Introduction of ISD is to distribute input tax credits on services among units of same entity having same PAN which supplies goods or services or both
There are many types of banking in this world, and the most widely known are the Conventional banking and the Islamic banking
Time and again it has been held that the Adjudicating Authority before admitting a petition for a Corporate Insolvency Resolution Process has to examine the real nature of the transaction that took place between the parties therein.
Dive into the intriguing world of recession and corporate layoffs. Uncover the interconnected issues of inflation, excessive money printing, and the impact on tech giants and global companies. Explore the challenges faced by economies and financial institutions, shedding light on the ominous signs of an economic downturn.
Dive into the nuances of Section 138 of the Income Tax Act, 1961, governing the disclosure of information about assesses by income tax authorities. Explore its main sections, sub-sections, and clauses, along with the relevant rules and forms involved. Stay informed about the procedures, authorities’ roles, and application processes under this section.
Government always try to combat the situation of tax avoidance and evasion, all TDS and TCS provisions are made part of our Direct Tax Regime with this object. With changed economic Scenario it seems inevitable to introduce new entries and modification in existing provisions.
Explore the extent of GST officers power to seize cash during search operations. Delve into legal provisions, recent cases like Arvind Goyal v. Union of India, and Kanishka Matta v. UOI. Understand the nuances of Section 67(2) and Section 2(52) of the CGST Act, and the implications for taxpayers. Stay informed and compliant with the evolving landscape of GST enforcement.
Section 40A(3) is a provision of the Act dealing with the taxability of payments that can be considered as expenditure. Under this provision, any expenditure in the form of allowance or reimbursement, made by an employer to his employees, shall be treated as income in the hands of the employees when the amount of expenditure incurred is not less than the amount specified under sub-section (2) of section 40A, or when the actual expenditure incurred by the employer is not otherwise verifiable (by means of documents, vouchers, etc.).
Applying provisions or conditions that more restrictive in nature than those applicable to the Company is called as Entrenchment of Articles.
Uncover the findings of Hindenburg Research’s 2-year investigation, alleging Adani Groups stock manipulation and accounting fraud of INR 17.8 trillion. Delve into the precarious financial situation, debt concerns, offshore entities, and potential delisting repercussions. Navigate the complex landscape of market integrity and corporate governance.
