The Allahabad High Court quashes GST penalty on Spirare Energy due to a minor E-Way Bill error. No evidence of tax evasion was found. Refund ordered within a month.
ITAT Chandigarh ruled on Ashish Sood Vs DCIT case, deciding whether Foreign Tax Credit is eligible when Form 67 is filed after due date but before assessment.
Madras HC sets aside rejection of Foreign Tax Credit claim by PCIT, directing reassessment considering Kenya income for AY 2019-20. No costs awarded.
Learn about Commodities Transaction Tax (CTT), its scope, rates, and objectives. Explore the 2024 updates and comparison with Securities Transaction Tax (STT).
Explore faceless assessment, reassessment, and recomputation under the Income Tax Act, as per Finance Act 2021, and related judicial precedents for compliance and litigation.
The foremost step for an entrepreneur who want to incorporate a company is to identify what kind of company he wants to incorporate (i.e. Private limited, public limited, OPC or etc.)
European Union’s Artificial Intelligence (AI) Act is set to become a game-changer in the regulation of AI technologies, establishing a robust framework that ensures these innovations are harmless, transparent, and respectful of fundamental human rights.
Its quite normal to see people clearing Professional Exams like CA/CMA/CS with comparatively little efforts and other student inspite of doing day night study gets poor marks and wastes substantial years of his early life giving professional exams, and finally end up doing a routine job without a lucrative earning.
In this article, we will analyse position of composite contract that is being taken into account regarding taxability of offshore services in India.
The GST Council forms a Group of Ministers (GoM) to review and suggest GST rates on life and health insurance, with a report due by October 30, 2024.
