Explore the feasibility of flat tax in India. Analyze its impact on equity, revenue, and socio-economic challenges compared to progressive tax systems.
Learn about Input Credit Reversal under Sec 16(2) of GST, its conditions, impact on buyers and sellers, and compliance requirements to avoid audit issues.
In the past year, the Indian Market saw a downturn, and the FIIs sell-off could be a significant factor contributing to this. Let’s delve into the reasons behind the sell-off, its impact, and how the Indian market is still showing resilience. We will also look at the sectors most impacted and explore where FIIs might be investing their money instead.
CESTAT Delhi held that communication modules being parts of communication hubs is classifiable under CTI 8517 70 90. Accordingly, differential duty and also interest and imposition of penalty u/s. 114A set aside.
ITAT Delhi held that provisions of section 68 or 69A of the Income Tax Act for cash deposit during demonetization period unjustified since source of cash deposits duly explained. Hence, addition liable to be deleted.
Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxation, such mistake can be rectified via revision application under section 264 of the Income Tax Act.
IBBI disposes RTI appeals citing data limitations and exemptions under Section 7(9) and Section 8 of the RTI Act.
West Bengal allows virtual hearings for GST cases via video conferencing. Taxpayers can request this mode for ease of access. Read the guidelines and process.
SEBI responds to E-Land Apparel’s request for guidance on share issuance under ICDR regulations, addressing compliance with Regulations 163(3), 164, and 165.
Guidelines for filing TRQ applications for gold bullion imports under India-UAE CEPA for FY 2025-26. Deadline: 28th Feb 2025.
