Key Highlight of the GST Council 52nd Meeting

An Excellent Representation for the amnesty scheme for Partnership Firm by BJP CA Cell, Mumbai

Outstanding balances for more than one year can be treated as income of the Assessee?

Saving Tax on income from investment in Share market

GSTN Advisory in respect of introduction of Compliance Pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GST-R3B)

GSTN Advisory: Temporary / Short Period Pause in e-InvoiceAuto Population into GSTR-1

Delay of 433 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application

Highlights of amended Rule 11 UA notified on 25 Sept.2023

Appellate Authority Cannot Condone Delay in Filing GST Appeal For More Than One Month Beyond Prescribed Period: Kerala High Court Dismisses Writ Petition

Delhi HC allows deduction of EPF paid on a day after the national holiday

Chennai ITAT deleted partial addition of cash deposited during demonetisation and ordered taxation at Normal Tax Rate for other additions

Reopening of the case on borrowed satisfaction and change of opinion is not permissible: Bombay High Court

Numerous GST notices issued to the taxpayers get GST notices for FY 2017-18

More than 30 lakh Audit Reports filed till 30th September, 2023, on the e-filing portal of the Income Tax Department

If a loan or advance is given to a shareholder for the benefit of the company, it doesn’t qualify as a deemed dividend under section 2(22) of the Income Tax Act.

14 Changes in the GST Law – Effective from 01.10.2023

Tax collection at source @ 20% on foreign remittances

Non disclosure of foreign assets in the ITR-may result in fine of Rs. 10 Lakh