SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal heirs’ rights under succession laws.
Understand key restrictions on Input Tax Credit (ITC) under Section 16 of the CGST Act, 2017, and recent judicial interpretations impacting buyer claims due to supplier defaults.
Learn about TDS Return Form 27Q for non-salary income of non-residents, including due dates, penalties, and interest on late filing or payment.
Understand GST Rule 28 for valuing supplies between distinct or related persons. Learn about Open Market Value, like kind and quality, and specific provisions for corporate guarantees and ITC availability.
RBI now permits investment vehicles to issue partly paid units to foreign investors, addressing prior ambiguity and establishing a one-time window for delayed reporting without penalties.
Comprehensive list of 30 banks available at the e-Filing Portal’s e-Pay Tax service. Find out the new and migrated banks, along with the respective dates of enablement. Simplify your tax payments with these trusted banking options.
CESTAT Delhi confirms service tax on foreign selling commission under reverse charge but sets aside extended period and penalties due to revenue neutrality.
ITAT Mumbai overturns A.O.’s additions for alleged bogus long-term capital gains and commission, citing lack of evidence and denial of cross-examination.
ITAT Nagpur rules Prerana Samajik Sanskrutik Trust’s provisional registration was wrongly cancelled. Temporary loans, not lack of genuineness.
Patna High Court held that service tax is leviable on centage charges received for their service charge/ technical assistance and exemption benefit under Mega Exemption Notification is not available since actual construction of roads and bridges are done by contractors.
