Through this budget, MSMEs get a Rs. 9,000 Crores corpus and a big relief through an amendment to section 43B of the Income Tax Act. Know more!
Limited Liability Partnerships (LLPs) and Private or Public Limited Companies are two legal entities that can be incorporated as LLCs. LLCs are legal entities that are handled apart from one another, protecting the investors and owners from company obligations.
3 essential compliances for charitable organizations: registration under Section 12AB, GST, & FCRA. Know your Income Tax requirements!
GST changes in Union Budget 2023-24 analyzed section-wise. Learn more about the new composition levy & eligibility and conditions for taking input tax credit in the CGST Act, 2017!
Held that, stating specific charges in the SCN is part of due procedure and fair play in action which are essential requirements of rule of law and has its genesis in Article 14 of the Constitution of India and since the principles of natural justice is not complied with, the ground of alternative remedy is not acceptable. Remanded back the matter to pass a fresh order after following the due procedure of law from the stage of issuing fresh SCN.
Finance Minister Nirmala Sitharaman announced Budget-2023 for driving Economic Growth on digital Infrastructure. Check out this blog post for more information about the schemes!
CESTAT held that, once assessee had reversed proportionate credit attributed to exempted goods, no demand of 10% of value of goods can be raised by Revenue Department.
Draft submission to ITAT when AO doesn’t comply with section 147 to 151 of Income Tax. Ground of Appeal & Arguments in writing, AO’s reasons recorded u/s 148(2) were never supplied to assessee. Assessment bad in law & spirits as reopening bad enough.
In Finance Bill 2023 Finance Minister recommended significant though few changes relating to Income Tax Search & Seizure
Protect the interest of Micro and Small businesses with time limit for payment, interests & MSME Samadhan scheme. Disallowance under Section 43B: a retrograde step?
