The petitioner Metropolitan Transport Corporation Limited is a Government of Tamil Nadu operating the business of providing passenger transportation services. As per the Goods and Services Tax Laws, this primary business activity of the petitioner falls under the exempted category. The petitioner furnished a copy of the challan on 12-02-2024 proofing the payment of application fees of Rs.5,000/- each under sub-rule (1) of Rule 104 of CGST Rules 2017 and SGST Rules 2017. The online application form for advance ruling on 12-02-2024 was physically received on 22-02-2024 as mandated under…
Tag: increased
Do you think Tax Audit threshold limit U/s 44AB for Professionals should be increased from 50 lakh ?- My point of view.
What is Profession ? There is no proper definition of Profession is given under Income Tax Act.According to Sec 2(36) of Income Tax Act, “profession” includes vocation.Sec 44AA deals with the professions that required to maintain books of accounts are, Legal Medical Architectural Accountancy Technical consultancy Interior decoration Any other profession notified by CBDT Is ‘Income from Salary’ included in ‘Income from Profession’ ? ‘Income from Salary’ is a different income head and it is not included in ‘Income from Business or Profession’. Employee gets Form 16 (Certificate of TDS…
PFRDA: Subscribers under PFRDA pension plans increased by 24 percent to 5.32 crore by the end of May 22
[ad_1] New Delhi: Subscribers under two flagships retirement plans administered by PFRDA It has grown over 24 per cent from a year ago to 5.32 crore as of May 31, 2022, official data showed on Monday. “Number of subscribers in various schemes under the National Pension System (NPS531.73 lakh at the end of May 2022 from 428.56 lakh in May 2021, showing a year-on-year growth of 24.07 per cent,” the Pension Fund Regulatory and Development Authority (PFRDA) said in a release. Atal Pension Yojana ,APY) – the largest contributor to…
Jharkhand government increased the number of beneficiaries for foreign scholarship
[ad_1] Jharkhand government has increased the number of beneficiaries of Marang Gomke Jaipal Singh Munda Pravasi Scholarship Scheme to 25. Earlier, the scholarship enabled 10 beneficiaries to pursue higher studies at top universities in the United Kingdom (UK). Now, a maximum of 25 students from Scheduled Tribes, Scheduled Castes, Minorities and Other Backward Classes (OBC) will be eligible to pursue higher education in the UK. The expanded version allows the provision of fully funded scholarships of up to 25 students every year to pursue a one-year master’s or two-year M…
Facebook jumps 82 percent in hate speech; Violent content on Instagram increased by 86 percent in April
[ad_1] According to a monthly report released by Meta, hate speech on social media platform Facebook has increased by about 82 percent and violent and inciting content on Instagram has increased by 86 percent. Most of the content in the report is based on detection by social media platforms before users report them. According to the report released on May 31, Facebook detected 53,200 hate speech in April, an increase of 82 percent compared to 38,600 detected in March, which the platform took action on. The report showed that Instagram…