IASB proposes amendments to IFRS 9 and IFRS 7 for better accounting of renewable electricity contracts, addressing practical issues and enhancing financial reporting clarity.
Supreme Court quashes rape case, ruling consensual relationship. Calls for legal reforms to prevent misuse of penal laws against men. High-profile case sets a new precedent.
Explore key issues in Budget 2024, including tax rectification delays, unjust tax rates, exorbitant TCS on foreign travel, and needed reforms in presumptive taxation.
Received a notice U/s 139(9) for defective return? Learn why it happens, how to respond, and the consequences of ignoring it. Stay compliant with Income Tax laws.
Understand deadlines for issuing SCNs and adjudication orders under Sections 73 and 74 of CGST Act for FY 2017-18 to FY 2020-21.
Rajasthan HC sets SOP for police to protect couples facing threats. The judgment underscores the police’s duty to ensure couples’ safety against social harassment.
Section 230(1) allows companies to propose schemes of arrangement, which the Tribunal can order meetings to consider. The section requires disclosure of the company’s financial status, auditor’s reports, and schemes approved by at least 75% of secured creditors.
The penal provisions relating to the imposition of penalty under the GST laws are neither novelty nor something strange or extraordinary. There is hardly any dispute or legal challenge to such provisions.
Author attempt a comparative analysis of the taxation of income earned from the Immovable property held for earning Long Term Capital Gain with the most Common Assets which have been taxed at higher rates for a very long time.
Background: In the recent past, multiple initiatives are taken by the Government in consultation with the GSTN to streamline the GST return filing. The auto-population of details in GSTR-3B which is earlier loaded in GSTR-1 is one such classic example. As on date, the auto-populated figures in the GSTR-3B are editable by the taxpayers. This […]
