Explore the ACIT Vs Zodiac Transport case as ITAT Delhi directs fresh adjudication on protective additions, influenced by the SVP Group entities recent partial relief.
Income Tax Department carried out search and seizure operations on 16.06.2022 on a business group involved in retail and export sale of handicrafts, cash financing, purchase and sale of land and buildings, alongwith some bullion traders. The search operation covered more than 25 premises spread across Rajasthan and Mumbai. During the course of the search […]
As expected Govt extended GST Compensation Cess levy extended till 31/03/2026 which was coming to an end on 30th June 2022. Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022 | Notification No. 1/2022–Compensation Cess | Dated: 24th June, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 1/2022–Compensation […]
Government extended validity of FCRA registration certificates of certain categories of FCRA registered entities till 30.09.2022 or till the date of disposal of renewal application, whichever is earlier.
Section 194S mandates a person, who is responsible for paying to any resident any sum by way of consideration for transfer of a virtual digital asset (VDA), to deduct an amount equal to 1% of such sum as income tax thereon.
Affiliate marketing is indeed a profitable business. If you’re new to it, you may wonder if the commissions you’re earning from affiliate links are taxable.
Understand the scope and meaning of supply under Goods and Services Tax (GST). Learn how GST has simplified the taxation system in India.
CBDT on 14th June 2022 has finally released after 74 days Excel offline Utility of ITR-5 [For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] for Assessment Year 2022-23 Punjab and Haryana High Court Judgment in the case of Vishal Garg Vs UOI has instructed CBDT to ensure that […]
Understand Rule 12 of Income Tax Rules wef 01.04.2022 for Assessment Year 2022-23. Get ready for the updated regulations with Taxguru Team.
We need to understand GST implication on the following issues 1. Whether ‘non-fungible tokens’ are taxable under GST law? 2. If the answer is in affirmative, whether NFT would be classifiable as ‘goods’ or ‘service’? Further, what is the rate of tax under the law?
