Stay informed about the suspension of inoperative Standard Input-Output Norms (SIONs) by the Directorate General of Foreign Trade, Ministry of Commerce, India. The post DGFT Suspends SIONs I… Read More

Understand the latest DGFT policy circular on payment clarification for non-achievement of Value Addition. Learn about the implications and exemptions. The post DGFT Clarifies 3% Non-Achieve… Read More

Learn about Significant Economic Presence (SEP) under the Income Tax Act, 1961, its applicability, impact on non-residents, and recent global developments. The post Significant Economic Pres… Read More

MCA imposes penalties on RSUN Pharma Pvt Ltd & directors for violating Section 12(3) of the Companies Act, 2013. Details & implications. The post Company not mentioned CIN, Address… Read More

Learn about the recent judgment of Maa Amba Builders & Anr. vs Assistant Commissioner of Revenue by Calcutta High Court regarding expiry of e-way bills and penalties. The post Expiry of… Read More

Article explains differences between old and new tax regimes, filing income tax returns, and Form 10-IEA, Difference Between Income Tax Rates Under Old and New Tax Regime  The post Old… Read More

In this article, we shall be covering bootstrapping and funding, discussing which should be opted why and when. The post Bootstrapping vs. Funding appeared first on TaxGuru Read More

Article explains May 2024 tax obligations. Learn about due dates for income tax, GST returns, TDS, TCS, and more. The post Taxation Compliance Calendar: May, 2024 appeared first on TaxGuru Read More

Article explains about Form 10F, its importance, requirements, and step-by-step process to obtain and file it online for tax relief & Recent amendments. The post Form 10F: Applicability… Read More

Preferential Allotment and Private Placement are two distinct mechanisms through which companies can issue securities to select groups of investors. While both serve similar purposes, they h… Read More

Read about the adjudication order by the Ministry of Corporate Affairs imposing penalties on M/s Hermes I Tickets Private Limited and its officers for violating Section 171(2) of the Compani… Read More

Read about MCA penalty on Hermes I Tickets Pvt Ltd & directors for not keeping registers. Detailed analysis & decision included. The post Not keeping registers at Registered office o… Read More

Learn about the penalty imposed by the Ministry of Corporate Affairs for the non-appointment of a woman director by a listed company, including adjudication details and consequences. The pos… Read More

Discover MCA penalty on Shinago Intl. for failing to register charges. Detailed adjudication order, penalties imposed, and appeal process explained. The post Company Failed to Register Charg… Read More

MCA penalizes MIS Sandal Nidhi Limited for incorrect company name in auditor appointment letter attached in ADT-1. Detailed analysis of violation and penalty imposition. The post MCA Penalty… Read More

Explore the impact of AI and predictive analytics in legal decision-making. Discover why human intervention remains crucial. Learn about AI's potential, challenges, and ethical implications… Read More

Discover MahaRERA's proactive approach to quality assurance in real estate, aimed at preventing defects and ensuring strict standards for homebuyer satisfaction. The post Advancing Quality A… Read More

Understand mandatory disclosures in a company's board report as per the Companies Act, 2013. Learn about key sections and transparency requirements. The post Mandatory Disclosures in Compani… Read More

Understanding whether book adjustment equates to payment under GST Law. Explore legal provisions, considerations for related parties, and implications for Input Tax Credit (ITC). The post Un… Read More

The AAR Rajasthan in the case of In Re. Shri Digamber Jain Sidhkut Chaityalaya Temple Trust [Advance Ruling No. RAJ/AAR/2023-24/22 dated March 26, 2024] ruled that, the entry fee collected f… Read More

Learn about the Patna High Court's ruling in Pawan Carrying Corporation v. State of Bihar clarifying the seven-day timeline for issuing orders after the detention or seizure of goods. The po… Read More

Detailed analysis of Bombay High Court's ruling on Hexaware Technologies Ltd vs ACIT. Invalid notice under Section 148 scrutinized. Time limitation, violation of CBDT Circular, faceless regi… Read More

Understand the significance of deductions under Chapter-VIA of the Income Tax Act in the case of Jubilant Infrastructure Ltd. Vs ACIT (ITAT Delhi). The post Section 80IAB Deduction Admissibl… Read More

Dive into the classification of Thermal Putty for mobile phone manufacturing. Understand the chemical composition, functionality, and customs tariff rulings. The post Classification of Therm… Read More

Learn about the recent Madras High Court decision in the case of Razack Trading Company vs. The Assistant Commissioner (ST) (FAC) regarding the applicability of interest on erroneous refunds… Read More

Explore the complexities of GST notifications in India, their impact on taxpayers, and recent legal challenges. Learn about the extension of time limits and the constitutional implications… Read More

Explore the CESTAT Delhi order in the case of Shrawan Kumar Pathak vs Commissioner of Central Excise & Central GST, concerning service tax on royalties paid to the State Government. Get… Read More

Explore the impact of Section 29A of the Insolvency and Bankruptcy Code, 2016, its retrospective application, and its effects on various stakeholders like promoters, nominee directors, and s… Read More

