NEW TAX REGIME: NO TAX ON INCOME OF RS. 7 LAKH* [* Terms & Condition Apply]

Mode & Way to form HUF

Validity of assessment framed u/s 143(3) vis a vis issuance of notice U/s 143(2) by non- jurisdictional ITO

Addition of Rs.344.55 Cr during assessment proceeding with less than 72 Hours to reply to SCN: Assessment quashed by Bombay HC for de-novo consideration by AO.

Hon’ble SC upheld strict adherence to the Time Limit for Refunds

Filing of Form MSME- 1

GST Rate and HSN Code for Products of Iron and Steel

Notional interest income cannot be taxable under the real income principle: Mumbai ITAT

Goods which are returned need not be necessarily accompanied with a Credit Note: Madras HC

GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

Excessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad

GSTR-7 Under GST: An Overview

Whether weekends can be counted for the purpose of period for which notice is given?

HC permitted assessee to submit representation before concerned GST Authority for rectifying inadvertently displayed TDS number

Whether proceedings can be continued against the legal representatives in case of default committed by a deceased?

Whether an assessment of a Non-Resident Indian (NRI) can be reopened when all investments were made from an NRE account and the NR has failed to file its return of income

Penalty of  Rs. 16.09 lakhs for not reporting dues of 18.58 Lakh in MSME – I 

Additions cannot be made based on profit assumptions: Punjab & Haryana HC