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Tax Guru is a reliable source for latest Direct / Indirect Tax & Corporate Law Related Information, providing Solution to CA, CS, CMA, Advocate, MBA & Taxpayers
Delhi High Courts order on Aarem Trad Ex Pvt Ltd vs Sales Tax Officer: Court remits case for re-adjudication due to improper consideration of petitioner's reply.
The post GST Order Invalid D… Read More
Delhi High Court remits Spinclabs Private Limited GST case for re-adjudication, citing improper consideration of detailed replies and lack of procedural fairness.
The post Assessment Order n… Read More
Manipur High Court held that non-communication of order of reassessment and demand notice within time lime prescribed under section 153(2) of the Income Tax Act cannot be treated as valid as… Read More
Delhi High Court held that it is impermissible for TPO to disregard the actual transaction unless it comes to the conclusion that an unrelated party would not have undertaken the same in usu… Read More
Discover SIMS 2.0 launch details by Ministry of Commerce & Industry. All importers informed about changes.
The post Launch of Steel Import Monitoring System (SIMS) 2.0 appeared first on… Read More
Calcutta High Court held that petitioner not put to notice in respect of addition made under section 69A of the Income Tax Act as notice was issued making addition u/s. 68. Accordingly, the… Read More
Gauhati High Court held that once the assessment order of the authorities are set aside and matter is remanded back and on assessment, no taxable due was found, no interest can be levied.
Th… Read More
Get ready with ICAI Mock Test Papers Series I & II for CA Intermediate September 2024 exams. Check schedule, subjects, and download details here.
The post ICAI Mock Test Papers Series fo… Read More
Learn about UDIN guidelines by ICSI for CS services like audits, certifications, and reports. Get insights on mandatory UDIN generation and its importance.
The post UDIN generation Mandatory… Read More
Review CBICs Instruction No. 19/2024 on provisional bank account attachment under Section 110(5) of the Customs Act. Key compliance and procedural details.
The post Provisional attachment of… Read More
Explore Customs Instruction No. 17/2024-Customs detailing authorized officers under FSS Act and latest updates on food import points of entry.
The post Instruction No. 17/2024-Customs on Aut… Read More
IFSCA Circular IFSCA-PLNP/40/2024 outlines new guidelines for Credit Rating Agencies in the IFSC, following SEBI's latest regulations. Effective immediately.
The post IFSCA Circular on Credi… Read More
Explore the common obligations of listed entities under SEBI (LODR) Regulations, 2015, including compliance, officer duties, share transfer, and grievance redressal.
The post Common Obligati… Read More
Learn the accounting treatment for derecognition, retirement, and disposal of PPE under AS 10, including recognition, measurement, and journal entry examples.
The post Accounting treatment f… Read More
Learn about corrections with revised TDS returns. Understand errors, correction types, and filing processes to ensure accurate TDS returns. Avoid penalties and fines.
The post A Brief Guide… Read More
Explore the Finance Bill 2024's major changes to the taxability of share buybacks, shifting tax liability from companies to shareholders. Effective from Oct 1, 2024.
The post Budget 2024: Am… Read More
Discover the key amendments in the Finance (No.2) Bill, 2024, affecting income tax reassessment procedures under the Income-tax Act, 1961.
The post Budget 2024: Rationalization of Income Tax… Read More
वित्त विधेयक संख्या 02/2024 में CGST/IGST अधिन… Read More
Gujarat High Court: Bail conditions requiring the accused to mark their presence at the police station may lead to human rights abuses and false allegations. Court urges reconsideration to a… Read More
Explore critical GST case laws from July 2024, including SCN issuance, personal hearing rights, appeal delays, and more. Essential for understanding recent GST legal developments.
The post G… Read More
Discover the significant GST changes proposed in the Finance Bill 2024. Learn about amendments to key sections, including ITC claims, TDS returns, and appeal procedures.
The post Highlights… Read More
Understand Secretarial Audit compliance under Companies Act, 2013. Ensure corporate governance and legal adherence with this comprehensive guide.
The post Secretarial Audit compliance under… Read More
Bombay High Court held that security creditor who has registered its claim against secure assets with the Central Registry of Securitisation Asset Reconstruction and Security Interest of Ind… Read More
Telangana High Court held that department failed in complying with modified income tax reassessment proceedings as laid down under the Finance Act, 2021. Accordingly, show cause notice and c… Read More
Kerala High Court held that even after 01.04.2010, Bank would be entitled to the deduction envisaged u/s. 36(1)(viii) of the Income Tax Act in respect of the long term finance provided by it… Read More
Read about the formation of Consultative Group on Faceless Assessment (CGFA) at JNCH, aimed at reducing delays in cargo clearance and improving trade facilitation. Public Notice 64/2024.
