The Government of India has announced updates to simplify air cargo movement, transhipment, and customs procedures, including the removal of Transshipment Permit fees.
BBI suspends IP Vikas Prakash Gupta for one year for receiving fees designated for a separate support agency, violating transparency rules and Code of Conduct. Order takes effect in 30 days.
Learn how small businesses in India can optimize tax savings through schemes, GST credits, deductions, and expert guidance to maximize benefits under Indian tax laws.
Understand how Acts and Rules differ in law and taxation. Learn with practical examples from Income Tax and GST to see how each applies.
Understand key differences between legal and tax terms like Act vs Rule, Exemption vs Deduction, TDS vs TCS, and more for better clarity.
ITAT Kolkata deletes addition under Section 68, accepting LTCG on share sale by Kiran Kothari as genuine, rejecting AO’s reliance on general reports.
ITAT Mumbai ruled in favor of an auto-rickshaw driver, rejecting a ₹103 Crore income addition, citing insufficient investigation by the AO.
Learn about GST detention and provisional release process under Section 129 of CGST Act, 2017, including forms, penalties, and steps for businesses.
MSME Form-1 Filing: Do You Really Need to Report Payments Made Within Made Within 45 Days? Introduction The Ministry of Corporate Affairs (MCA) introduced Form MSME-1 on 22nd January 2019 to enhance compliance and accountability, requiring companies to report outstanding dues to Micro and Small Enterprises (MSEs) if payments are delayed beyond 45 days. Recent […]
Cost auditors play a vital role in ensuring the accuracy of financial records and cost statements, helping businesses to operate transparently and in accordance with law.
