In past couple of years, there have been notable updates to India’s Goods and Services Tax (GST) and Tax Collection at Source (TCS) under Income Tax Act, 1961 regulations affecting travel agents and ...

Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s contribution has decreased from more than ...

So accordingly Maximum Rate of Tax should be 25% for Individual, HUF, AOP and BOI. Same way tax on Firms, LLP and Companies should be 25%. Standard Deduction which was increase from 50,000 to 75,000 ...

If you are a Business Owner or an Entrepreneur or a Professional, this write-up is for you. -Every time a new year approaches, we take resolutions for the upcoming year. -This time take resolutions ...

Noted that, Section 73 of the Central Goods and Services Tax Act, is only attracted when it appears to proper officer that any tax has not been paid or short paid or erroneously refunded or where ...

Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...

CESTAT Kolkata held that Asansol Durgapur Development Authority [ADDA] performing sovereign functions on behalf of the State Government of West Bengal is exempt from service tax. Accordingly, service ...

But his appointment was denied due to the pendency of a criminal case under Section 498A IPC. It also must be disclosed here that the rejection was premised on a circular that barred candidates with ...

Long Incarceration Can’t Lead To Bail When Case Involves Transnational Terrorism, Anti-National Activities: Delhi HC ...

In the case abovementioned ITAT have held that there is no need to purchase residential property in own name by any assesseee for the purpose of claim of capital gain u/s 54F.

ITAT Chennai held that cash collected from customers for purchase of stamp papers were deposited in bank hence source of cash deposits duly explained. Thus, addition towards unexplained cash deposits ...

ITAT Chennai held that estimation of 8% as income on the total receipt by AO is justifiable since assessee failed to substantiate its claim of earning 5% commission on total receipt. Accordingly, ...