The Calcutta High Court has ordered reconsideration of Input Tax Credit ( ITC ) in the light of new Section 16(5) of the Goods and Services Tax ( GST ) which was disallowed on…
The Income Tax Department has unveiled its much-anticipated Common Offline Utility for filing Income-tax Returns ITR-1 and ITR-4 for the Assessment Year 2025-26. Released on June 11, 2025, the Common…
In a significant ruling for charitable trusts seeking tax‐exempt status, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has set aside the Commissioner of Income Tax (Exemption)’s refusal to grant Section 80G…
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the rejection order passed by the Commissioner of Income Tax (Exemption), [CIT(E)], denying approval under Section 80G(5)(iii) of the Income…
The introduction of the MCA21 portal in 2006 by the Ministry of Corporate Affairs (MCA) is to simplify and streamline access to its services. Designed for professionals, companies, and the public ,…
All businesses doing business in India must have a PAN (Permanent Account Number) card as a form of identification. Financial transactions, regulatory filings, and tax compliance all depend on it.…
"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 Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has restored the matter of assessee Bhatt Mewada Brahm Samaj to the file of the Commissioner of Income Tax (Exemption), Ahmedabad [CIT(E)]…
The Ministry of Corporate Affairs ( MCA ) has amended the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. As per the notification issued on…
The Goods and Services Tax Network ( GSTN ) has released an important update regarding changes to HSN code reporting in Table 12 of GSTR-1/1A, effective from the May 2025…