3B 2A Mismatch – Madras HC
The Hon’ble Madras High Court in the case of M/S. RAINBOW STONES PRIVATE LIMITED, REPRESENTED BY ITS MANAGING DIRECTOR V. EDUKONDALU VERSUS THE ASSISTANT...
Works Contract Services under GST – Detailed Guide
REGISTRATION
There has always been a doubt over the requirement of registration for a person supplying Work Contract (hereinafter referred to as WCT) service because...
Limit of Gold Jewellery one can hold
There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance....
Whether GST registration should be cancelled retrospectively when the SCN issued is vague in...
The Hon’ble Delhi High Court in the case of M/S FRIENDS MEDIA ADD COMPANY VERSUS PRINCIPAL COMMISSIONER OF GOODS AND SERVICE TAX WEST DELHI...
Business Strategy Planning Support Services for SME’s
In the dynamic landscape of...
ITC of Food in Canteen for Employees
The Gujarat AAR in the matter of IN RE: M/S. KOHLER INDIA CORPORATION PVT LTD. - 2024 (1) TMI 703 - AUTHORITY FOR ADVANCE...
Decoding Section 12-A of the Commercial Courts Act, 2015
Section 12-A of the Commercial...
ITC of Works Construct for Building to be leased
The Hon’ble West Bengal Appellate Authority for Advance Ruling in the case of IN RE: M/S. MINDRILL SYSTEMS AND SOLUTIONS PRIVATE LIMITED - 2024...
Interest under Income Tax – A brief Discussion
Part F of Chapter XVII...
Demand order passed without issuance of a Show Cause Notice (“SCN”) are without legal...
The Hon’ble Allahabad High Court in the case of M/S YASH BUILDING MATERIAL VERSUS STATE OF U.P. AND 2 OTHERS - 2024 (2) TMI...
How To Save Tax Legally?
We've all heard the famous...
45 Day Rule Made for MSME’s Benefit is Hurting MSME’s very Badly – Here’s...
While the government has intended to protect MSMEs and ensure timely payments, this new regulation has raised concerns in the market and has led to...
Digital Personal Data Protection Act, 2023
The Digital Personal Data Protection Act, 2023 (hereinafter referred to as the "DPDP Act") is a landmark piece of legislation that aims to protect...
Employees Deposit Linked Insurance Scheme 1976
The Employees’ Deposit-Linked Insurance Scheme (EDLI) is an insurance scheme launched by the Employees Provident Fund Organisation (EPFO) of India in 1976. It provides...
Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 onwards – GST
This Tax Alert summarizes the recent Instruction issued by Central Board of Indirect Taxes and Customs (CBIC) prescribing Standard Operating Procedure (SOP) for scrutiny...
E-Appeal Scheme 2023
Notification No. 33/2023, dated 29-05-2023
The Finance Act 2023 introduced a new designated income tax authority of Joint Commissioner (Appeals) vide amendment in section...
Comprehensive Guide to gold purchases, possession limits and taxation in India
The withdrawal of Rs 2000 notes from circulation by the Reserve Bank of India (RBI) has allegedly caused a surge in individuals purchasing gold...
KPMG Faces Backlash after Clean Report Issuance on SVB and Signature Bank – Analyzing...
Accounting firm KPMG, one of the ‘Big 4’, that gave a clean chit to Silicon Valley Bank and Signature Bank, days before they collapsed,...
How co-lending is changing the way public sector banks lend.
Priority Sectors Lending is the role exercised by the RBI to banks, imploring them to dedicate funds for specific sectors of the economy like...
A glance of new insertion section 43B(h) – Payment to Micro or Small enterprise
The Finance Bill 2023 has a new insertion of clause (h) to section 43B of the Income Tax Act 1961. The said clause has...
No Set-off of losses if Income declared under presumptive schemes under section 44BB &...
Preventing misuse of presumptive schemes under section 44BB and section 44BBB.
1.Section 44BB of the Act provides for presumptive scheme in the case of a...
Proposing Tax Deductions in Budget 2023 for Alternative Tax Regime
As the 2023 Union Budget approaches, speculation is growing as to what relief measures it may contain. In the past, budgets have included benefits...
Tax Saving Options for Salaried Person
As we all know March 2023 is coming. This means financial year 2022-23 is about to end. Everyone looks for tax planning to save...
End of GST compensation to jolt six states most, says RBI
The economies of half-a-dozen states are set to be "most severely affected" because of the termination of the goods and services tax compensation programme...
Leveraging Cash Burn Audit for Chartered Accountants
Cash burn audit is a vital tool for post-investment activities in India and can be used to analyze the financial performance of companies and...
GST on EV Charging – Sale of Electricity or Service of Charging?
Where the Activity of charging qualifies as sale of Electricity, the same would be Exempted from GST. On the other hand, if it qualifies...
How to Reduce your Personal Income Tax for Salaried person in India A.Y. 2023-24
The Indian Income Tax Act, 1961 is the primary legislation governing taxation in India. It provides for all aspects of taxation, from levy and...
Structured Digital Database Compliance Certificate
All About STRUCTURED DIGITAL DATABASE Certificate
Unpublished Price Sensitive Information
Regulation 2(1)(n) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 defines the expression ‘unpublished...
After privatization of banks NITI Aayog gives job protection to the banks staff for...
Days after the NITI Aayog shortlisted the names of the public sector banks to be privatised in the current fiscal as part of the disinvestment process,...
Odisha faces Economic Challenges, reduction in Central shares, less GST Compensation.
Even as Odisha has recorded an overall GST collection of Rs 3,195.75 crore in May posting a growth of nearly 50 per cent (pc)...