Blog

Blog, News, Income Tax

June 3, 2024

CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A

Notification No. 48/2024, dated, 31-05-2024 … Continue reading “CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A”

Blog, News, Income Tax

June 3, 2024

Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC

Case Details: Khandelwal Rubber Products … Continue reading “Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC”

Blog, Income Tax

June 1, 2024

Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices

The Annual Information Statement (AIS) … Continue reading “Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices”

Blog, News, Account & Audit

June 1, 2024

Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116

The lessee can account for … Continue reading “Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116”

News, Blog, GST & Customs

June 1, 2024

HC Sets Aside Assessment Order Against Assessee Who Used IGST Credit for CGST & SGST, as IGST Credit for SGST Flowed to West Bengal

Case Details: Cosyn Ltd. v. … Continue reading “HC Sets Aside Assessment Order Against Assessee Who Used IGST Credit for CGST & SGST, as IGST Credit for SGST Flowed to West Bengal”

Blog, News, GST & Customs

June 1, 2024

HC Directs Assessee to File Refund Application Manually if There Was No Option to File Supplementary Refund Claim

Case Details: Shree K R … Continue reading “HC Directs Assessee to File Refund Application Manually if There Was No Option to File Supplementary Refund Claim”

Blog, News, FEMA & Banking

June 1, 2024

RBI Launches PRAVAAH Portal for Streamlined Regulatory Approvals and Clearances

Press Release: 2024-2025/393, Dated 28.05.2024 … Continue reading “RBI Launches PRAVAAH Portal for Streamlined Regulatory Approvals and Clearances”

Blog, News, Company Law

June 1, 2024

[Opinion] Company and Its Directors Penalized for Filing Unsigned Financial Statements and Enclosures by the ROC

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] Company and Its Directors Penalized for Filing Unsigned Financial Statements and Enclosures by the ROC”

News, Blog, Income Tax

June 1, 2024

Share Application Money is Neither Loan Nor Deposit | Provisions of Sec. 269SS and 269T Not Attracted | HC

Case Details: CIT vs. Vamshi … Continue reading “Share Application Money is Neither Loan Nor Deposit | Provisions of Sec. 269SS and 269T Not Attracted | HC”

Blog, News, International Tax

January 16, 2025

[World Tax News] Italy Introduces Tax Credit for Purchasing Recycled Plastic and Packaging Products and More

Editorial Team – [2024] 162 … Continue reading “[World Tax News] Italy Introduces Tax Credit for Purchasing Recycled Plastic and Packaging Products and More”