Latest Articles
Key takeaways from judgement of Hon’ble Supreme Court in Safari Retreats
Goods and Services Tax : Explore Supreme Court's ruling in Safari Retreats on GST input tax credit (ITC) eligibility for construction-related expenses and ...
All about Direct Tax Vivad Se Vishwas Scheme (DTVSV), 2024
Income Tax : Learn about the Direct Tax Vivad Se Vishwas Scheme, 2024, designed to resolve income tax disputes and reduce litigation costs for ...
GST on Renting: Residential vs. Commercial Properties
Goods and Services Tax : Explore GST implications for renting residential and commercial properties in India, including exemptions and tax rates for regist...
Enhancing Accountability and Transparency: Towards Transformative Emphasis on Local Level Accounting in India
CA, CS, CMA : India's local bodies face challenges in accounting and transparency. Improving accrual accounting can enhance governance and servi...
Electrification: A Decadal Theme Driving AI, EVs and Global Industry
Finance : Rising demand for electricity, driven by AI and EVs, poses challenges for infrastructure. Investments in energy sources and grid u...
Latest News
Request for Extension of Deadline for Filing Annual Forms for FY 2023-24
CA, CS, CMA : ICSI seeks extension for annual filing deadlines due to challenges in XBRL, festival delays, and technical issues on MCA website f...
SEBI Draft Circular: SMS & E-mail alerts to investors by Stock Exchanges
SEBI : SEBI seeks public comments on its draft circular for SMS and email alerts to investors, expanding exceptions for non-individual cl...
PMMY Loan Limit Doubles to Rs. 20 Lakh for Entrepreneurs
Corporate Law : The Ministry of Finance has increased the PMMY loan limit to Rs. 20 lakh, aiding entrepreneurs' growth and funding needs....
Court Sentences Former CGST Officer and Wife to Prison
Goods and Services Tax : Mumbai court sentences former CGST Superintendent and his wife to 2-4 years in prison for possessing disproportionate assets. Tota...
Empanelment of General Observers for CS Exams Dec 2024
CA, CS, CMA : ICSI invites eligible members to apply as General Observers for the December 2024 CS exams, ensuring fair conduct. Apply via the I...
Latest Judiciary
Deposit to Prime Minister’s Relief Fund directed for non-compliance on part of assessee: ITAT Ahmedabad
Income Tax : ITAT Ahmedabad held that AO and CIT(A) confirmed the addition since there was non-compliance on the part of the assessee. Thus, on...
Assets held in name of partnership firm is not personal property of personal guarantor: NCLAT Delhi
Company Law : A Company Petition u/s. 95 of the IBC was filed by Operational Creditor-White Line Enterprises against Mr. Ramesh Kumar Chugh-Appe...
Tax not leviable on vehicles which were not operated on any public road due to COVID lock down: Madras HC
Corporate Law : Madras High Court held that once the vehicles were stopped and not operated on any public road, the tax cannot be levied. Thus, om...
Proceedings initiated under CGST Act cannot be initiated under Odisha GST Act: Orissa HC
Goods and Services Tax : The adjudication of the same is awaited before the Additional / Joint Commissioner of Central Goods and Services Tax, Office of th...
Order cancelling GST registration quashed as no opportunity of hearing granted: Allahabad HC
Goods and Services Tax : Allahabad High Court held that passing of ex-parte order cancelling GST registration without giving any opportunity of hearing is ...
Latest Notifications
RBI Updates Directions for Central Counterparties (CCPs)
Fema / RBI : RBI announces new governance and operational directions for Central Counterparties to enhance compliance and management standards....
RoDTEP Schedule Aligned with Customs Tariff Changes from 01.10.2024
DGFT : The DGFT updates RoDTEP Schedule with new tariff lines and modifications effective October 1, 2024, aligning with Customs Tariff A...
DGFT Modifies SION E-125 for Shea Stearine Export
DGFT : DGFT amends SION E-125 for Shea Stearine export, detailing new import quantities effective October 28, 2024....
Corrigendum to Circular No. 237/31/2024-GST dated 15th October, 2024
Goods and Services Tax : Corrigendum to GST Circular No. 237 clarifies refund restrictions under Section 150 of Finance Act 2024, exempting pre-deposit ref...
IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2024
Corporate Law : IRDAI releases draft guidelines on insurance fraud monitoring, open for feedback till Nov 13, 2024. Aims to strengthen fraud detec...
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FAQs
Learn about Form 12BAA, introduced for employers to credit TCS for employees, ensuring accurate TDS calculation and easing tax compliance.
Understand Section 80C deductions of the Income Tax Act, eligible investments, and the limits for individuals and HUFs. Reduce tax liability with the right investments.
Learn how to calculate advance tax, payment deadlines, and exemptions. Find the steps for online payment and consequences of non-payment or delay.
This article delves into the provisions governing AGM extensions under the Companies Act, 2013, and explores key regulations, examples and best practices.
Discover the functionality of the Invoice Management System (IMS) in GST, including actions on invoices, ITC eligibility, and reconciliation processes for taxpayers.