Unlock the details of the New Interest Subvention Scheme for short-term Agricultural loans with the latest modifications effective from 23.11.2022. Explore changes for FY 2022-23 and 2023-24, understanding interest subvention, benefits, and eligibility criteria. Stay informed on the latest financial developments.
Explore the applicability of GST on Cold Storage services, focusing on definitions, ITC claims, and taxation nuances. Learn about GST impact on leased premises, machinery, and services related to agricultural produce. Stay informed to navigate GST complexities.
The article is all about the confusion in both the definitions. If we read both the definitions, at first glance it seems overlapping because there is mention of technical consultancy in the definition of professional services as well as technical consultancy is also mentioned under definition of fees for technical services.
Explore effective tax planning strategies for individuals as the year-end approaches. Discover deductions under various sections like 80C, 80D, 80E, and more. Maximize savings and minimize tax liability.
Explore the One Nation One Housing Policy aligned with Sustainable Development Goal 2030. Understand the vision for affordable housing, a fundamental right for all.
HC held that in case of tax evasion, FIR cannot be registered as the VAT Act does not provide any provisions authorizing the same.
The Income Tax Act, 1961 deals essentially with the imposing of taxes, exemptions and procedure to be followed therewith. The income that is accrued or deemed to accrue on the tax payer is the tax income and the application and diversion of income are two fundamental yet confusing concepts in the Indian Tax law. Also, both of these are court made concepts.
Menace of fake billing whereby seller was showing higher sales in FORM GSTR-1 to enable a purchaser to claim ITC but report suppressed sales in FORM GSTR-3B to lower GST liability.
HC set aside order cancelling GST Registration on the grounds that SCN was not duly issued for cancellation of registration by State Tax Officer.
Understand TDS on rent payment to non-residents. Learn about the deductors responsibilities, deductee conditions, TDS rates, time of deduction, deposit procedures, and compliance requirements. Stay informed about the taxation rules for non-resident rental income in India.
