GSTRs 8,000 Crore GST Scam: Chartered Accountant Arrested for Massive Fraud31 Oct 20240Rs 8,000 Crore GST Scam: Chartered Accountant Arrested for Massive Fraud A huge GST scam worth Rs 8,000 crore…
GSTGujarat man booked of ₹ 8000 Crore GST fraud in 4 year31 Oct 20240Gujarat man booked of ₹ 8000 Crores GST fraud in 4 year Modus Operandi: Collecting PAN and Aadhaar from…
TDSA big relief to Kingfisher’s employees, where TDS deducted by the company from Employees salary but not deposited with Govt By: Delhi High Court31 Oct 20240A big relief to Kingfisher’s employees, where TDS deducted by the company from Employees salary but not deposited with Govt…
Income TaxCan ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the vehicle after using it for a defined period of time ?31 Oct 20240Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the…
Income TaxCash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur30 Oct 20240Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur Facts: 1. AO…
Income Tax𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐎𝐟𝐟𝐢𝐜𝐞𝐫30 Oct 20240𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲…
Income TaxRequest for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4 NBFC (Ind AS), MGT-7, MGT-7A for the Financial Year ended 31.03.2024 without levying additional fee29 Oct 20240Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4…
GSTGST On Metal Scrap29 Oct 20240GST On Metal Scrap Ministry of Finance has widened the scope of GST-TDS by bringing metal Scrap into ambit…
TDSNo denial of sec. 194Q TDS credit as ‘Kachha Arhatia’ had no domain over goods sold to principal buyers29 Oct 20240No denial of sec. 194Q TDS credit as ‘Kachha Arhatia’ had no domain over goods sold to principal buyers Kamlesh…
Income TaxBUYING OR RENTING A HOUSE: WHICH ONE IS BETTER?28 Oct 20240BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER? For many Indians, owning a home is not just a goal—it’s…
GSTITC eligible for Leasing/Renting/hiring of Motor Vehicles for Women employees safety and security26 Oct 20240ITC eligible for Leasing/Renting/hiring of Motor Vehicles for Women employees safety and security In the recent case of M/s.…
Income TaxNon disposal of application for trust registration within 6 months cannot be construed as deemed registration:26 Oct 20240Non disposal of application for trust registration within 6 months cannot be construed as deemed registration: Case Title: The…
Income TaxWill Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial ownership?26 Oct 20240Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial…
Income TaxAssessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi25 Oct 20240Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi Recently by order dated 16.10.2024 passed…
Income TaxDelay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT23 Oct 20240Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT …
Income TaxBrought forward depreciation loss can be set off only against business income and cannot be set off against income from any other source23 Oct 20240Brought forward depreciation loss can be set off only against business income and cannot be set off against income from…
Income TaxCan a TPO question the commercial expediency of a business transaction?23 Oct 20240Can a TPO question the commercial expediency of a business transaction? 1. The Transfer Pricing Officer’s (TPO) role is…
Income TaxBanks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court23 Oct 20240Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court …