The… Read More
Finance Bill 2024 proposes a new provision allowing parents to claim TCS credit for minor children under specific conditions, effective January 2025.
The post Budget 2024 allows Claiming cre… Read More
Explore Notification No. 96/2024 by the Ministry of Finance, detailing income specifics for SAMEER Mumbai under Income Tax Act Clause 46 Section 10. Effective from 2021-2026.
The post Income… Read More
Notification 95/2024 exempts Himachal Pradesh State Load Despatch Centre specified income from tax, effective for AY 2021-2024, with specific conditions.
The post Himachal Pradesh State Load… Read More
Explore Income Tax Notification No. 94/2024 dated 24th July, 2024, detailing tax exemptions for Punjab Skill Development Mission Society under Income-tax Act, 1961.
The post Punjab Skill Dev… Read More
Finance Bill 2024 proposes increasing the deduction limit for working partner remuneration to Rs. 3,00,000 or 90% of book profit, effective April 2025.
The post Budget 2024: Increase in limi… Read More
Finance Bill 2024 increases interest on late TCS payments to 1.5% from April 2025, aligning with TDS rates and improving tax compliance.
The post Interest Rate for Late TCS Payments Increase… Read More
Budget 2024 amends Section 271FAA to include penalties for inaccurate information and due diligence failures, effective October 1, 2024.
The post Budget 2024: Amendment to section 271FA… Read More
Explore the Direct Tax Vivad se Vishwas Scheme 2024 for resolving pending tax disputes. Learn about its provisions, benefits, and implementation details.
The post All about Direct Tax Vivad… Read More
Key changes to Equalisation Levy from August 2024: the 2% tax on e-commerce transactions will be removed. Learn about the new provisions and their impact.
The post Budget 2024: 2% Levy on E… Read More
New amendments to the Black Money Act from October 2024 raise the exemption threshold for penalties on foreign assets to ₹20 lakh. Discover the key changes.
The post Budget 2024 amends… Read More
From October 2024, Section 276B of the Income-tax Act will exempt individuals from prosecution for timely payment of deducted tax. Learn about the new provisions.
The post Budget 2024: No pr… Read More
From April 2025, the Income-tax Act limits the time for issuing default orders to six years or two years from correction statements. Learn more about these changes.
The post Budget 2024: Tim… Read More
Effective April 2025, Section 200A will include processing for statements filed by non-deductors. This change aims to improve the handling of various tax-related statements.
The post Section… Read More
Explore FAQs on latest capital gains tax changes effective from July 23, 2024. Simplified holding periods, updated rates, and rollover benefits explained in detail.
The post Capital Gains Ta… Read More
Explore the GST rate implications for works contract services provided to Kerala State Transport Project (KSTP) under GST regulations. Understand the ruling and its impact on construction pr… Read More
GST AAR Kerala rules that differential dealer margins for petroleum products are taxable under GST as a service, with a rate of 18%. Learn more here.
The post 18% GST on Differential Dealer… Read More
AAR Kerala rules 18% GST on KLDC contracts for 01/01/22 to 17/07/22. Understand the implications and details of this ruling on government entity projects.
The post GST Rate on KLDC Contracts… Read More
Understand GST implications for job workers: Can they issue delivery notes, e-way bills if the principal doesn't? Full analysis of Kunnassery Poulose Joy case from GST AAR Kerala.
The post N… Read More
Read the detailed analysis of the GST AAR Kerala ruling on input tax credit claims involving post-supply discounts by Kotoor Mathew Jose Mathew.
The post AAR Rejects ITC Claim Queries due to… Read More
AAR Tamil Nadu confirms eligibility for ITC on motor vehicle leasing services used for women's transport under Tamil Nadu Shops Act. Full details of the ruling inside.
The post ITC on Input… Read More
Explore the implications of GST Notification No. 04/2019 on research and development services in the agro-chemical sector. Full analysis of the AAR Order No. 14/ARA/2024.
The post Place of S… Read More
The FAO grant to Last Forest Enterprises Pvt Ltd is ruled as not a supply under GST by the Tamil Nadu AAR. Learn about the detailed ruling and its implications.
The post Grant from Food &… Read More
IBBIs recent order finds Vijaykumar Varun in violation of Insolvency Code provisions. Read details on non-compliance and disciplinary actions taken.
