GSTN Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B) 29/06/2023

Date for applicability of new TCS rate extended to 1st October,2023.

Assessment order cannot be passed only against one legal heir: Delhi HC

GST ITC Available On Work Contract Services For The Construction Of Hotel Building-Tripura High Court

Cost of management services paid to group companies cannot be considered as nil, if documentation is robust: ITAT

Draft Declaration that can be obtained by CA & Tax Consultants from Assessee before filing of ITR – Need of the Hour

Taxation of Flat and payment receivable on Joint Development Agreement with the Builder

Deemed Dividend Cannot Be Taxed In The Hands Of Non-Shareholders- ITAT

GST Fake registration: GST Guidelines for processing of registration application vide Instructions No. 3/2023

Order U/S 148A(d) is not a final assessment order, writ against the order is dismissed: Calcutta HC

CBDT amends rules to incorporate new tax regime and notifies new Form 10IEA:

All about Section 115BAC & Form No. 10BEA as per CBDT notification No. 43 Dt. 21.6.23.

ED attached the properties and bank balance of a CA & Statutory auditor of Shakti Bhog Foods Ltd

Rule 21AGA inserted in the Income Tax Rules to provide for exercising of option under section 115BAC (1A)(6) of the Income Tax Act-1961, Form No. 10IEA  prescribed

Notice U/S 143(2) is a precondition for income tax assessments in limited scrutiny cases: Madras HC

Interest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai

Absence of Formal Loan Agreement or Repayment Schedule Does Not Justify Treating Unsecured Loan as Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT

Capital Gain Tax on Sale of Inherited property