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ITAT Judgement - Ignorance of the Provisions of Section 269 will initiate penalty proceedings u/s 271E

  Affluence Advisory    15 March 2024 at 14:54

ITAT: Upheld penalty, states that poor history of clearance of cheque is not valid reason to make repayment in cash and against the mode prescribed under Section 269T of the Income-tax Act, 1961.



GST on Flat Purchase for FY 2023-24

  Priya    15 March 2024 at 11:15

Buying a house is a significant and often long-term investment of money. GST is to be considered in such transactions. Knowing whether or not GST is applicable shall affect the budgeting of the buyer on such a purchase.



Making SME Payments by 31st March 2024 for compliance u/s 43B(h) of Income Tax Act

  VIVEK JALAN    15 March 2024 at 08:48

In this article, we pen down the statutory requirements and analysis of this new amendment in detail.



What are the Patent Laws in India?

  Ishita Ramani    15 March 2024 at 08:48

This article covers information like Patent Law in India, "What is a Patent?", Patent Filing Process in India and Patent Rights in India.



Advance tax e-campaign based on significant transactions

  sparsh wadhwa    15 March 2024 at 08:48

The Income Tax Department has received information on financial transactions relating to XXXX SINGH PAN XXXXX1650X for Financial Year 2023-24 (AY 2024-25). It is seen that your advance tax payment for F.Y. 2023-24 is apparently not commensurate with such financial transactions undertaken by you during this period.



Understanding Electoral Bonds: An Insight into India's Political Funding Mechanism

  CMA Sonam Verma    14 March 2024 at 14:06

In this article, we'll delve into the concept of electoral bonds, their functioning, controversies surrounding them, and their implications for Indian democracy.



Recent Tax Updates

  Venkat Raj    14 March 2024 at 09:00

The Financial Year 2023-24 is coming to an end in fortnight. The books of accounts of all entities are at the closing stage, and wherever a requirement arises, provision as required needs to be created. Let us analyze a recent ruling!



Refund Process under GST across Different Categories

  Affluence Advisory    14 March 2024 at 09:00

In this article, we have attempted to summarize the computation of refund amount under different categories along with broadly outlining the process.



Cancellation, Suspension and Revocation of GST registration

  Affluence Advisory    13 March 2024 at 12:48

Nowadays, the matters relating to cancellation of GST registration specifically cancellation from retrospective date are being seen on recurring basis. Almost, every other day we see judgement pronounced by some or other High Court dealing with cancellation of GST registration by department.



ITR Filling for Businesses For FY 2023-24

  Priya    13 March 2024 at 12:25

Filing an Income Tax Return(ITR) for businesses is an intricate and extensive process involving many important aspects that the entity should consider.