2 Jun, 2023

Clarification and Illustrations on Interme...

GST has received reports highlighting the confusion surrounding the interpretation of the term "Intermediary services" ...

1 Jun, 2023

Karnataka High Court Sets Precedent: Capit...

The Karnataka High Court recently rendered a significant decision regarding the reassessment proceedings for the Assess...

CBDT Revises Monetary Limits for Delayed Refund and Loss Carry Forward Claims

31 May, 2023

CBDT Revises Monetary Limits for Delayed R...

The Central Board of Direct Taxes (CBDT) has made significant revisions to the monetary limits for condoning delays in ...

31 May, 2023

E-Waybill System Introduces New Features f...

The E-Waybill System has been enhanced with new features for Enrolled Transporters and Common Enrolled Taxpayers. These...

31 May, 2023

Ministry of Consumer Affairs Introduces Ad...

The Ministry of Consumer Affairs has taken a significant step towards protecting consumer privacy by introducing a new ...

31 May, 2023

GST Registration Cannot be Cancelled on No...

In a recent case before the Hon'ble Karnataka High Court, Sri Annadurai Muniswamy sought relief against the cancellatio...

31 May, 2023

Section 154 of Income Tax : An Essential P...

Introduction The Income Tax Act plays a vital role in establishing a fair and transparent taxation system. Among...

25 May, 2023

CBDT Increases Leave Encashment Exemption ...

The Central Board of Direct Taxes (CBDT) has issued Notification No. 31/2023 on May 24, 2023, announcing a significant ...

TDS Deduction of Wife is Allowed in the Hands of Husband if Income is Clubbed

23 May, 2023

TDS Deduction of Wife is Allowed in the Ha...

In the case of Anil Ratanlal Bohra v. Assistant Commissioner of Income Tax (ACIT), the issue at hand revolved around th...

Are You Worried About Your ITR Filing for FY 2022-23?

17 May, 2023

Are You Worried About Your ITR Filing for ...

Introduction As the financial year has ended, many individuals and businesses find themselves concerned abou...

Partnership Firm Registration in Gurgaon

17 May, 2023

Partnership Firm Registration in Gurgaon

A partnership firm is a business arrangement where two or more individuals come together with the purpose of conducting...

Income Tax Department Accepts Cash Deposits Reflected as Sales and Rejects Section 69A Addition

16 May, 2023

Income Tax Department Accepts Cash Deposit...

The Ahmedabad ITAT has upheld the order of the CIT(A), which resulted in the deletion of an addition of Rs. 86.75 crore...

Challenging the Validity of Typographical Error: The Importance of Substantiating Claims in Tax Matters

16 May, 2023

Challenging the Validity of Typographical ...

The case at hand revolves around the applicability of Section 69C of the Income Tax Act, which deals with unexplained e...

5 May, 2023

Understanding the Choice of Method in Acco...

The method of accounting that an assessee chooses to use can significantly impact the computation of their income under...

5 May, 2023

Understanding the “Wholly and Exclus...

Any expenditure that is incurred solely and necessarily in relation to the transfer of a capital asset can be deducted ...

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