is provided by the state government and is important legally. The marriage certificate in the state can be obtained both online and offline. India, including Maharashtra, a marriage certificate serves as a legal document that
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