[Analysis] Capital Gains Scheme Account – Why Deposits Won’t Reduce Taxes from 20% to 12.5%?

The Capital Gains Account Scheme (CGAS) is a tax-saving mechanism…

[Analysis] Proposed Changes to Rights Issue Process – Key Amendments and Impact

A Rights Issue is a method of raising capital where…

AO’s Order Wasn’t Erroneous if He Applied Beneficial Provision Basis of Article 7 of India-UAE DTAA | ITAT

Case Details: Avana Global FZCO vs. Commissioner of Income-tax (International…

GSTN Introduces New RCM Liability/ITC Statement

GSTN Update dated August 23rd, 2024 The GSTN has issued…

GSTN Issued Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF

GSTN Update dated August 23rd, 2024 The GSTN has issued…

Tax Audit Checklist on Clause 24 of Form 3CD Under the Income Tax Act, 1961

Clause 24 of Form 3CD requires tax auditors to report…

[Analysis] Block Assessment Scheme under the Finance (No. 2) Act 2024

The block assessment scheme is a procedure for assessing undisclosed…