Understand the differences between appellate powers u/s 251, revisional powers u/s 263, and 264 of the Income Tax Act, and how they affect taxpayers and revenue.
A Gift Deed formalizes property transfer without monetary consideration. Learn its legal importance, registration process, and essential elements to avoid disputes.
Learn the intricacies of GST Section 74 for fraud or wilful misstatement cases, including limitations, proceedings, and taxpayer responsibilities.
Dearness Allowance (DA) for PSU employees for Q3 2024-25 increased by 2.9%, bringing the rate to 47.7%. Based on CPI data from June-August 2024.
Learn the correct way to calculate and apportion depreciation using the Written Down Value method for accurate scrap value over an asset’s useful life.
Explore how perpetuity underpins stock valuation and enterprise value through cash flow models and discounting techniques.
Review essential compliance steps for SS-1 meetings of the Board of Directors, ensuring proper documentation and procedural adherence.
Understand CGST Act Section 129 on detention, seizure, and release of goods in transit. Learn about penalties and provisions updated by the Finance Act 2021.
Taxpayers face hurdles due to tax department inefficiencies, including contradictory affidavits and procedural oversights in legal matters.
AAR, West Bengal ruled that GST exemption is unavailable when maintenance charges exceed Rs. 7,500/- per month per member. Full charges are taxable in such cases.
