Top Stories How Delayed MSE Payments Trigger Deferred Deductions for Corporates w.e.f. 1st April 2024: Section 43B(h) Explained As per the new amendment, the companies has to make the payment…
The Ministry of Finance has released the ‘The Indian Economy – A Review’ before Budget 2024 as tribute to the government policies. It is clarified that distinct from the Economic Survey…
In the lead-up to Budget 2024, anticipation is building for potential adjustments to exemption limits by the finance ministry, offering a possible relief from tax burdens. Notably, House Rent Allowance…
Top Stories Import of “Concrete Batching Plant” Not eligible for Customs Exemption Claim: Supreme Court rejects plea Neither Gammon Atlanta JV nor Gammon fulfills the necessary requirement stipulated in Condition…
In a recent decision, the Allahabad High Court observed that the imposition of penalties within realm of tax laws not to be solely based on insignificant technical errors devoid of…
The Halwa ceremony, a traditional prelude to the Union Budget presentation, recently took place at North Block, featuring Union Finance Minister Nirmala Sitharaman. This age-old ceremony plays a crucial role…
Top Stories Marginal Delay of 11 Days: Bombay HC directs Income Tax Dept to accept Declaration under VSV Act [Read Order] The Bombay HC directed the Income Tax Department to…
The Central Board of Direct Taxes ( CBDT ) has officially communicated alterations to the Income Tax Returns ( ITR ) form 6, aligning with amendments in the Income Tax…
The Allahabad High Court upheld the decision of the Commercial Tax Tribunal as there was explanation related to the sufficient cause for delay of 1365 days. The revision petition has…
Top Stories Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order] Pending assessment get abated under Section 153 A…