In this article, we’ll delve into the critical realms of freelancing income tax, accounting, and GST, offering insights, strategies, and practical tips to help freelancers navigate these often intricate waters with confidence.
In recent months, the global credit rating of India’s sovereign debt has been a hot topic of debate and concern. The three major global Credit Rating Agencies – Standard & Poor (S&P), Moody’s, and Fitch – have ranked India’s Sovereign Debt just a notch above junk grade, categorizing India as the lowest investment grade.
Read the analysis of ITAT decision in the case of Rama Mepa Odedara Vs ITO. The appellant appealed against addition of cash deposits under section 69A of the Income Tax Act, 1961. The ITAT considered the source of deposits and concluded that only the profit element should be taxable.
Analysis of Ramky Infrastructure Limited vs. Commissioner of Trade & Taxes case on DVAT Act interest calculation for refunds and tax liability. Legal insights.
V. Senthil Balaji Vs State Represented By Deputy Director And Ors (Supreme Court Judgment) In the case of V. Senthil Balaji vs. State Represented By Deputy Director and Others, the Supreme Court of India provided a detailed interpretation and analysis of various legal provisions related to the arrest, custody, and investigation of individuals under the […]
Read the analysis of SPI Global US vs ACIT (ITAT Delhi) case where sub-contracting charges taxability under India-USA DTAA was contested. Learn about the make available clause and the final decision.
Learn about the judgment of the Jammu & Kashmir and Ladakh High Court in the case of PCIT vs J&K Bank Ltd., where the court ruled that a bank is not obligated to deduct TDS from the interest paid to Jammu Development Authority on fixed deposits
Learn about the Gujarat High Court’s decision in Anokhi Realty Private Limited vs ITO, where it quashed an income tax reassessment notice issued to a non-existent entity. Analysis of amalgamation’s impact on tax assessment.
Learn about the Kerala High Court’s decision in EKK Infrastructure Limited vs. Kerala State Transport Project regarding GST liability in contracts. Analysis of inclusive vs. exclusive quotes.
All musical instruments are now subject to a 28% tax under the new GST regime, making them unaffordable for middle-class music aficionados. Musical instruments, components, and accessories such as the piano, keyboard, harmoniums, drums, xylophones, mouth organs, and pipe organs are classified under HSN code chapter 92 in the GST commodity tariff schedule.
