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Blog, News, Account & Audit

January 10, 2023

[Illustrative Checklist] Disclosure Requirements under Ind AS 7 | Statement of Cash Flow

Disclosure requirements under Ind AS … Continue reading “[Illustrative Checklist] Disclosure Requirements under Ind AS 7 | Statement of Cash Flow”

Blog, News, Income Tax

December 12, 2022

No disallowance if purchases made on last day not shown under closing stock as same was included in sales: ITAT

Case Details: ITO v. Pravinbhai … Continue reading “No disallowance if purchases made on last day not shown under closing stock as same was included in sales: ITAT”

Blog, News, International Tax

December 12, 2022

[World Tax News] Singapore releases E-Tax guide on tax exemptions for certain foreign-sourced income and more

World Tax News provides a … Continue reading “[World Tax News] Singapore releases E-Tax guide on tax exemptions for certain foreign-sourced income and more”

News, Blog, Insolvency and Bankruptcy Code

December 9, 2022

NCLT’s order directing CoC to consider RP of other resolution applicants submitted after CIRP was unsustainable: NCLAT

Case Details: Mohammed Enterprises (Tanzania) … Continue reading “NCLT’s order directing CoC to consider RP of other resolution applicants submitted after CIRP was unsustainable: NCLAT”

Blog, News, Income Tax

December 9, 2022

CBDT issues circular on TDS from salaries for Financial Year 2022-23

Circular No. 24/2022, dated 07-12-2022 … Continue reading “CBDT issues circular on TDS from salaries for Financial Year 2022-23”

Blog, News, Income Tax

December 9, 2022

Only profit element to be added as income if there was diff in turnover declared in P&L and Sales Tax order: ITAT

Case Details: Nikhil Garg v. … Continue reading “Only profit element to be added as income if there was diff in turnover declared in P&L and Sales Tax order: ITAT”

Blog, News, GST & Customs

December 9, 2022

HC rejected application for registration under GST for failure to disclose principal place

Case Details: B.C.Mohankumar Sole Proprietor … Continue reading “HC rejected application for registration under GST for failure to disclose principal place”

News, Blog, GST & Customs

December 9, 2022

[Opinion] Special Valuation Branch (SVB) under Customs – Valuation for Goods imported from Related Parties

CA Ravi Kumar Somani & … Continue reading “[Opinion] Special Valuation Branch (SVB) under Customs – Valuation for Goods imported from Related Parties”

Blog, News, Income Tax

December 8, 2022

A transaction can’t be treated as Benami if alleged beneficial owner is actually the joint owner of property: ITAT

Case Details: ACIT v. Tupelo … Continue reading “A transaction can’t be treated as Benami if alleged beneficial owner is actually the joint owner of property: ITAT”

Blog, News, Income Tax

December 8, 2022

[Opinion] Perplexity on claim of Foreign Tax Credit of State taxes paid in countries with which India has DTAA

Deepak Goel – [2022] 145 … Continue reading “[Opinion] Perplexity on claim of Foreign Tax Credit of State taxes paid in countries with which India has DTAA”