Explore the nuances of claiming deductions for interest on delayed Income Tax, TDS, GST, and other statutory payments under section 37(1). Understand the legal perspectives and recent judgments on the allowability of such deductions. Stay informed to make informed financial decisions.
Learn more about Reasonable Classification and ‘Doctrine of Class Legislation’ in Taxation law. Is it possible to make laws based on Classes of persons? Find out here!
TDS Certificates can be used to claim TDS income even in case of mismatch in Form 26AS. Read this blog post to find out how to use TDS Certificates in such cases!
The question arises: when to apply TDS to year-end provisions when the payee is unknown? Learn how to account and deduct TDS when not known with this blog post.
Discover the Percentage Completion Method for Undisclosed Cash Receipts! Learn how the Excel sheet found during a search can be used as evidence and how figures mentioned in the sheet can be relied upon. Tax implications are also discussed!
Interior work in Rented Premises is Revenue Expenditure- Check the tests to determine Capital or Revenue Expense in this blog post!
Dive into the latest developments on the Global Minimum Tax and BEPS as the international community progresses swiftly in implementing the two-pillar solution. Explore the OECD’s public consultations on Pillar One’s Digital Services Taxes and compliance aspects of Pillar Two. Understand the draft Multilateral Convention provisions aimed at removing existing DSTs and achieving stability in the international tax architecture.
Facing issues with the Faceless Assessment E-Portal closure without notice? Learn the steps ahead to address grievances. Understand the importance of following correct procedures to ensure justice in tax cases.
No GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity for use as his/her own residence and on his own account and not on account of his business.
Extra income tax demands may be triggered if certain entries reflected in GSTR 2A are not taken in GSTR 3B. Learn how to address this issue.
