Explore the nuances of Capital Gain Tax Exemption on jointly owned property in India. Understand statutory provisions under Section 54 and Section 54F, judicial pronouncements, and salient features for tax-savvy property transactions. Stay informed to optimize your tax benefits.
This article is written with the objective to reduce the fear of dealers and assist them in handling GST Scrutiny/Assessment. I believe and wish that after going through this article you will be well prepared for handling authorities by responding to their queries swiftly with relevant information and documents.
Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.
New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities 1. The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue […]
Change made in Composition restriction table – Message table containing HSN wise list of items restricted for availing compositing scheme has been updated in registration application on portal
NFRA imposes penalty of Two Lakhs on CA Narayan Prasad Swami who was Engagement Partner for the statutory audit of Women Next Loungeries Ltd for Financial Year 2017-18 for Audit failures and also debarred him for two years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of […]
1. The last date to apply for a higher pension from the Employees’ Pension Scheme (EPS) is fast approaching. An eligible employee can apply for a higher EPS pension till May 3, 2023. 2. The EPFO vide circular dated 23.04.2023 clarified that in cases where the submitted information is not complete or seems erroneous or […]
Stay updated on the revised Tax Deduction at Source (TDS) rates for the fiscal year 2023-24. Explore changes in TDS rates, thresholds, and compliance after the Union Budget 2023.
Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value
NFRA’s investigations inter alia revealed that the TDL’s Auditors for the FY 2018-19, had failed to meet the relevant requirements of the Standards on Auditing (‘SA’ hereafter) in a number of significant aspects and demonstrated a serious lack of competence. They failed to evaluate their potential conflict of interest and failed to maintain their independence […]
