News & Updates Latest Tax newsFile Your ITR on Your Own: Is it Possible without Help of a CA? July 27, 2024Filing income tax returns ( ITRs ) can seem daunting, especially for individuals who are new to the process. And there is a myth that only a CA could file their ITR or an expert is needed for the filing. While hiring a Chartered Accountant ( CA ) can simplify the process, it’s not the […] LubnaCA, CMA, MBA Vacancy in ABB July 27, 2024The ABB invited applications for the post Financial Planning & Analysis Analyst. Qualification: Responsibilites: JOB LOCATION: Bangalore, Karnataka, India For more details and to apply, click here Subscribe to Taxscan Premium for latest Job updates on WhatsApp. Stay informed and advance your career with us. AshikaSalary Earned Abroad: Tax Liability of NRIs July 27, 2024In an increasingly globalized world, it is only common for individuals to work and earn in a country other than their own. This situation opens up questions around tax liabilities, especially concerning income earned abroad. In India, the tax treatment of salary or allowances received by non-residents for services rendered outside the country is a […] LubnaMBA Vacancy in Myntra July 26, 2024Myntra invited applications for the post of Senior Manager – Strategy Planning & Execution. Qualification: Responsibilities: JOB LOCATION: Bengaluru, India For more details and to apply, click here Subscribe to Taxscan Premium for latest Job updates on WhatsApp. Stay informed and advance your career with us. IrfanNo Refund of Unutilized ITC for Non-Edible Neem Oil and Neem Cake: AAR [Read Order] July 26, 2024The Uttar Pradesh Authority for Advance Ruling ( AAR ) has ruled that there will be no refund of unutilized Input Tax Credit ( ITC ) for non-edible neem oil and neem cake due to the disparity in tax rates between inputs and outputs. The applicant Pooja Solvent Private Limited is into manufacturing of neem […] IrfanInsolvency Professional Entities are qualified to Appoint as Resolution Professionals: NCLT Holds in Favour of Piramal Capital July 26, 2024The National Company Law Tribunal( NCLT ) held that Insolvency Professional Entities ( IPEs ) are qualified to be appointed as Resolution Professionals ( RPs ) under the Insolvency and Bankruptcy Code, 2016. Further viewed that the Insolvency and Bankruptcy Board of India ( IBBI ) has the authority to regulate and recognize IPEs as […] IrfanNotification Prohibiting Export of Non-Basmati White Rice Have No Retrospective Effect: Andhra Pradesh HC [Read Order] July 26, 2024In a recent case, the Andhra Pradesh High Court has held that the trade notification issued by the Directorate General of Foreign Trade ( DGFT ) prohibiting the export of non-basmati white rice cannot have a retrospective effect. Sree Murali Mohana Boiled & Raw Rice Mill Pvt. Ltd, the petitioners are engaged in the business […] IrfanOrissa HC Allows MV Tax Payment and Penalty Appeal Due to Unintentional Payment Delay [Read Order] July 26, 2024In the recent case, the Orissa High Court grants relief due to overdue of Motor Vehicle (MV) tax on a vehicle due to an inadvertent delay in payment, allowing tax to be paid without penalties. The court also permitted an appeal against the penalties if the payment was made within four weeks and an appeal […] MAIMOONAB. Com Vacancy in Amazon July 26, 2024Amazon invited applications for the post of Sr. Finops Analyst – AR. Qualification: Responsibilities: JOB LOCATION: Hyderabad, India For more details and to apply, click here Subscribe to Taxscan Premium for latest Job updates on WhatsApp. Stay informed and advance your career with us. LubnaRelief to Oriental Insurance: CESTAT Quashes Service Tax Demand on Auxiliary Service & Short Account of Insurance Premium Income [Read Order] July 26, 2024In a ruling related to Oriental Insurance Company, the Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has quashed the service tax demand on insurance auxiliary services and short accounts of insurance premium income. It was observed that the CENVAT credit of the group health insurance policy for the employees […] Lubna
