The income tax regulations that apply to non-resident Indians differ from the laws and rules that apply to resident Indians. Non-resident Indians are required to pay taxes on all income and capital gains earned in India. The income tax for NRI differs from that for resident Indians. It is crucial to know that NRIs are […]
Jaipur, April 26, 2024: The Rajasthan High Court, Jaipur Bench, has dismissed the application filed by M/s Arco Electro Technologies Pvt. Ltd. in relation to the winding-up order of M/s Vanasthali Textiles Industries Ltd., which is currently in liquidation. The matter was called for hearing, but the applicant, M/s Arco Electro Technologies Pvt. Ltd., failed
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
Company Registration When starting a business in India, one can choose different legal structures such as sole proprietorship, partnership, LLP, or company. While a proprietorship or partnership can be started with minimal registration, opting for company registration with the Registrar of Companies (ROC) gives the business a stronger legal standing, limited liability protection, and higher
Register Private Limited Company in India online. Private Limited Company Registration is one of the first steps of starting your own company and business in India. Private Limited Company do not only offers limited liability, separate legal entity but provides credibility to a business and gives them an opportunity to raise funds in the form
When starting a business in India, one of the initial steps involves registering your company. A crucial part of this process is getting your company name approved. The approval of your company name is an important milestone, as it ensures that the name complies with the regulations set by the Ministry of Corporate Affairs (MCA)
In a recent decision, the Income Tax Appellate Tribunal (ITAT) Jaipur disposed of the appeal filed by Shri Ladu Ram, an agriculturist from a rural area, against the impugned order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] on 30th April 2024. The appellant’s appeal had been filed 98 days after the prescribed deadline,
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
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