Read about the recent Madras High Court ruling that denies Input Tax Credit (ITC) if tax hasn’t been paid to the government. Analysis and implications for businesses dealing with suppliers with cancelled GST registrations.
If a person is eligible to obtain an Aadhar Card, it is mandatory to link it with the PAN card. Although, NRIs are not required to obtain an Aadhar and accordingly, not required to link their PAN with Aadhar, but the Income Tax Department has mandated that NRIs have to update the income tax portal on their residential status as ‘Non Residents’.
Section 54 of the Income Tax Act prescribes that an individual selling property can avail of tax exemption if the Capital gain amount is invested in the purchase or construction of residential property.
The All India Cost & Management Accountants Association urges the Finance Minister to permanently extend the ITR filing due-date from July 31st to August 31st for better taxpayer convenience.
NFRA has issued Order imposing penalties and sanctions on M/s ASRMP & Co. and auditors CA A. S. Sundaresha and CA Madhusudan U A for professional misconduct in audit of Coffee Day Global Limited for FY 2019-20.
MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-appointment of Managing Director, Company Secretary, and CFO, in violation of Section 203 of Companies Act, 2013.
MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-maintenance of statutory registers of members under Companies Act, 2013
All Gujarat Federation of Tax Consultants and Income Tax Bar Association request an extension of the income tax return deadline for AY 2023-24 due to heavy rain and flood in Gujarat.
AIFTP, a leading professional body in India, appeals to the Finance Minister for a one-month extension on tax return due dates for AY 2023-24.
MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-holding of board meetings in violation of Section 173 of the Companies Act, 2013.
