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Tax Rate on Long Term Capital Gains on Listed Securities Increased To 12.5%

November 26, 2024 18 Views 0 comment Print

Summary: As per the Finance Act 2024, the long-term capital gains (LTCG) tax on listed securities has been raised from 10% to 12.5% for transactions carried out from the assessment year 2024-25. This change applies to securities like listed shares and equity-oriented mutual funds. For the assessment year 2024-25, the exemption limit for LTCG on […]

Time of Supply Under GST: A Critical Analysis

November 26, 2024 141 Views 0 comment Print

Understand the time of supply under GST, its legal framework, key principles, and its impact on cash flow, compliance, and business operations.

GST Amnesty for ITC, Interest and Penalty Waivers

November 26, 2024 240 Views 0 comment Print

Learn about GST amnesty provisions for waiving interest, penalties, and regularizing ITC under Section 16(4) of CGST Act. Apply by March 31, 2025.

Firm to LLP Conversion: Process, Eligibility and Compliance

November 26, 2024 240 Views 0 comment Print

Learn the process to convert a firm into an LLP under the LLP Act, 2008, including eligibility, required forms, compliance, and tax implications.

Magistrates Must Ensure that Guilty Pleas are Voluntary & Well-Advised: Madras HC

November 26, 2024 114 Views 0 comment Print

Madras HC highlights the need for judicial magistrates to ensure guilty pleas are voluntary, informed, and supported by legal counsel, ensuring fair trials and justice.

ITC Allowed on inward supply of motor vehicles used for Demo: Kerala AAR

November 26, 2024 432 Views 0 comment Print

Kerala AAR allows ITC on motor vehicles used as demo cars for business promotion, clarifying conditions under CGST Act, Section 16 and 17(5).

Impact of GST on Banking Sector: Legal & Compliance Perspectives

November 26, 2024 207 Views 0 comment Print

Explore the impact of GST on the banking sector, focusing on legal, compliance, and operational challenges, including registration, ITC issues, and inter-branch transactions.

Brief Note on Scrutiny of Returns by Proper Officer under GST

November 26, 2024 5511 Views 0 comment Print

Learn about GST return scrutiny under Section 61 of the CGST Act, 2017. Understand the process, objectives, and key areas of compliance for registered taxpayers.

Disrespect to Constitution Through Words or Acts is an Offense: Kerala HC

November 26, 2024 219 Views 0 comment Print

Kerala HC mandates probe into remarks by ex-minister Saji Cherian allegedly disrespecting the Constitution, emphasizing the Prevention of Insults to National Honour Act.

Inadmissible Confessions in Depositions May Influence Trial Courts: SC

November 26, 2024 153 Views 0 comment Print

Supreme Court highlights risks of trial courts being influenced by inadmissible police confessions in prosecution witness depositions.

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