GST Registration cancellation order set aside by Delhi HC
GST Registration cancellation order set aside by Delhi HC Calcutta High Court in the case of M/s. Sanjay Casting…
Income Tax
The Old vs. New Tax Regime Debate: Which benefits the Most?
The Old vs. New Tax Regime Debate: Which benefits the Most? In the last issue of The Tax Talk,…
*Working Capital as a backbone of business*
*Working Capital as a backbone of business* Proper management of working capital is essential to a company’s fundamental financial…
Whether employment includes self employment for the purpose of determining residential status under Income Tax Act?
Whether employment includes self employment for the purpose of determining residential status under Income Tax Act? Here is an…
Impact of Section 43B of Income Tax Act 1961
Impact of Section 43B of Income Tax Act 1961 Sec 43B prescribes certain sums which are to be allowed as…
Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai
Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai Facts: The appellant/assessee operates in…
Notional rent on unsold flats held as closing stock Vs. Revisionary powers under section 263 of the Income Tax Act, 1961
Notional rent on unsold flats held as closing stock Vs. Revisionary powers under section 263 of the Income Tax Act,…
Intricacies on deduction U/S 43Bfor payments made to MSMEs:
Intricacies on deduction U/S 43Bfor payments made to MSMEs: 1.Finance Act 2023 inserted clause (h) in Sec 43B,…
Exploring Changes: A Closer Look at the Modified New Tax Regime
Exploring Changes: A Closer Look at the Modified New Tax Regime Query 1] My total salary income for…
Composition Scheme under GST: An Overview
Composition Scheme under GST: An Overview Laws to ensure greater compliance without the need of maintaining records. This scheme…
If notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and assessment order is bad in law and liable to be quashed
If notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and…
Data Analytics used for recovering outstanding demands.
Data Analytics used for recovering outstanding demands. Recovery is expected by the Government to be around at least 50,000…
Madras High Court quashed GST Order Passed under S73(9) for difference in GSTR 1 and GSTR 3B for FY 2017-18, without opportunity of being heard under S75(4)
Madras High Court quashed GST Order Passed under S73(9) for difference in GSTR 1 and GSTR 3B for FY 2017-18,…
Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills
Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills FACTUAL MATRIX: The…
ITC on CSR Expenses
ITC on CSR Expenses Corporate Social Responsibility (CSR) implies a concept, whereby companies decide voluntarily to contribute to a…
Taxation of Employee Stock Option Plan (ESOP)
Taxation of Employee Stock Option Plan (ESOP) The biggest assets of any organisation are its human resources. Retaining &…
Can ITC be availed on purchase of spare parts for repair of motor vehicles ?
Can ITC be availed on purchase of spare parts for repair of motor vehicles ? Input tax credit(ITC) is taxes…
Delhi HC condones delay in filing Form 10 :
Delhi HC condones delay in filing Form 10: BAR COUNCIL OF INDIA (W.P.(C) 4330/2019) Facts: The petitioner, through a writ…
