What is Cryptocurrency? How people earn money from it?
What is Cryptocurrency? How people earn money from it?
If an Indian farmer earns more than 1cr, then how much does he need to pay tax?
In India, agricultural income is exempt from income tax under Section 10(1) of the Income Tax Act, 1961. However, this exemption is subject to certain conditions and intricacies, especially when…
How to convert Partnership firm to LLP and their benefits?
How to convert Partnership firm to LLP? What are the tax benefits in LLP?
Property Used for Religious Purpose Barred from Sec. 54F Relief – ITAT
Property Used for Religious Purpose Ineligible for Sec. 54F Relief - ITAT
ITAT Revokes Penalty-Tax Officer rejected TaxPayers Explanation merely on Suspicion
In a case where the taxpayer received an unsecured loan of Rs. 6.38 lakhs from a party and claimed that during the year, they had sold goods amounting to Rs.…
Firm Not Required to Charge Interest/Salary per Partnership Deed: ITAT Surat
Firm Not Required to Charge Interest/Salary per Partnership Deed: ITAT Surat
No Action on GST SCN During Review Application – Bombay High Court
The Bombay High Court has recently addressed a case involving the Goods and Services Tax (GST) where the court had previously directed the authorities to issue a refund to the…
CBIC Extends Deadline for Section 73 Orders for FY 2018-19 & 2019-20
SECTION 168A, READ WITH SECTION 73 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 - POWER OF GOVERNMENT TO EXTEND TIME LIMIT IN SPECIAL CIRCUMSTANCES - EXTENSION OF TIME…
Audit Trail Requirement in Corporate Accounting in India
IntroductionThe Ministry of Corporate Affairs (MCA), through its notification dated March 24, 2021, amended the Companies (Audit and Auditors) Rules, 2014. This amendment, specifically to Rule 11, introduced the concept…
“High Court Approves Delay in ITR Filing Due to COVID
Income Tax: In the instance where the assessee, a hospital, requested a refund of Tax Deducted at Source (TDS) and simultaneously applied for the condonation of a 26-day delay in…