The post IBBI Disciplinary Committee impo… Read More
ICAI applauds Budget 2024-25 for its focus on employment, skilling, MSMEs, and the middle class. Discover key tax reforms and economic initiatives.
The post ICAI Welcomes Union Budget 2024-2… Read More
SEBI study reveals 70% of individual intraday traders in equity cash segment faced losses in FY 2022-23, with a surge in participation noted.
The post SEBI Study: 7 out of 10 Individual Intr… Read More
RBI revises Domestic Money Transfer guidelines, effective Nov 1, 2024, with new KYC, transaction validation, and compliance requirements. Learn more about the updated framework.
The post Dom… Read More
Explore SEBI's regulatory framework against front running in Indian securities markets, including judicial interpretations, enforcement challenges, and future improvements.
The post Front Ru… Read More
Explore the applicability of various provisions under the Companies Act, 2013, including CARO, IFC, IND AS, Internal Audit, CSR, and XBRL Filing. Essential insights for Chartered Accountants… Read More
Explore the issues and challenges faced in GST registration, including delays, fraudulent practices, and bureaucratic hurdles impacting genuine businesses.
The post GST Registration –… Read More
CESTAT Ahmedabad held that co-owners are to be treated as independent service provider for calculating threshold limit of exemption under Notification Nos. 6/2005-ST dated 01.03.2005 and No… Read More
Kerala High Court held that when employees' contribution to EPF/ESI not made within due date prescribed for making payments is liable to be disallowed under section 36(1)(va) of the Income T… Read More
ITAT Delhi held that indexation benefit is available to the assessee on the basis of his cost of acquisition of the property and capital gain is to be calculated accordingly.
The post Indexa… Read More
New Section 74A in CGST Act 2017 simplifies tax determination and penalties for FY 2024-25 onwards, ensuring fair treatment for fraud and non-fraud cases.
The post Insertion of section 74A:… Read More
Convert Excel data to PDF effortlessly for a polished look. Enhance presentation, maintain formatting, and ensure compatibility with easy-to-use methods.
The post Optimise your reports: Conv… Read More
Explore how Budget 2024's new Section 74A in the GST Act affects genuine taxpayers, increasing compliance time and potential interest burdens.
The post Penalizing Genuine Taxpayer in the nam… Read More
Learn about the procedural requirements and recent amendments related to the issuance of shares on a preferential basis under Section 62(1)(C) of the Companies Act.
The post Issue of shares… Read More
Gujarat High Court quashes penalty imposed on CEAT Limited for E-way bill errors, ruling technical lapses do not warrant equivalent tax penalties.
The post Gujarat HC set-aside GST order for… Read More
Gujarat High Court directs refund with interest under section 11B in Pankaj Bagri case, ruling on repeated rejection of service tax claims and judicial discipline.
The post Gujarat HC Direct… Read More
Andhra Pradesh High Court held that writ petition against order cancelling GST registration is not maintainable due to availability of alternative remedy in form of either filing a petition… Read More
Explore key changes in GST post the GST Council Meeting on June 22, 2024, including interest waivers, input credit relief, litigation reduction, and new GST rate adjustments.
The post Change… Read More
Karnataka High Court held that once an amalgamating entity ceases to exist upon approved Scheme of Amalgamation, the question of initiation of proceedings as regards the non-existent Company… Read More
Andhra Pradesh High Court dismissed the writ petition on account of availability of alternative remedy to challenge the order cancelling GST registration.
The post Writ challenging cancellat… Read More
Discover the key updates under Section 74A of the CGST Act, 2017, including thresholds, penalties, and procedural changes for tax demands from FY 2024-25.
The post Decoding of Newly Inserted… Read More
Union Budget 2024 brings key changes in tax rates, benefits for salaried employees, increased expenditure across sectors, and new financial policies impacting various sectors.
The post Union… Read More
ITAT Delhi held that expenditure in Built Operate and Transfer (BOT) project giving rise to an intangible assets eligible for claiming depreciation @25% on road construction admissible.
The… Read More
Explore the proposed changes in TDS regulations in the Union Budget 2024-25, impacting sections 271H, 200, 197, and more. Understand the new amendments and their implications.
The post Analy… Read More
CESTAT Kolkata ruled in favor of Shree Balaji Engicons, finding no service tax liability under "commercial construction service" for pre-2007 contracts.
The post Service with Material is wor… Read More
ICAIs BoS announces Series I & II starting August 2024 for CA Intermediate students. Join virtual sessions for exam insights and tips. Schedule available online.
