t was decided that Incase it can be proved that the delay in filing of the appeal was on the advice of a professional, it would be considered that the delay is not attributable on the negligent/casual approach of the assessee.
Explore the differences between a Private Limited Company and a Limited Liability Partnership in India, including benefits, compliance requirements, taxation, and more. Understand the similarities and make an informed choice for your business entity. Consult experts to ensure the right fit for your business structure.
When it comes to planning for retirement, one of the most popular investment options in India is the National Pension System (NPS). This government-sponsored scheme allows individuals to save for their retirement while also providing tax benefits.
The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mobile application provided free of cost by the Income Tax Department, and is available on Google Play […]
Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.
Food Safety and Standards Authority of India (Transaction of Business at its meetings) Amendment Regulations, 2023.
No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Certain studies on related matter […]
वर्तमान में जीएसटी विभाग से बहुत सारे आदेश आ रहे हैं और इनमें से कुछ आदेशों में कुछ गलतियां या त्रुटियां हो सकती हैं। ये त्रुटियाँ तथ्यात्मक, कानूनी या लिपिकीय में से कोई भी हो सकती हैं यदि ये गलतियाँ कर निर्धारण अधिकारी के समक्ष उपलब्ध रिकोर्ड से स्पष्ट हैं, तो कोई ऐसी गलतियों या […]
Mumbai ITAT holds that while computing capital gains arising on transfer of a capital asset received by the Assessee under a will, the indexed cost of acquisition has to be computed with respect to the year in which the first owner held the asset
