One question that all joint fixed deposit account holders should ask is: who will be paying tax on the interest earned from a joint FD. Is it the first holder, second holder or both the parties?
Supreme Court acquits death row inmate, issues guidelines for DNA evidence collection and preservation, emphasizing chain of custody and proper documentation in criminal cases.
Understand GST appeal timelines under Section 107. Learn how “month” is interpreted as a calendar month, not fixed days, based on legal provisions and judicial rulings.
Understanding Ind AS 116 is crucial for GST professionals. This accounting standard’s impact on lease asset recognition can lead to GST audit challenges.
ITAT Delhi held penalty u/s 271(1)(c) unsustainable as 54F exemption failed due to builder delay, not taxpayer’s fault. Full disclosure helped avoid penalty.
Learn about CGST Rule 88B and Section 50, clarifying interest calculation on delayed GST payments and wrongly availed ITC, effective retrospectively.
Article examines eligibility of Input Tax Credit (ITC) under GST regime on Employees’ Deposit‑Linked Insurance (EDLI) policy. We discuss statutory basis, relevant GST provisions, practical implications, and supporting legal references in clear and accessible language.
SEBI proposes revising gold and silver ETF valuation to use domestic spot prices, aiming for uniformity and market alignment. Public comments invited.
SEBI’s updated Master Circular for Portfolio Managers, effective July 16, 2025, consolidates regulations issued through March 31, 2025, superseding previous guidance for clearer compliance.
Taxpayers can now file appeals (APL-01) on the GST Portal against rejected waiver applications (SPL-07). Exercise caution as withdrawals are not available.
