Revenue shared with franchise doesn't attract TDS liability U/S 194I if no actual services were rendered: The case of Addl CIT Vs. VLCC Health Care Ltd. (ITA No. 4414/DEL/2017) decided… Read More
Complete Overview Analysis of its scope, applicability, & Importance of Section 50DĀ Section 50D of the Income Tax Act is a key provision that deals with the valuation of capital… Read More
Self-invoicing, Time of supply for registered & Unregistered suppliers under RCM The recent changes effective from 1st November 2024 in the GST framework related to Self-Invoicing and the Time of… Read More
CBIC š”š¼šš¶š³š¶š°š®šš¶š¼š»:Ā šš¦š§ š„š²šššæš» šš®šš² šš²š²š šŖš®š¶šš²š± The Central Board of Indirect Taxes and Customs has issued a notification waiving late fees for filing GST Returns (FORM GSTR-7) after the… Read More
What is Penalties for Non-compliance of MCA Notification on Audit Trail (Edit Log) w.e.f 1st April 2023 The penalties for non-adherence to the MCA Notification on Audit Trail (Edit Log),… Read More
Income Tax and GST - October 2024 Statutory and Tax Compliance Deadlines Read More
CBDT Guideline: Apply for condonation delay in filing ITRs for claims refunds or C/F losses New guidelines issued by the CBDT streamline the process for condonation of delay in filing… Read More
Tax Deducted at Source rates chart proposed in Union Budget 2024 have been approved in the Finance Bill: Budget 2024 introduced several tax reforms & Income Tax amendments, which were… Read More
No required to pay interest & penalty on GST tax demand; conditional waiver from Nov 1, 2024 Central Board of Indirect Taxes and Customs has introduced Section 128A into the… Read More
GST treatment on cross-border advertising services offered by Indian companies to foreign clients The Circular No. 230/24/2024-GST, dated 10th September 2024, provides significant clarifications on the GST treatment of advertising… Read More