Blog

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

December 26, 2024

[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”

Blog, Income Tax

May 31, 2024

Understanding Income Tax Provisions for Indian Online Gaming Companies

Indian online gaming companies must … Continue reading “Understanding Income Tax Provisions for Indian Online Gaming Companies”