Learn about disallowances under Income Tax Act sections and their reporting requirements in Form 3CD during tax audits. Key provisions and compliance guidelines covered.
The 54th GST Council recommends RCM for renting of commercial property by unregistered persons to registered entities, raising various legal and ITC implications.
CBDT extends audit report filing deadline to 7th October 2024 for AY 2024-25, considering taxpayers’ challenges. Update applies to selected assessees.
Supreme Court slams Revenue for excess surcharge demands due to software issues, urging immediate upgrades to prevent harassment of taxpayers.
Allahabad HC rules that failure to prove the physical movement of goods disqualifies Input Tax Credit (ITC) claims. Scrutiny of GST return may skip ASMT-10 notice.
Important TDS rate changes from October 1, 2024, affecting insurance, rent, commissions, mutual funds, and e-commerce. Learn about the reduced rates and new provisions.
Learn how Section 80D offers additional deductions on health insurance premiums for individuals and HUFs. Maximize tax savings under the old tax regime.
The e-Dispute Resolution Scheme (e-DRS) offers small taxpayers a faceless, digital platform for faster, transparent tax dispute resolution, focusing on minor disputes.
Supreme Court examines writ jurisdiction under Article 226, emphasizing disclosure of facts and timely filing in HMT Ltd. vs Smt. Rukmini land acquisition case.
Delhi HC clarifies Rule 86A of CGST Rules, restricting debit of ITC in ECL. Blocking applies only to available ITC, no requirement to replenish past usage.
