Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition are borderless and require international collaboration to prevent regulatory arbitrage.
Income Tax Act 1961: Explore the section 10 clause that exempts some income from Total Income. Learn more about Sec 10(39) and its parameters!
Impugned show cause notices are void and bad-in-law in view of non-adjudication after a lapse of nearly 10 years from the date of issuance of first show cause notice.
Taxation and its primary objective in India: generating revenue, redistributing wealth, and more. Learn about the implications of taxation in India.
Under the Haryana state law – the RWA Administrator or ad-hoc committee cannot approve or admit new members in the society. Find out the rules and regulations of RWA’s from the Haryana Registration and Regulation of Society Act, 2012.
Requirements in relation to Test Purchase: Generation of DRC-07 has to be enabled in the Back Office Portal, for the authorized officials conducting test purchase, in order to raise a demand, in the case of imposition of penalty.
List of agencies authorised to issue Certificate of Origin (Preferential) under India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) is notified.
Electronic platform for Certificates of Origin (eCoO) is being expanded to facilitate issuance of Preferential Certificates of Origin for exports to Australia under India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) with effect from 29th December 2022.
HC held that genuine hardship faced by tax consultant which led to omission of timely filing of petitioner’s return sufficient cause for condonation of delay under section 119(2)(b)
Vodafone Idea Limited Vs Government of NCT of Delhi (Delhi High Court) The HC directed the Revenue Department to issue the rectified C-Forms, subject to the verification of entitlement on merits, without being burdened with issue concerning limitation. The petitioner is a telecom service provider. It undertook inter-state sales (C Forms). There was an error. […]
