In a recent ruling, the Karnataka High Court ruled that merely paying a penalty for delayed filing of Income Tax Returns (ITR) does not exempt a taxpayer from criminal prosecution…
Top Stories Complete TDS Rate and Threshold Limit Changes proposed in Union Budget 2025 The changes proposed through the Union Budget are expected to provide more expendable income to taxpayers,…
Top Stories Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order] Considering the absence of a direct nexus between borrowed funds and loans…
In a recent decision, the Surat bench of the Income Tax Appellate Tribunal ( ITAT ) held that credit card payment without showing income source attracts addition under Section 69A…
Top Stories 55th GST Council Meeting Recommendations: All You Need to Know By Rupesh Sharma - On December 26, 2024 3:30 pm - 7 mins read SERVICES 1. Sponsorship services…
Top Stories Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 19] A Round-Up of all the Supreme Court and High Court Tax Decisions in 2024. By…
Top Stories Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 4] This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme…
Top Stories Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 2] A Round-Up of all the Supreme Court and High Court Tax Decisions in 2024 By…
This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Demand of Income…
Top Stories Claiming GST ITC using New Invoice Management System: All You Need to Know A Comprehensive Guide to Claiming ITC in GSTR-3B Using the GST Invoice Management System (IMS)…