ITAT Mumbai quashes reassessment in Top Class Capital Markets Pvt Ltd Vs ACIT due to incomplete disclosure of reasons for reopening under Section 147 of the Income Tax Act.
Ensure smooth year-end financial compliance with a CA’s expertise and office automation. Avoid penalties, optimize taxes, and streamline business finances.
Learn effective strategies to safeguard digital assets, including strong passwords, 2FA, software updates, secure storage, and proactive cybersecurity practices.
ITAT Pune remands Ask Chemicals India’s appeal to NFAC, directing it to adjudicate on merits rather than dismissing for non-prosecution.
New TDS Rules Under Section 194T: Impact on Taxpayers & Businesses – Effective from 1st April 2025 Introduction The Finance (No. 2) Bill, 2024, has introduced Section 194T in the Income Tax Act, which will be effective from April 1, 2025. This new provision mandates that Partnership Firms and LLPs must deduct Tax at Source […]
Learn about Input Service Distributor (ISD), its registration, credit distribution process, and compliance requirements under GST effective from April 1, 2025.
The Ministry of Finance amends Customs Rules 2020, replacing “certificate” with “proof” in origin-related provisions. Changes take effect upon notification.
India imposes anti-dumping duty on Soft Ferrite Cores from China, affecting specific geometries. Details on rates, producers, and tariff items included.
CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the latest notification.
Kerala HC upheld the TDS penalty under Section 271C in US Technologies case, directing reconsideration of quantum. Read the detailed analysis of the judgment.
