Understanding Tax Deduction for Virtual Digital Assets under Section 194S

19 Dec, 2023

Understanding Tax Deduction for Virtual Di...

Tax regulations in India impose certain responsibilities on individuals and entities involved in the transfer of virtua...

Books of Accounts cannot be rejected on the ground that GP rate is low as compared to earlier year

19 Dec, 2023

Books of Accounts cannot be rejected on th...

Introduction: In a recent decision, the Income Tax Appellate Tribunal (ITAT) Delhi Bench "G" set aside the order of the...

No additions could be made to income already assessed since no incriminating material was unearthed during the search

19 Dec, 2023

No additions could be made to income alrea...

Introduction: In a significant legal triumph, Meena Nayyar recently secured a favorable outcome in four separate income...

A Guide for Salaried Employees Before March 2024

18 Dec, 2023

A Guide for Salaried Employees Before Marc...

Introduction As March 2024 approaches, salaried employees find themselves at a crucial juncture for tax planning. Wi...

Strategic Tax Planning for Business Professionals: A Guide Before March 2024

18 Dec, 2023

Strategic Tax Planning for Business Profes...

Introduction As we approach the end of the financial year in March 2024, business professionals are presented with a...

Interest Waived Due to GST Portal Technical Issues: Kerala High Court’s Landmark Decision in M/s. Hilton Garden Inn Case

18 Dec, 2023

Interest Waived Due to GST Portal Technica...

In a significant legal development, the Hon’ble Kerala High Court, in the matter of M/s. Hilton Garden Inn v. Commiss...

GST Liability on Residential Property Rented for Commercial Use: AAR Rajasthan’s Ruling

18 Dec, 2023

GST Liability on Residential Property Rent...

In a significant ruling, the Authority for Advance Ruling (AAR), Rajasthan, addressed the complex issue of Goods and Se...

File Appeal before Commissioner of Income (CIT) Appeal

18 Dec, 2023

File Appeal before Commissioner of Income ...

Introduction Dealing with tax matters can be intricate and, at times, challenging. If you find yourself dissatisfied...

30 Days is a Reasonable Time Period for Filing Reply To Show Clause Notice of GST

18 Dec, 2023

30 Days is a Reasonable Time Period for Fi...

The Hon’ble Madhya Pradesh High Court, in a landmark decision dated November 20, 2023, addressed the matter presented...

7 Dec, 2023

Ajay Kumar Aggarwal vs Assistant Commissio...

Introduction: In a recent landmark decision, the Income Tax Appellate Tribunal (ITAT) issued a significant verdict i...

7 Dec, 2023

Acquiring more than one residential house ...

Introduction In a recent decision by the Income Tax Appellate Tribunal, Delhi Bench 'A,' New Delhi, dated April 5, 2...

7 Dec, 2023

The unsecured loan is not accommodation en...

Introduction In the realm of tax disputes, the Income Tax Appellate Tribunal, Delhi Bench, recently rendered a signi...

7 Dec, 2023

Income Tax Appellate Tribunal Decides on E...

Introduction: The Income Tax Appellate Tribunal, Delhi Bench, recently ruled on the matter of Reloy Shield Private L...

7 Dec, 2023

Role of Chartered Accountants (CAs) in Nav...

Introduction: Taxpayers often find themselves entangled in the complex web of income tax notices and litigations, na...

7 Dec, 2023

Role of Chartered Accountants in Tax Plann...

Introduction Tax planning and compliance are integral components of financial management, impacting both businesses ...

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