12 Jan, 2024

Mandate on Dematerialization of Securities...

In the ever-evolving landscape of financial markets, dematerialization has emerged as a pivotal concept, reshaping the ...

Provisions on maintenance of Books of Accounts under the Companies act

12 Jan, 2024

Provisions on maintenance of Books of Acco...

In today's business world, technology has changed the way companies manage their records, especially when it comes to b...

Purchase of immovable property in India by Non-Resident Individuals

11 Jan, 2024

Purchase of immovable property in India by...

Introduction: Investing in real estate in India offers a promising prospect for Non-Resident Indians (NRIs) and Over...

Purchase of immovable property outside India by Resident Individuals

10 Jan, 2024

Purchase of immovable property outside Ind...

Introduction: In today's interconnected world, the aspiration to own property beyond one's home country is increasingly...

Understanding the GST Implications of Personal and Corporate Guarantees

9 Jan, 2024

Understanding the GST Implications of Pers...

Introduction: In the ever-evolving landscape of Goods and Services Tax (GST) regulations, Circular No. 204/16/2023-G...

Pan-masala, Smoking, Hookah Company to report Details of Packing Machines

9 Jan, 2024

Pan-masala, Smoking, Hookah Company to rep...

Introduction: In a bid to bolster transparency and regulatory control in the manufacturing sector, the Central Gover...

GST in the Hospitality Sector

9 Jan, 2024

GST in the Hospitality Sector

Introduction The implementation of Goods and Services Tax (GST) has brought about significant changes in taxation ac...

Sale Commission payment held to be allowable as expenditure on Sale of Property

8 Jan, 2024

Sale Commission payment held to be allowab...

Introduction: Understanding the intricacies of capital gains computation is crucial for taxpayers, especially when i...

Conversion of Sole proprietary business to a Private Limited Company

8 Jan, 2024

Conversion of Sole proprietary business to...

Introduction: Navigating the labyrinth of tax laws becomes crucial, especially when it comes to intricate situations...

Transfer of capital asset to firm as capital contribution-Amount recorded in books of account of firm deemed to be full value of consideration

8 Jan, 2024

Transfer of capital asset to firm as capit...

Introduction: Understanding the intricate provisions of the Income-tax Act, 1961 is crucial, especially when it come...

Extended Deadline for Reporting Opening Balance in ITC Reversal Ledger

6 Jan, 2024

Extended Deadline for Reporting Opening Ba...

In our ongoing efforts to simplify and enhance your experience with the GST portal, we bring to your attention a crucia...

A Comprehensive Guide to New Functionalities for GTA Taxpayers

6 Jan, 2024

A Comprehensive Guide to New Functionaliti...

We are excited to bring you important updates on the latest functionalities available on the portal for GTA (Goods Tran...

Right of redemption in respect of stock appreciation rights (SARs) cannot be assessed as perquisite

5 Jan, 2024

Right of redemption in respect of stock ap...

Introduction: In the intricate world of income taxation, the recent legal battle in the case of Sumit Bhattacharya v...

Commission from employer is liable to be taxed as business income

5 Jan, 2024

Commission from employer is liable to be t...

Introduction: In the intricate realm of income tax, the case of Jalendra Sahoo v. ITO brings to light a compelling s...

Service rendered outside India  held to be not taxable in India-DTAA-India-USA

5 Jan, 2024

Service rendered outside India  held to be...

Introduction: In the ever-evolving landscape of international taxation, the case of DIT (IT) v. Sasken Communication...

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