Taxation and Other Aspects of Private Trusts – Overview | Strategic Considerations | Types
A Private Trust is a legal arrangement where one party,…
June 3, 2024
HC Restored Registration of Assessee Which Was Cancelled by Merely Mentioning “Obtained by Fraud or Misstatement or Suppression”
Case Details: T S R Exports v. Superintendent, GST -…
June 3, 2024
Recovery Proceedings u/s 79 Can Be Initiated Before 3 Months Only in Exceptional Cases, Detailed Instructions Issued by CBIC
Instruction No. 01/2024-GST dated May 30th, 2024 The CBIC has…
June 3, 2024
Checklist for Clause 9 and 10 of Form 3CD in Tax Audit under the Income Tax Act, 1961
Clause 9(a) of Form 3CD requires details regarding partners/members of…
June 3, 2024
HC Allows Dissolution Plea as Company Had No Further Assets to Realize, Making Pending Winding-up Proceedings Purposeless
Case Details: Bank of India v. Sarvodya Paper Mills Ltd.…
June 3, 2024
CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A
Notification No. 48/2024, dated, 31-05-2024 The Central Government has notified…
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 (P.) Ltd. vs. Commissioner of…
June 3, 2024
Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices
The Annual Information Statement (AIS) is a comprehensive statement containing…
June 1, 2024
Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116
The lessee can account for the lease modification either as…
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. Assistant Commissioner of State Tax…
June 1, 2024