Jaipur: In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a judgment favoring the taxpayer, Mrs. Prem Lata Pandya, in the case of Prem Lata Pandya vs. DCIT (ITA No. 1471/JPR/2024). The Tribunal directed the assessing authorities to classify ₹24 lakh, surrendered during a tax survey, as business […]
The Maharashtra State Agricultural Marketing Board (MSAMB), Pune was established on 23rd, March 1984, under section 39A of Maharashtra Agricultural Produce Marketing (Development & Regulation) Act, 1963. MSAMB has done pioneering work in the field of Agricultural Marketing in the State and achieved success in various areas. MSAMB is having an important role in developing
Indian Taxation Code, every individual or organization is supposed to pay an amount as the Tax on the earnings before the money is actually credited to their account. The form of tax is called TDS, and with this methodology, the government can formulate earnings through the provisions of the TDS. It is governed by the rules
Pusa Krishi is an innovation hub and agri-business incubation centre of ICAR-IARI supported by Ministry of Agriculture and Farmers’ Welfare & Department of Science and Technology. The incubator offers unparallel technical and business mentorship, networking with industry experts as well as access to government grants and funding platforms. Pusa Krishi Incubator is an Agri incubator that
Shubshakti Yojana has been initiated by the Rajasthan government with the aim of providing financial assistance to regular construction workers, unmarried laborers, and their daughters. The primary objective of this scheme to support and strengthen the daughters of labour families in Rajasthan state. Eligibility One parent (either father or mother or both) must be registered
Pre money valuation is the equity value of a company before it receives the cash from a round of financing it is undertaking. Since adding cash to a company’s balance sheet increases its equity value, the post money valuation will be higher because it has received additional cash. What is a Pre-Money Valuation? A pre-money valuation
The Indian Income Tax Act provides a tax deduction of up to Rs. 1.5 lakhs per financial year for interest paid on home loans taken for purchasing or constructing an affordable house. This deduction is available under Section 80EEA of the Income Tax Act and is in addition to the existing tax benefits available under
If the turnover of any business exceeds the threshold limit of Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh, then the business owner must register himself as a normal taxable person under Goods and Services Tax (GST), which is known as GST registration. GST registration is mandatory for certain businesses, and it will be considered an offence
The Food & Beverage industry is one of the well established service industry in India. It has registered unprecedented growth in recent years and is expanding continuously owing to change in demographics, urbanisation, rise in disposable income and growth of retail industry. The Indian food & Beverage industry had a value of USD 33.22 billion
Trademark Class 41 Deals with Education, Entertainment, Sport, Cultural Activities and Providing of Training Services. It includes everything that sums up to developing the personality of an individual by keeping him engaged in recreational or educational activities, where he can train his mind to perform some other productive task apart from or rather out of
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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