Explore the comparative chart of foreign investment sectors in India and Bhutan. Learn about key sectors, regulations, tax rates, incentives, and more. Make informed investment decisions in these growing economies.
In an effort to tackle fraudulent invoices and misuse of input tax credit (ITC), the authorities responsible for enforcing the Goods and Services Tax (GST) are pushing for immediate access to taxpayers’ banking transactions.
Craft a strong response to an Income Tax notice under Section 148A(b) regarding a donation to a Political party. Challenge the lack of supporting documents provided and demand concrete evidence justifying the allegation of bogus donations. Cite legal precedents, such as decisions by the Hon’ble Gujarat High Court and ITAT Ahmedabad, emphasizing that the donation is genuine and compliant with Section 80GGC of the Income Tax Act, 1961. Assert your right to claim deductions and request the withdrawal of the proceedings.
Alleged interest income is from the Fixed Deposits, which were made by the assessee in the course of business and in order to comply the statutory requirements of the West Bengal Cooperative Societies Act, 2006. Therefore, the same should be treated as part of the business income and is eligible for deduction under section 80P(2)(a)(i) of the Act and should not be treated as income from other sources.
If you’re looking to provide the best care and benefits to your employees, registering your company for Employee Provident Fund (EPF) is essential. This blog with help you in knowing all the requirements for EPF registration for a Private Limited Company, including eligibility criteria, document requirements, and understanding the significance of EPF for your private limited company.
Learn about Sweat Equity Shares and the process of issuing them. Explore limits, valuation procedures, and steps to issue shares under the GST Act. Discover tax implications and compliance details. Make informed decisions on this unique form of share issuance.
Explore the case of Shri T. Sriranga (HUF) vs ITO (ITAT Bangalore), where the Income Tax Appellate Tribunal remanded the issue of cash deposit disallowance back to the Assessing Officer for verification in accordance with CBDT circulars.
File GSTR-10 Final Return by 30/06/2023 to benefit from the GST Amnesty Scheme. Enjoy a waiver of late fees and reinstate compliance status. Learn the key features and importance of timely filing. Act now for a clean slate and avoid legal consequences.
Explore the detailed analysis of CAAR Mumbai’s ruling on the classification of roasted areca nuts under the Customs Tariff Act, 1975. Understand the implications of roasting processes and legal interpretations.
Explore the detailed judgment of Ravinder Kumar vs. State of Haryana, Punjab and Haryana High Court, involving forgery allegations. Legal experts weigh in on the bail decision and its implications.
