In a recent ruling Kolkata Bench of ITAT dismissed appeal filed by the revenue on the issues of Contribution to approved Superannuation Fund to part fund the gap in Actuarial Valuation u/s 36 (1) (iv) ...

The issue pertains to whether ‘gur’ and ‘jaggery’ as per Schedule III of the Tamil Nadu General Sales Tax Act, 1959 are different commodities or whether they are one and the same for the purpose of ...

Timely disclosure by the due date under Section 139 (1) is crucial to avoid penalties. Belated or revised returns can be filed until December 31, 2024, if foreign income or assets were missed earlier.

d. GST rate on trauma, spine, and arthroplasty implants falling under HSN 9021 attract 5% and the past periods are regularized on an “as is where is” basis. It is clarified that no refunds will be ...

Insights into Section 122 of the CGST Act, 2017 and Rule 142 Section 122 of the Central Goods and Services Tax (CGST) Act, 2017, prescribes penalties for various offences related to GST compliance.

4. Section 22 of the CGST Act, 2017 provides for persons liable for registration and Section 24 provides for compulsory registration in certain cases. On the other hand, Section 23 provides for ...

Paying tax with a credit card can be a good option. But it requires financial diligence. Seek professional help before using a credit card for taxes, especially for first-time filers or those needing ...

Delhi High Court held that non-issuance of notice under section 143 (2) of the Income Tax Act is in grave contradiction to ...

In a recent ruling ITAT Mumbai dismissed appeal filed by the revenue and confirmed order of the CIT (A) in treating the income/compensation received from the transaction in agricultural land as ...

The GST Council in its 55th GST Council meeting held on 21st December 2024, has announced an increase in the GST rate on old and used cars from 12% to 18%, raising questions among buyers and sellers ...

The procedure to obtain a FSSAI Registration/License through the FosCos Portal is described below; ...

Understanding Different Entity Structures in India and Their Key Differences > Apply Pan Card & Adhar Card of Individual > ...