The post Success at CA E… Read More
Prepare for CA Foundation Exams with ICAI's Board of Studies. Join virtual sessions starting August 8 & 27, 2024, for subject insights and exam strategies.
The post Success at CA Exams:… Read More
Read about the IBBI Disciplinary Committee's decision on Mr. S. Diraviam regarding alleged violations during a corporate insolvency resolution process. Insights on findings, penalties, and i… Read More
Bombay High Court quashes reassessment notice in Paras Mahendra Shah vs. Union of India due to non-compliance with Section 151A of the Income Tax Act.
The post Section 148 Notice Issued by J… Read More
CESTAT Mumbai upholds refund claim for Goa Golf Club Pvt Ltd, dismissing the appeal by the Customs Department. Learn about the key legal insights and judgment details.
The post Respondent, a… Read More
Discover the significant changes proposed under GST in the Union Budget 2024-25, impacting the CGST, IGST, UTGST, and GST (Compensation to States) Acts.
The post Budget 2024-25: Key Changes… Read More
Discover the key changes in customs and excise duties proposed in the Union Budget 2024-25, including updated rates and legislative amendments.
The post Budget 2024-25: Changes under Customs… Read More
Discover the key changes in India's Income Tax Law from the Union Budget 2024-25. Highlights include revised tax slabs, increased deductions, and simplified taxation.
The post Budget 2024-25… Read More
आयकर के नए प्रावधान: गैर कानूनी क… Read More
The Rajasthan High Court ruled that the right to a speedy trial cannot be compromised due to the seriousness of the crime.
The post Right to Speedy Trial Cannot Be Denied Due to Heinousness… Read More
Explore IRDAI's order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties imposed, and compliance directives.
The post IRDAI imposes pe… Read More
Understand IFSCA's Ship Leasing Circular FAQs 2024. Learn permissible activities, definitions, and guidelines for ship lessors in International Financial Services Centres.
The post FAQs on A… Read More
Finance Bill 2024 updates Section 80G to reflect "National Sports Development Fund" and changes approval procedures for charities. Effective April 1, 2025.
The post Section 80G Amendment: Na… Read More
Explore the amendment to Section 194F removing TDS on Mutual Fund and UTI unit repurchases, effective from October 2024 under the Finance Bill 2024.
The post Section 194F Amendment: TDS Omis… Read More
Budget 2024 proposes amendments to section 153 and section 139 of Income Tax Act to address procedural difficulties and streamline timelines for tax assessment, reassessment, and recomputati… Read More
Learn about the proposed amendments to Section 192 of the Income-tax Act, allowing salaried employees to claim credit for TCS and all TDS deductions, easing compliance and cash flow concerns… Read More
From October 1, 2024, the Black Money Act, 2015 will be included in tax clearance certificate requirements for Indian residents leaving the country.
The post Amendment: Black Money Act, 2015… Read More
Learn about the amendment to section 194-IB of the Income-tax Act, reducing TDS on rent payments from 5% to 2% effective from October 1, 2024. Understand implications for individuals and HUF… Read More
New amendment to the Black Money Act (2015) allows recovery of liabilities from seized assets. Effective October 1, 2024, including foreign income and asset taxes.
The post Amendment to Blac… Read More
Understand Section 194M of the Income-tax Act, governing tax deduction at source (TDS) for individuals or Hindu undivided families making payments for work, commission, brokerage, or profess… Read More
Finance Bill 2024 removes NHB references from Section 43D, affecting income tax provisions for housing finance companies. Effective April 1, 2025.
The post Amendment to Section 43D: Removing… Read More
Understand Section 194-O amendment reducing TDS rate from 1% to 0.1% for e-commerce payments, effective October 2024. Impact on e-commerce participants and operators explained.
The post Sect… Read More
Bombay HC declares arrest illegal if not following due process, emphasizes constitutional rights in Mahesh Pandurang Naik vs. State of Maharashtra.
The post Procedure for Arrest Must Be Stri… Read More
Join our live webinar on July 26, 2024, to analyze direct tax amendments in the Union Budget 2024 with CA Bikash Bogi. Register now to secure your spot!
The post Live Free Webinar: Analysis… Read More
Discover the significant GST budget amendments for 2024, including changes in levy provisions, demand recovery, ITC availment, and more. Stay updated with our detailed analysis.
The post GST… Read More
NCLT Bengaluru held that ‘right fees’ for which operational creditor (BCCI) is liable to be paid by Corporate Debtor (BYJU’s) falls within the definition of ‘operatio… Read More