Explore implications of SAS 1200 for disaster relief, recovery, and reconstruction activities. Learn about social audit process, evaluation criteria, and challenges.
ITAT Ahmedabad held that payment of cash towards purchase of land exceeding the prescribed limit is duly disallowed under section 40A(3) of the Income Tax Act.
ITAT Ahmedabad held that tax deduction at source doesn’t apply to service which are neither availed nor rendered and not even utilized in India. Accordingly, disallowance u/s 40(a)(ia) unjustified.
Explore the profound impact of increasing repo rates on borrowers and discover strategies to manage the resulting financial burden effectively. Navigate through the complexities of loan tenures, bank responses, and psychological factors for informed decision-making.
ITAT Ahmedabad held that on execution of agreement when the possession was also handed over, the transfer within the meaning of section 2(47)(v) and (vi) was complete and accordingly capital gain provisions gets applicable.
Sanjay Kumar Agarwal, Chairman of CBIC, reviews the Mera Bill Mera Adhikaar Scheme, e-HRMS 2.0, and other initiatives. Learn the latest CBIC updates.
ITAT Mumbai held that in case of company is involved in providing illicit LTCG/ short term capital loss (accommodation entries), a substantial addition has to be made in the hands of beneficiaries and only a protective assessment can be made in the hands of company providing such accommodation entries.
Reserve Bank of India extends Unified Payments Interface (UPI) to include pre-sanctioned credit lines from Scheduled Commercial Banks.
Jharkhand High Court held that once penalty order is set aside, it will be presumed that there is no concealment and hence prosecution under Section 276C(1) of the Income Tax Act will be quashed automatically.
Unpacking 2023 amendments to Central Excise Act’s territorial jurisdictions in Andhra Pradesh vide Notification No. 02/2023-Central Excise (N.T.)
