Latest Articles
Granting of hearing opportunity is mandatory under Section 75(4) before passing of adverse order
Goods and Services Tax : Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Ba...
Donation to Political Parties: Legal Framework & Tax Implications
Income Tax : Understand the legal framework and tax implications of political donations in India, including key sections like 80GGB, 80GGC, and...
GST Provision for Invoice & credit notes related to sale of under construction flat/shop
Goods and Services Tax : Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-in...
Difference between MSME and Start up
Corporate Law : Learn the criteria for DPIIT startup recognition, including company age, turnover limits, and eligibility differences from MSMEs....
Taxability of loans granted between related persons or between group companies
Goods and Services Tax : In the recent times, GST Department by exercising the powers bestowed on them by way of Section 65 of the CGST Act 2017, has been ...
Latest News
Superintendent Sentenced in Bribery Case; GST Officers Under Probe
Goods and Services Tax : A Superintendent in Nadiad is sentenced to 5 years for bribery. CBI also investigates two GST officers in Hyderabad for demanding ...
CBIC invites Suggestions on Additional Import/Export Declarations for Synthetic Diamonds
Custom Duty : Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identificatio...
Live Course on Grow Your IDT Practice & Preparation for GSTAT (GST Tribunal)
Goods and Services Tax : Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Regist...
Latest Case Law Related to IBC – April to June 2023
Corporate Law : SC rules on Special Court jurisdiction; NCLAT redefines financial debt; HC upholds IBBI regulations and addresses various insolven...
IFSCA Regulations 2024: Book-keeping, Accounting, Taxation & Financial Crime Compliance – FAQs
Finance : New IFSC regulations effective June 6, 2024, govern bookkeeping, accounting, taxation, and financial crime compliance services, im...
Latest Judiciary
Passing of order u/s. 148A(d) on the basis of fresh ground untenable: Delhi HC
Income Tax : Delhi High Court held that passing of order by the revenue under section 148A(d) of the Income Tax Act on the basis of fresh groun...
Addition u/s. 68 justified as genuineness of transaction and creditworthiness of creditors not proved: ITAT Ahmedabad
Income Tax : ITAT Ahmedabad held that genuineness of transaction, creditworthiness and identity of creditors not proved, hence addition u/s. 68...
Advance tax payment provisions doesn’t apply in reassessment proceedings: ITAT Indore
Income Tax : ITAT Indore held that rejection of appeal by CIT(A) on the footing of non-payment of advance tax as required by section 249(4)(b) ...
Notice u/s. 148 to NRI without following mandatory faceless procedure unsustainable: Telangana HC
Income Tax : Telangana High Court held that notice issued u/s. 148 of the Income Tax Act must comply with the requirement of the Scheme whether...
Comparison of secured loan and unsecured loan interest rate not justified: ITAT Indore
Income Tax : ITAT Indore held that rate of interest on secured loan from banks cannot be compared with the rate of interest on unsecured loan. ...
Latest Notifications
Shareholders of a subsidiary cannot be classified as ‘public’: SEBI
SEBI : SEBI addresses queries from Anjani Portland Cement on shareholding and regulatory compliance in a proposed amalgamation with its s...
Amendment in Export Policy of Dc-Oiled Rice Bran
DGFT : DGFT updates export policy; De-oiled rice bran export prohibited until January 31, 2025. Notification No. 23/2024-25 issued on Aug...
Maharashtra GST Guidelines for Recovery of Dues After First Appeal Until Appellate Tribunal Operation
Goods and Services Tax : Maharashtra GST Circular No. 21T of 2024 updates guidelines for recovering outstanding dues after first appeal until the Appellate...
IBBI (Inspection and Investigation) (Amendment) Regulations, 2024
Corporate Law : IBBI amends Inspection and Investigation Regulations, extending the response period to show-cause notices to 60 days from the due ...
IBBI (Information Utilities) (Amendment) Regulations, 2024
Corporate Law : IBBI updates Information Utilities Regulations with new timelines and verification procedures starting October 2024, improving def...
Latest Downloads
FAQs
Understand DICGCs role in insuring bank deposits up to ₹5 lakh. Learn about compliance requirements, premium calculations, and penalties for non-compliance.
New IFSC regulations effective June 6, 2024, govern bookkeeping, accounting, taxation, and financial crime compliance services, impacting registration and operations.
We’ve just wrapped up the non-audit tax filing season, and now we’re entering the critical and often confusing period of Tax Audits. Why do I call it confusing? Despite over several years of writing about Tax Audits, including numerous articles and full-length books, I still receive the queries around the applicability of tax audit in […]
Overview of Income Tax rates, deductions, surcharges, and cess for individuals, companies, and cooperative societies under the Finance Bill (Budget) 2024 in India.
Learn what GSTR-1A is, who should file it, key features, and its impact on GSTR-2B and GSTR-3B. Understand the filing process and consequences of errors.