Taxpayers are advised to download their GST returns, as data older than 7 years is archived monthly, following the new GST portal data retention policy.
Supreme Court disposes of 573 direct tax cases due to increased appeal limits from the Union Budget 2024-25, reducing tax litigation and expediting resolutions.
Form No. 10F is a self-declaration for NRIs to claim benefits under DTAA when their Tax Residency Certificate lacks essential details.
Learn how to calculate advance tax, payment deadlines, and exemptions. Find the steps for online payment and consequences of non-payment or delay.
Learn about capital gain tax exemptions on property under redevelopment, including eligibility under Section 54 and implications for sales and possession delays.
Discover the functionality of the Invoice Management System (IMS) in GST, including actions on invoices, ITC eligibility, and reconciliation processes for taxpayers.
ITAT Mumbai remands case on capital gain exemption for two adjoining flats under Section 54F, directing physical verification of flats by the Assessing Officer.
Allahabad HC rules in Vishal Steel Supplier case that GST law does not require disclosure of the transportation route for goods. Detention orders quashed.
Tax professionals face technical issues on the Income Tax portal, hindering tax audit report submissions before the 30th Sept 2024 deadline. Urgent intervention requested.
Allahabad High Court grants bail to Gurmeet Singh Batra in a ₹2645.29 crore GST scam case involving fake firms and fraudulent input tax credit claims.
