Popular Posts
Cryptocurrency – Virtual Digital Asset
Cryptocurrency is a form of virtual digital asset which is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of assets. It has become one of the fastest upcoming modes of investment. Crypto refers to the various algorithms and techniques that safeguard these entries such […]
18% GST Payable on construction of IT Incubation Centre for TSIIC
In re Siddhartha Constructions (GST AAR Telangana) M/s. Siddhartha Constructions are into business of works contracts and have executed works for Telangana State Industrial Infrastructure Corporation Limited (TSIIC). The applicant in this contract has constructed IT Incubation Centre at Pothugal, Karimnagar for the TSIIC. As per the Memorandum of Association filed by the applicant TSIIC […]
Govt releases Income Tax e-book ‘Pratidhwani’
The e-book Pratidhwani showcases policy initiatives and changes in Income Tax Department and growth of nation through the lens of Department’s outreach programmes during the period 2000 to 2022.
Loss on Sale of Asset allowable As Application of income to Charitable Trust
Rajiv Gandhi Charitable Trust Vs JCIT (E) (ITAT Delhi) The issue in the present ground is with respect of claim of loss as application of income. It is an undisputed fact that the loss that assessee had incurred on sale of fixed assets and the same has been debited to the income and expenditure account […]
Recent Legal Compliance on Cryptocurrency India; A Challenge in Regulation
Understanding the recent legal compliance challenges in regulating cryptocurrency in India. Explore the scope and implications of Indian law on cryptocurrencies.
Calcutta HC directs removal of Risky exporter tag and allows refund of duty drawback & IGST claim
Nexage Innovations Vs Deputy Commissioner of Customs & ors. (Calcutta High Court) Calcutta High Court directs removal of Risky exporter tag and allows refund of duty drawback and IGST claim Hon’ble Division Bench of the Hon’ble Calcutta High Court in the matter M/s. Nexage Innovations Vs. The Deputy Commissioner of Customs & Ors M.A.T. 916 of […]
The Dawn Era of “CMA’s-Cost And Management Accountants”
Explore the transformative era of Cost and Management Accountants (CMAs) in India. Discover how CMAs play a vital role beyond traditional accounting, contributing to strategic finance, performance management, corporate governance, and more. Dive into the dawn era of finance professionals!
GST: Power of detention and confiscation cannot be invoked together
HC held that the power to confiscate goods is a distinct and independent power conferred under CGST Act, 2017 which can be exercised only in cases where power to detain and seize has not been invoked.
Stay on NCLT Order Initiating Insolvency Proceedings against MSME
Whether the NCLT was correct in passing an order of initiation of the CIRP against a MSME without considering the fact that the minimum threshold limit of filing application in NCLT has been increased to Rs. 1 Crore?
Bar Council eligible for Registration u/s 12AA & Exemption u/s 80G
The issue under consideration is whether the CIT is correct in rejecting the application filed by Bar Council of Delhi seeking registration u/s 12A (a) of the Income Tax Act?
