In a landmark case, Suncraft Energy has emerged victorious against the Assistant Commissioner of State Tax, Ballygunge Charge, defying a demand for automatic reversal of input tax credit (ITC).
Top 5 government clarifications and Notifications in taxpayer’s interest made effective in Oct 2023 and Nov 2023
Understand how the enhanced "no tax up to Rs 12 lakh" rebate works under the New Tax Regime for FY 2025-26, why it applies only to income taxed at normal slab rates, and how dividends, interest, and mutual fund gains can push you beyond the Rs 12–12.75 lakh limit.
The Goods and Services Tax (GST) department is set to implement an advanced artificial intelligence and data analytics system to scrutinize GST returns and monitor any discrepancies.
The article emphasis on the term'undertaking' used under the section 180 (1)(a) of the Companies Act 2013.
As dirt is said to be matter that is in the wrong place, so corruption is money lodged where it shouldnt be: displaced from the world of commerce, where it rightfully belongs, and into democratic politics. The type of corruption we in Ind
Depreciation is calculated annually based on the two methods. Check out the two methods to calculate depreciation.
Up until now, the digital world has not affected the banking business in India but with the Reserve Bank getting ready for the digitisation of the Rupee, this move could perhaps be history in the making where such a bold move has been put forth by the Honourable Finance Minister on 1st Feb 2022.
This write-up aims to outline the revised policy and highlight its impact on stakeholders by addressing their concerns.
· What is e-tax payment?Ans. This is a facility provided to the taxpayers to make income tax payments through internet using net-banking facility. · Can I use this facility to pay income tax?Ans. You can, if; a) You have a bank acc
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English