Differences Between an LLP and a Normal Partnership Firm

9 Apr, 2025

Differences Between an LLP and a Normal Pa...

When starting a business with multiple individuals, choosing the right business structure is a critical decision. Two c...

GST on Housing Societies

9 Apr, 2025

GST on Housing Societies

The Goods and Services Tax (GST), introduced in India as a unified tax regime, has significant implications for various...

ITAT Delhi’s Ruling on NRI Cash Deposits: What Counts as Exempt Gifts under Section 56(2)(vii)

9 Apr, 2025

ITAT Delhi’s Ruling on NRI Cash Deposits: ...

Background of the Case Smt. Yamini Kapoor, a Non-Resident Indian (NRI) residing at C-4, 6 Aurangzeb Road, Central De...

ITAT Orders De Novo Reassessment in NRI Income Case: Unexplained Income in NRE Account

9 Apr, 2025

ITAT Orders De Novo Reassessment in NRI In...

Background of the Case Sanjeeta Chatterjee, a Non-Resident Indian (NRI) residing in Dubai since December 1997, chall...

8 Apr, 2025

A Detailed Guide to LLP Registration Onlin...

Starting a business in India has become increasingly streamlined, thanks to digital advancements. Among the various bus...

Understanding LLP Annual Compliance in India: A Comprehensive Guide

8 Apr, 2025

Understanding LLP Annual Compliance in Ind...

Limited Liability Partnerships (LLPs) have become a popular business structure in India due to their flexibility and li...

Understanding Annual Compliance for Private Limited Companies in India

8 Apr, 2025

Understanding Annual Compliance for Privat...

Running a private limited company in India is a rewarding venture, but it comes with certain legal responsibilities. On...

Understanding HRA: Exemptions, Challenges, Tax Notices, and Essential Tips for Compliance

8 Apr, 2025

Understanding HRA: Exemptions, Challenges,...

House Rent Allowance (HRA) is a vital component of salary packages for many employees in India, designed to help cover ...

Remittance of Funds by NRIs from Fixed Deposit Maturity: Understand Forms 15CA and 15CB, Challenges, and Income Tax Implications

4 Apr, 2025

Remittance of Funds by NRIs from Fixed Dep...

For Non-Resident Indians (NRIs), managing financial assets in India is a balancing act that often involves leveraging f...

The Inoperative PAN Crisis for NRIs: Challenges, Exemptions, and Unresolved Issues

4 Apr, 2025

The Inoperative PAN Crisis for NRIs: Chall...

The Permanent Account Number (PAN) is a critical financial identifier for individuals and entities in India, facilitati...

ITAT Ahmedabad Rules that Severance Compensation on Loss of Employment is Capital Receipt, Not Profits in lieu of Salary

27 Feb, 2025

ITAT Ahmedabad Rules that Severance Compen...

Introduction In a crucial judgment, the Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled in favor of the ass...

High Court Quashes GST Demand and Show Cause Notice U/s 73, Citing That Retrospective Extension Does Not Apply to Expired Limitation Period

20 Feb, 2025

High Court Quashes GST Demand and Show Cau...

Nowadays, the GST department issues various notices and orders to GST registration holders for past years, often leadin...

Unutilized ITC for FY 2017-18 to 2020-21 Can Be Claimed under GST Until Nov 30, 2021: Madras High Court Quashes ITC Reversal

19 Feb, 2025

Unutilized ITC for FY 2017-18 to 2020-21 C...

Introduction The new section 16(5) of the CGST Act allows taxpayers to claim Input Tax Credit (ITC) for a certain pe...

GST Refund Claims: Court Directs fresh Adjudication and Permits Filing Under ‘Others'” Category for Export of Services.

18 Feb, 2025

GST Refund Claims: Court Directs fresh Adj...

Introduction Getting GST refunds has been challenging for industries when dealing with the GST department, especiall...

Income Tax Department Detects Undisclosed Foreign Assets: What Indian Taxpayers Need to Know

18 Feb, 2025

Income Tax Department Detects Undisclosed ...

The Income Tax Department has recently uncovered significant foreign assets owned by Indian taxpayers. As taxpayers, we...

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