This article explores Circular 202/14/2023 and clarifies the conditions for export of services under the Integrated Goods & Services Tax Act, focusing on payments in INR
RBI directive requires regulated entities to join the Account Aggregator ecosystem as both FI-U and FIP, ensuring efficient data exchange. Learn more about this update.
The Reserve Bank of India (RBI) has reviewed instructions on bulk deposits for Regional Rural Banks (RRBs), raising the limit to Rupees one crore. Learn more
CBIC amends Rule 28, Rule 142, Rule 159, FORM GST REG-01, FORM GST REG-08, FORM GSTR-8, FORM GST PCT-01 and FORM GST DRC-22.
CBDT notifies Telangana Building and Other Construction Workers Welfare Board for specific income under section 10(46) vide Notification No. 93/2023-Income Tax
In a recent case, ITAT Bangalore deleted a Section 69B addition concerning gold jewelry, as holdings were in line with declarations and purchases.
Explore the ITAT Ahmedabad ruling in Amit Dhirajlal Doshi vs. DCIT regarding interest expenditure deduction under Section 57 of Income Tax Act.
ITAT Bangalore re-examines deduction under Section 80P(2)(a)(i) of the Income Tax Act for co-operative societies’ investments as per the Karnataka Co-operative Societies Act.
CESTAT Hyderabad lowers penalty for discrepancies in import declaration due to negligence, in absence of ulterior motive. Detailed analysis of the case.
Case study: JCIT vs. Ajay Sharma. Read NFAC introduction to the case & its findings on Rs. 1.95 crores addition on account of unexplained investment under Section 69 of Income Tax Act.
