Understanding TDS Compliance: Filing, Implications, and Actions to be Taken

8 Feb, 2025

Understanding TDS Compliance: Filing, Impl...

Tax Deducted at Source (TDS) compliance is an essential responsibility for deductors under the Income Tax Act, 1961. If...

Clarification on E-Way Bill Requirement for Goods under Chapter 71

7 Feb, 2025

Clarification on E-Way Bill Requirement fo...

The Goods and Services Tax (GST) framework in India mandates the generation of an E-Way Bill (EWB) for the movement of ...

Donation of Political Parties May Now Subject to Scrutiny: Genuine or Bogus?

29 Jan, 2025

Donation of Political Parties May Now Subj...

Donations made to political parties qualify for deductions under the Income Tax Act, 1961, under Section 80GGC. This pr...

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh

28 Jan, 2025

Advisory for Biometric-Based Aadhaar Authe...

We wish to inform you of recent developments regarding the GST registration process that may impact your application. T...

Assessee Justifies Family-Sourced Funds with Clear Evidence Before Tax Authorities

27 Jan, 2025

Assessee Justifies Family-Sourced Funds wi...

Background of the CaseThe Income Tax Appellate Tribunal (ITAT), Ahmedabad, “C” Bench, delivered its judgmen...

ITAT Rules Rs. 50 Lakh Investment in REC Bonds Within Six-Month Period for Eligibility U/s 54EC for Depreciable Assets

27 Jan, 2025

ITAT Rules Rs. 50 Lakh Investment in REC B...

An appeal has been filed by the Assessee challenging an order passed by the Learned Commissioner of Income Tax (Appeals...

Deduction Under Section 54 Denied If Conditions Are Not Fulfilled

24 Jan, 2025

Deduction Under Section 54 Denied If Condi...

The recent case, Mohan Lal Jain vs. ACIT (ITA No. 746/Del/2023), concerning the Assessment Year (A.Y.) 2017-18, dea...

Important Ruling for NRIs: Section 54 Exemption on Overseas Residential Investments Prior to A.Y. 2015–16

13 Jan, 2025

Important Ruling for NRIs: Section 54 Exem...

IntroductionThe Income Tax Appellate Tribunal (ITAT), Mumbai, in its recent ruling on ITA No. 1739/Mum/2024...

India-USA DTAA: ITAT Applies Tie-Breaker Rule and Concludes Assessee is Resident of India Based on Personal and Economic Relationships

11 Jan, 2025

India-USA DTAA: ITAT Applies Tie-Breaker R...

This appeal, filed by Mr. Ashok Kumar Pandey, pertains to the assessment year 2013–14 and challenges the order passed...

ITAT Validates Opting for Old Tax Regime After Filing Form 10-IE: Clarifies It is Not a Case of Revised ITR Withdrawing the Option

10 Jan, 2025

ITAT Validates Opting for Old Tax Regime A...

The Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” recently deliberated on a notable case concerning the tax...

Advisory on HSN Validations in Table 12 of GSTR-1

10 Jan, 2025

Advisory on HSN Validations in Table 12 of...

The Goods and Services Tax (GST) framework has introduced several enhancements to the reporting of Harmonized Syste...

Tax Audit Report Delays Are Justified U/s Section 273B: ITAT Deleted Penalty u/s 271B

9 Jan, 2025

Tax Audit Report Delays Are Justified U/s ...

IntroductionThe Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” recently delivered a significant judg...

Procedural Aspects in E-Way Bill Generation In GST

9 Jan, 2025

Procedural Aspects in E-Way Bill Generatio...

The E-Way Bill is an important compliance mechanism under GST (Goods and Services Tax) in India, designed to ensure...

Guide to E-Way Bills in India: Rules, Applicability, and Benefits

9 Jan, 2025

Guide to E-Way Bills in India: Rules, Appl...

Introduction to E-Way Bills in IndiaAs per Indian regulations, the movement of goods valued over ₹50,000 requ...

GST Portal Activates Filing of Application for Rectification Under Notification No. 22/2024-CT

8 Jan, 2025

GST Portal Activates Filing of Application...

The Central Government, acting on the recommendations of the 54th GST Council, issued Notification No. 22/2024-CT o...

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