Guidance of CBIC on Employees Secondment Post NOS by Supreme Court

21 Dec, 2023

Guidance of CBIC on Employees Secondment P...

In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 05/2023-GST,...

Cancelling GST Registration Without Fair Hearing and Justification is unsustainable

21 Dec, 2023

Cancelling GST Registration Without Fair H...

In a recent landmark judgment, the Delhi High Court, in the case of M/s. Att SYS India Pvt. Ltd. Estex Tele Pvt. Ltd. C...

A favorable Judgement on Cash Deposit during Demonetization by Taxpayer

21 Dec, 2023

A favorable Judgement on Cash Deposit duri...

Introduction In the ever-evolving landscape of taxation, disputes between taxpayers and tax authorities are not unco...

FAQs on Advance Tax: A Guide to Advance Tax Calculations

21 Dec, 2023

FAQs on Advance Tax: A Guide to Advance Ta...

Is there any compliance if an assessee revises its estimate of income for advance tax? Yes, there is a provision for...

Understanding Tax Deduction on Rent Payments

21 Dec, 2023

Understanding Tax Deduction on Rent Payments

1. What are the key regulations governing the deduction of tax at source on rent payments? The deduction of tax from...

Understanding Section 194-IA and TDS Filing: A Comprehensive Guide

19 Dec, 2023

Understanding Section 194-IA and TDS Filin...

Who is mandated to file a TDS return under Section 194-IA? Any buyer involved in the payment of sales consideration ...

Understanding Tax Deduction for Virtual Digital Assets under Section 194S

19 Dec, 2023

Understanding Tax Deduction for Virtual Di...

Tax regulations in India impose certain responsibilities on individuals and entities involved in the transfer of virtua...

Books of Accounts cannot be rejected on the ground that GP rate is low as compared to earlier year

19 Dec, 2023

Books of Accounts cannot be rejected on th...

Introduction: In a recent decision, the Income Tax Appellate Tribunal (ITAT) Delhi Bench "G" set aside the order of the...

No additions could be made to income already assessed since no incriminating material was unearthed during the search

19 Dec, 2023

No additions could be made to income alrea...

Introduction: In a significant legal triumph, Meena Nayyar recently secured a favorable outcome in four separate income...

A Guide for Salaried Employees Before March 2024

18 Dec, 2023

A Guide for Salaried Employees Before Marc...

Introduction As March 2024 approaches, salaried employees find themselves at a crucial juncture for tax planning. Wi...

Strategic Tax Planning for Business Professionals: A Guide Before March 2024

18 Dec, 2023

Strategic Tax Planning for Business Profes...

Introduction As we approach the end of the financial year in March 2024, business professionals are presented with a...

Interest Waived Due to GST Portal Technical Issues: Kerala High Court’s Landmark Decision in M/s. Hilton Garden Inn Case

18 Dec, 2023

Interest Waived Due to GST Portal Technica...

In a significant legal development, the Hon’ble Kerala High Court, in the matter of M/s. Hilton Garden Inn v. Commiss...

GST Liability on Residential Property Rented for Commercial Use: AAR Rajasthan’s Ruling

18 Dec, 2023

GST Liability on Residential Property Rent...

In a significant ruling, the Authority for Advance Ruling (AAR), Rajasthan, addressed the complex issue of Goods and Se...

File Appeal before Commissioner of Income (CIT) Appeal

18 Dec, 2023

File Appeal before Commissioner of Income ...

Introduction Dealing with tax matters can be intricate and, at times, challenging. If you find yourself dissatisfied...

30 Days is a Reasonable Time Period for Filing Reply To Show Clause Notice of GST

18 Dec, 2023

30 Days is a Reasonable Time Period for Fi...

The Hon’ble Madhya Pradesh High Court, in a landmark decision dated November 20, 2023, addressed the matter presented...

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