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Blog, News, Account & Audit

July 2, 2024

Tax Audit Checklist on Clause 16 of Form 3CD Under Income Tax Act, 1961

Clause 16 of Form 3CD, … Continue reading “Tax Audit Checklist on Clause 16 of Form 3CD Under Income Tax Act, 1961”

Blog, News, Income Tax

July 2, 2024

AO is to Hold Personal Hearing in Designated Area of Tax Office If Video Conference Facility is Not Available | HC

Case Details: Fusion Granito (P.) … Continue reading “AO is to Hold Personal Hearing in Designated Area of Tax Office If Video Conference Facility is Not Available | HC”

Blog, News, Income Tax

July 2, 2024

AO Can’t Raise Tax Demand After Co. Was Revived and Rehabilitated by New Management Under IBC

Case Details: National Sewing Thread … Continue reading “AO Can’t Raise Tax Demand After Co. Was Revived and Rehabilitated by New Management Under IBC”

Blog, News, Account & Audit

July 1, 2024

Handling Debit Balances in Capital Reserves Post Merger | Accounting and Disclosure

The merger of subsidiary with … Continue reading “Handling Debit Balances in Capital Reserves Post Merger | Accounting and Disclosure”

Blog, News, Income Tax

July 1, 2024

CBDT Allows E-Filing for Forms 3CN, 3CS, 3CEC, 3CEFB, 59, and 59A

Notification no. 01/12024-25, dated 24-06-2024 … Continue reading “CBDT Allows E-Filing for Forms 3CN, 3CS, 3CEC, 3CEFB, 59, and 59A”

Blog, News, Income Tax

July 1, 2024

Govt. Keeps Interest Rates of Small Savings Schemes Unchanged for 2nd Quarter of FY 2024-25

Notification No.1/4/2019-NS, dated 28-06-2024 The … Continue reading “Govt. Keeps Interest Rates of Small Savings Schemes Unchanged for 2nd Quarter of FY 2024-25”

News, Blog, Income Tax

July 1, 2024

Provisions of Sec. 13 Not Applicable to Charitable Society Notified u/s 10(23C) Along with Sec. 12A | ITAT

Case Details: Income Tax Officer … Continue reading “Provisions of Sec. 13 Not Applicable to Charitable Society Notified u/s 10(23C) Along with Sec. 12A | ITAT”

Blog, News, GST & Customs

July 1, 2024

HC Directs Dept. to Unblock ITC of Assessee Since Blocking of ITC Is Only for a Period of One Year Which Is Already Lapsed

Case Details: Padmavathi Electrometals (P.) … Continue reading “HC Directs Dept. to Unblock ITC of Assessee Since Blocking of ITC Is Only for a Period of One Year Which Is Already Lapsed”

Blog, News, GST & Customs

July 1, 2024

HC Directed Refund of Amount Encased by Tax Authorities as No GSTAT Was Constituted to File Appeal

Case Details: Cultgear (P.) Ltd. … Continue reading “HC Directed Refund of Amount Encased by Tax Authorities as No GSTAT Was Constituted to File Appeal”

Blog, News, Company Law

July 1, 2024

HC Protects Applicant’s Property Post Winding-Up as Sale Agreement with MIDC Approval Was Deemed Fair and Bona Fide

Case Details: Helbon Engineers (P.) … Continue reading “HC Protects Applicant’s Property Post Winding-Up as Sale Agreement with MIDC Approval Was Deemed Fair and Bona Fide”