SC clarifies TOLA’s application to Income Tax Act post-April 2021, covering reassessment notice deadlines and procedural timelines. Notices beyond limits are void.
Chief Commissioner of Central Goods and Service Tax & Ors. Vs Safari Retreats Private Ltd. & Ors. (Supreme Court of India) The Supreme Court of India recently issued a landmark judgment interpreting Section 17(5) of the Central Goods and Services Tax (CGST) Act, which could significantly alter how businesses claim Input Tax Credit (ITC) on […]
A Gift Deed formalizes property transfer without monetary consideration. Learn its legal importance, registration process, and essential elements to avoid disputes.
Learn the intricacies of GST Section 74 for fraud or wilful misstatement cases, including limitations, proceedings, and taxpayer responsibilities.
Dearness Allowance (DA) for PSU employees for Q3 2024-25 increased by 2.9%, bringing the rate to 47.7%. Based on CPI data from June-August 2024.
Learn the correct way to calculate and apportion depreciation using the Written Down Value method for accurate scrap value over an asset’s useful life.
