Are you a taxpayer who has recently received an Income Tax Notice? Fret not! It’s not uncommon for individuals and businesses to receive notices from the Income Tax Department, especially with the increasing scrutiny on tax compliance. While receiving an Income Tax Notice can be intimidating, it’s essential to handle it with precision and seek …
Are you drowning in the complexities of Goods and Services Tax (GST) litigation? Is navigating through the ever-changing legal landscape of GST disputes proving to be a daunting task for your business? Fret not! Our esteemed CA firm in Gurgaon and Faridabad is here to help you unlock the burden of GST litigation with our …
Starting a new business venture can be a daunting task, but registering your startup doesn’t have to be. In India, the process of registering a startup has been made simpler and more accessible in recent years, with a range of government initiatives and online portals available to help entrepreneurs through the process. Whether you’re based …
A private limited company is a type of business structure that is commonly used by entrepreneurs and business owners. This type of company is considered to be a separate legal entity, which means that it is distinct from its owners. In India, a private limited company is governed by the Companies Act, 2013. One of …
Are you the owner of a proprietorship firm and looking to expand your business? Converting your proprietorship firm to a private limited company can be a great option for you! Not only does it provide you with more opportunities for growth, but it also offers several other benefits. And if you’re based in Gurgaon or …
As a responsible citizen, filing your Income Tax Return (ITR) is an important part of your financial obligations. Every year, the Income Tax Department of India mandates individuals and entities to file their ITRs, and non-compliance with the same can lead to penalties and legal consequences. If you are a taxpayer residing in Faridabad, Haryana, …
The Assessing Officer (AO) sent a reopening notice electronically to an assessee-company for the relevant year using the email address included in its ITR-6 filed for assessment year 2020-21. The assessee challenged the notice on the ground that it was not served as per the provisions of section 282 of the Income-tax Act. The assessee …
The Central Board of Direct Taxes (CBDT) has recently issued a notification that lists the various consequences that will be applicable to an individual if their PAN becomes inoperative due to non-linking with Aadhaar. In this regard, the CBDT has substituted Rule 114AAA of the Income-tax Rules, 1962 to specify the consequences that would follow. …
The Ahmedabad Income Tax Appellate Tribunal (ITAT) recently issued a ruling in a case involving an Indian company, Kalpataru Power Transmission Ltd., and a UAE-based service provider, Oilstone UAE. The case centered on whether payments made by the Indian company to the UAE service provider for design services were subject to Indian taxation. The ITAT …
In the case of Sambhav Energy Ltd. v. ACIT, the issue before the Income Tax Appellate Tribunal (ITAT) was the disallowance of a depreciation claim of Rs. 52.48 lakhs made by the assessee for Assessment year 2014-15. The Assessing Officer had disallowed the claim on the grounds that the assessee had not carried out any …
