Mahindra Holidays & Resorts India Ltd. on Sunday said that they have received a tax notice of over Rs 363 crore for the financial year 2018–19 including penalty, related to reporting of IGST on its club membership services.
A CA student in Faridabad sparked a heated online debate when reached out to a CA firm before applying for an articleship and asked two basic questions
Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained
Understand GST Rule 28 for valuing supplies between related or distinct persons. Learn about Open Market Value, 90% valuation, full ITC provisions, and corporate guarantee rules with practical examples.
The Finance Bill 2025 has introduced a significant relief measure for taxpayers who TCS but failed to deposit it on time.
Income tax slab determine the rate at which an individual/entity is taxed. Check out the latest Income Tax Slab Rates for FY 2024-25.
Input Tax Credit (ITC) is one of the core features of the Goods and Services Tax (GST) system in India. It allows registered taxpayers to reduce their tax liabi...
A question is, can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of Section 44AD?
Section 2(11) of the CGST Act defines "assessment" as the determination of tax liability under the Act, and it includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.
This article breaks down the FLA reporting process, explaining the legal framework, required disclosures, practical compliance issues, and potential consequences of non-compliance.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English