A comprehensive review of the recent ITAT Delhi’s ruling on Span Air Pvt Ltd Vs ACIT case, which offers key insights on depreciation claims under section 32 of the Income Tax Act.
In Nisarahmed Abdulsattar Vs. ITO, ITAT Ahmedabad quashes the Assessment Order for failure to collect TCS on the sale of metal scrap before the limitation period. Read the full order here.
Stay updated with the DGFT’s recent changes in the procedure for the allocation of quota for export of broken rice based on humanitarian and food security grounds.
Read the guidelines issued by the Pension Fund Regulatory and Development Authority (PFRDA) for Point of Presence (PoPs) performing activities in the National Pension System (NPS). These guidelines cover service standards, standard operating procedures, subscriber onboarding procedure, contribution management procedure, reports and disclosures, grievance redressal, and other functions. Stay compliant and informed.
Explore the Authority for Advance Ruling under Income Tax. Learn about binding rulings, withdrawal procedures, application fees, and the purpose of advance rulings. Stay informed for a clear understanding of your tax liabilities.
Understand Advance Tax under the Income Tax Act, 1961. Learn about compliance, revision of income estimates, due dates, who is exempt, tax rates, computing advance tax, payment procedure, and more. Stay informed to meet your tax obligations effectively.
In a landmark ruling, CESTAT Ahmedabad ruled that the Cenvat credit is applicable on cement and steel used in Commercial and Industrial Construction Services, marking a key interpretation of Cenvat credit rules.
A comprehensive review and analysis of the SEBI circular implementing the upstreaming of clients’ funds by Stock Brokers and Clearing Members. Gain insights into regulatory changes and their implications.
Read analysis of GST AAR regarding work done by NHAI in shifting transmission lines under MVVNL’s supervision. Explore ruling’s implications on supply definition, GST payment, double taxation, and applicability of GST.
Ignorance of tax obligations on income earned from a partnership doesn’t excuse late filing of Income Tax Returns. ITAT Mumbai upholds Section 271F penalty in a recent case involving an advocate and his late ITR filing.
