GSTAssessee entitled to interest on GST Refund from the date of expiry of 60 days from the date of first application even if succeeded in appeal31 May 20240Assessee entitled to interest on GST Refund from the date of expiry of 60 days from the date of first…
Income TaxCBDT issues notification on selection of cases for tax scrutiny.31 May 20240CBDT issues notification on selection of cases for tax scrutiny. The Central Board of Direct Taxes (CBDT), earlier this…
GSTAdvisory on launch of E-Way Bill 2 Portal31 May 20240Advisory on launch of E-Way Bill 2 Portal The copy of the order is as under: Advisory on…
Income TaxCSR Expenditure Is Mandatory, Does Not Justify Disallowance Of Section 80G Deduction: ITAT30 May 20240CSR Expenditure Is Mandatory, Does Not Justify Disallowance Of Section 80G Deduction: ITAT Interglobe Technology Quotient Private Limited, (ITA…
GSTInvoicing Under GST: An Overview30 May 20240Invoicing Under GST: An Overview When to create GST Invoice? In case you are a GST registered business i.e. a…
Income TaxDate of possession to be considered as date of purchase of property for claiming exemption u/s 5430 May 20240Date of possession to be considered as date of purchase of property for claiming exemption u/s 54 Sunil Amritlal…
GSTAppellate Authority dismisses appeal due to payment of pre-deposit in Electronic Credit Ledger rather than Electronic Cash Ledger.29 May 20240Appellate Authority dismisses appeal due to payment of pre-deposit in Electronic Credit Ledger rather than Electronic Cash Ledger. In…
GSTTDSCOMPLIANCE CALENDAR FOR JUNE, 202429 May 20240COMPLIANCE CALENDAR FOR JUNE, 2024 Date Particulars TDS/TCS 7th TDS/TCS Payment for May, 2024 Income Tax 15th Advance Tax…
Income TaxLiquidated damages received for delay in supply of assets are capital receipts: ITAT Kolkata28 May 20240Liquidated damages received for delay in supply of assets are capital receipts: ITAT Kolkata Itc Limited, Kolkata vs Acit, Range-8,…
Income TaxSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai28 May 20240Sec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai Gopalkrishna Pandu Shetty Vs…
Income TaxDon’t forget to file statement of financial Transaction (SFT) by 31st May28 May 20240Don’t forget to file statement of financial Transaction (SFT) by 31st May SFT – The Power tool of Information: The Statement…
GSTBombay High Court allowed the supplier to correct the GSTIN of the buyer in its GSTR-1 for FY 2018-19 so that buyer can avail ITC.28 May 20240Bombay High Court allowed the supplier to correct the GSTIN of the buyer in its GSTR-1 for FY 2018-19 so…
Income TaxManner of Service of Notice discussed by P & H High Court28 May 20240Manner of Service of Notice discussed by P & H High Court In a recent decision, the Punjab and…
GSTIncome TaxHow maintaining proper records saved a taxpayer’s right to avail ITC even when the supplier defaulted in payment of taxes and filing returns28 May 20240How maintaining proper records saved a taxpayer’s right to avail ITC even when the supplier defaulted in payment of taxes…
Income TaxIncorrect reporting in Clause No. 21 of CARO: ICAI’s disciplinary committee ordered a penalty of Rs.100,000/- on member27 May 20240Incorrect reporting in Clause No. 21 of CARO: ICAI’s disciplinary committee ordered a penalty of Rs.100,000/- on member ICAI’s…
GSTGST Judiciary Issue Cannot Be Reopened if Previously Decided27 May 20240GST Judiciary Issue Cannot Be Reopened if Previously Decided Here is an important judgement by Madras High Court on…
Income TaxIncome tax return vis a vis Tax Regime from AY 2024-25 Onwards: Points to Remember27 May 20240Income tax return vis a vis Tax Regime from AY 2024-25 Onwards: Points to Remember Here are few important Points…
Income TaxWhether legal representative is under an obligation to intimate about the death of the taxpayer to the IT Department?27 May 20240Whether legal representative is under an obligation to intimate about the death of the taxpayer to the IT Department? …