The ITAT Ahmedabad condoned a 1890-day delay and remanded a case to the AO, directing the recalculation of capital gains for a co-owner by considering the DVO’s valuation and the indexed cost of acquisition.
Most important step is going to be taken regarding tax reform in India. The 56th meeting of the GST Council is being held in Delhi on 3rd and 4th September 2025. Prime Minister Narendra Modi announced GST reforms from the Red Fort on August 15 and said that the countrymen will get a big gift before Diwali.
ITAT Chennai held that the assessee is entitled for its claim of additional depreciation qua amounts not claimed in the preceding year. Thus, claim of the additional depreciation made during the year is allowed.
The AEO program’s duty deferment facility allows qualified importers to postpone customs payments, improving working capital and supply chain efficiency.
A summary of the revised RBI-mandated Long Form Audit Report (LFAR) for Statutory Central Auditors (SCAs), covering key clauses, risks, and compliance standards for banks in India.
A summary of the First Schedule of the Chartered Accountants Act, 1949, detailing professional misconduct, recent amendments, and ethical standards for CAs in India.
An analysis of Schedule II of the Chartered Accountants Act, 1949, covering professional misconduct clauses for Indian CAs related to confidentiality, diligence, and independence.
A summary of India’s proposed GST reforms for 2025. Explore the potential impact on consumer goods, cars, homes, and two-wheelers, with tax slabs changing to 5% and 18%.
A summary of the UAE Corporate Tax Law’s definitions for related parties under Article 35 and the arm’s length principle in Article 34, including transfer pricing methods.
The ITAT Ahmedabad has ruled that the Finance Act 2022 amendment, which removed the one-year extension for trust income utilization, applies prospectively, not retrospectively.
