Central Government introduced amendment to Section 75 (12) of the CGST Rules, 2017 by inserting an explanation thereby paving way for recovery of self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the Act.
Real Estate Sector before introduction of RERA,2016 was one of the most unregulated sector in the country. We know that the Real Estate Sector is contributing around 6.5 to 7% of the GDP of India.
LIBOR or the London Interbank Offered Rate is probably the widely used interest rate curve across various financial instruments.
APEP Scheme is a financial assistance scheme introduced by APEDA (i.e., Agricultural and Processed Food Products Export Development Authority) for facilitating the export of Agri-products by providing assistance to exporters. The scheme shall be valid for 5 years from FY 2021-22 to 2025-26.
Human capital formation is process of adding skills to individual which will add to the stock of human capital. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential.
The virtual audit is becoming popular amongst organizations due to fast advances in information technology. Businesses already include high-tech strategies that permit the audit teams to receive and share data, conduct interviews, and also make observations with entities all over the world.
The principles of natural justice forms an integral part of procedural fairness and justness, thereby excluding the scope of arbitrariness. Even though the right of hearing, which forms a part of the principles of natural justice, before an order is passed under some of the provisions of the Income-tax Act 1961
At the end fear is nothing but a state of mind which is called illusion, it stop us from pursuing what we can do and in the end because of fear we have to settle for less. Conquering them will make you a better person and this we can only do by our internal determination.
The Marine Insurance act, 1963, is designed to regulate the transactions of marine insurance businesses of hull, cargo and freight.
This section is a neutral provision, neither revenue friendly unlike section 263 nor assessee friendly unlike section 264 of the Act. But it has limited application, since it is bound by the wording of "Mistake apparent from records"
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