Tax Audit Checklist on Clause 16 of Form 3CD Under Income Tax Act, 1961

Clause 16 of Form 3CD, requires the tax auditor to…

AO Can’t Raise Tax Demand After Co. Was Revived and Rehabilitated by New Management Under IBC

Case Details: National Sewing Thread Co. Ltd. vs. Deputy Commissioner…

Handling Debit Balances in Capital Reserves Post Merger | Accounting and Disclosure

The merger of subsidiary with the parent means that the…

CBDT Allows E-Filing for Forms 3CN, 3CS, 3CEC, 3CEFB, 59, and 59A

Notification no. 01/12024-25, dated 24-06-2024 The Central Board of Direct…

Govt. Keeps Interest Rates of Small Savings Schemes Unchanged for 2nd Quarter of FY 2024-25

Notification No.1/4/2019-NS, dated 28-06-2024 The Ministry of Finance has announced…

HC Directs Dept. to Unblock ITC of Assessee Since Blocking of ITC Is Only for a Period of One Year Which Is Already Lapsed

Case Details: Padmavathi Electrometals (P.) Ltd. v. Assistant Commissioner of…

HC Directed Refund of Amount Encased by Tax Authorities as No GSTAT Was Constituted to File Appeal

Case Details: Cultgear (P.) Ltd. v. Commercial Tax Officer (Enf)…