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…
CIT(A) cannot upheld AO’s order without evaluating merits of case : ITAT
INCOME TAX : Where assessee's appeal against addition made by Assessing Officer under section 56(2)(x)(b) was dismissed by Commissioner (Appeals) without giving any detailed reason, in view of fact that…
Global Tax Updates: Key International Tax Developments
In this World Tax updates, we delve into detailed updates from the international tax arena, highlighting three major developments: 1. Netherlands Releases Detailed Guide on Implementing Pillar 2 Global Minimum…
क्या करें क्या न करें – Do’s & Dont’s For Safe Banking
क्या करें क्या न करें - Do's & Dont's For Safe Banking
How can a Private Limited Company buy back its own shares?
How can a Private Limited Company buy back its own shares?
What is the GST Refund Rule for export of services from India?
What is the GST Rules & Law for export of services from India?
Query – What is FIRC and What is its relevancy in GST?
Query - What is FIRC and What is its relevancy in GST?
Various Threshold Limits under the Income Tax Act for AY 2023-24
Various Threshold Limits under the Income Tax Act [AY 2023-24] S.N.ParticularsThreshold LimitsA.Basic Exemption1.Maximum amount of income which is not chargeable to Income-tax in case of Individual, HUF/ AOP/ BOI/ Artificial…