In a dispute over the quantum of deduction under Section 54 of the Income Tax Act, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal challenging the…
The Ahmedabad Income Tax Appellate Tribunal (ITAT) has held that commission paid to non-resident agents for services rendered entirely outside India does not attract tax deduction at source (TDS) under Section…
"Saudi Arabia makes a billion dollars a day, okay? They make a billion dollars a day," once remarked Donald Trump, in his characteristic style, highlighting global wealth disparities. Amidst such…
The upcoming 56th meeting of the Goods and Services Tax (GST) Council is expected to consider reclassifying intermediary services, including brokers, agents, and digital platforms, as exports. If approved, this…
Recently, a taxpayer under GST ( Goods and Services Tax ) Act has been penalized ₹50,000 for the late filing of the GSTR-3B return by one day. Interestingly, the same…
Top Stories NCLT have No Jurisdiction to Direct ED to Defreeze Corporate Debtor’s Account Frozen under PMLA: NCLT [Read Order] The panel ruled that when the Corporate Debtor's account was…