Explore the intersection of cybersecurity and AI, discovering how artificial intelligence is revolutionizing threat detection, vulnerability management, and more. The post Cybersecurity and… Read More

Explore IFSCA's circular facilitating increased investments by NRIs and OCIs in Indian securities through IFSC based FPIs. Get insights into the alternative routes and compliance requirement… Read More

NPCI International collaborates with Bank of Namibia to deploy India's UPI in Namibia, boosting financial inclusion and modernizing payment systems. The post NPCI Partners with Bank of Namib… Read More

KSCAA urges Karnataka Govt. to extend professional tax deadline amidst technical issues, fostering trade & industry relief. Details & appeal here. The post KSCAA request Extension of… Read More

Explore IFSCA's latest circular permitting registered non-bank entities to issue derivative instruments with Indian securities as underlying assets in GIFT-IFSC. Understand issuer responsibi… Read More

Explore the GST implications of entry fees collected by religious trusts. Understand why the entry fee for religious visits is exempt from GST in Rajasthan. The post No GST on entry fee coll… Read More

Delve into the applicability of GST on building materials & labor in repairs. Learn about ITC, works contracts, and more. Full order details included. The post ITC on Building Repair: AA… Read More

Explore the latest RBI circular (A.P. DIR Series Circular No. 04) on amendments to risk management and inter-bank dealings for authorised persons. The post RBI Master Direction – Risk… Read More

Get updated on Customs Act 1962 with Notification 34/2024 issued by the Ministry of Finance, determining new foreign currency exchange rates effective from May 3, 2024. The post Customs Exch… Read More

Explore Noori Travels' GST application under TGST Act. Analysis on eligibility of Rs. 13,94,702 GST as input tax credit for Mercedes purchase. The post ITC on Mercedes purchase not eligible… Read More

Learn about the modified GST registration process in Assam regarding notarized rent deeds and affidavits. Understand the implications and procedures. The post GST Registration: New Guideline… Read More

Learn how SEBI's latest circular facilitates seamless digital onboarding for portfolio managers, enhancing transparency & compliance. The post SEBI Circular: Simplifying Digital Onboardi… Read More

Learn about SEBI's circular facilitating collective oversight of Portfolio Management Services distributors through APMI. Effective from January 01, 2025. The post SEBI Circular: Collective… Read More

Explore SEBIs latest circular easing compliance for mutual funds investing in commodities and overseas securities. Learn about optional fund manager appointments and regulatory updates. The… Read More

SEBI's latest circular exempts jointly held mutual fund folios from nomination requirements, simplifying compliance and promoting ease of doing business. The post SEBI Circular: Nomination E… Read More

Get answers to common FAQs about filing Income Tax Returns, from TCS refunds on car purchases to HRA exemptions and disclosing stock market gains. Ensure compliance with expert advice. The p… Read More

Learn how MCA penalizes M/s. Hermes I Tickets Private Limited for regrouping accounts without proper disclosure. Full adjudication order details here. The post Inadequate disclosures of Regr… Read More

Learn about the process & provisions for incorporating a subsidiary company in India, including necessary documents, regulations, and requirements for foreign entities. The post Process… Read More

A producer company combines the best features of a cooperative society and a Private Limited Company, offering collective benefits to its member producers under a robust and definitive legal… Read More

Stay compliant with tax obligations in May 2024. Check the due dates for income tax, GST, PF, ESI, and more. Get organized with this detailed calendar. The post Due Date Calendar May 2024 ap… Read More

The submission of MSME-1 is not only a requirement of the Companies Act, but it also has implications on the Income Tax Act and affects the statutory auditor of the company. As a statutory a… Read More

Detailed analysis of the bail application by Dipen Champaklal Shah in connection with a GST Act case in Gujarat High Court. Learn about the arguments, court's decision, and conditions for ba… Read More

Understand how to claim Foreign Tax Credit in India through Form 67. Learn the criteria, due dates, steps, and essential tips for efficient tax filing. The post Claiming Foreign Tax Credit (… Read More

Explore the adjudication order under Section 56 of the Companies Act, 2013 against M/s. Spendflo India Private Limited by the Registrar of Companies, Chennai. The post Approval of Share Tran… Read More

Explore the adjudication order under Section 454 of the Companies Act, 2013, against Petron Minerals & Metals Limited by the Registrar of Companies, Uttar Pradesh. The post Company Fails… Read More

MCA penalizes M/s Anmol Ferro Impex Private Limited for failing to disclose related party transactions of directors and MCA imposes ₹10.5 Lakh Penalty The post Related Party Transactio… Read More

Discover the penalty imposed by the Ministry of Corporate Affairs for non-compliance with Section 152(2) of the Companies Act 2013. Learn about the case of Inchoi Technology and the conseque… Read More

Learn about the penalty imposed by the Ministry of Corporate Affairs for a listed company with a paid-up capital of 10 crore rupees not having two independent directors. Understand the impli… Read More

Compensation by its very nature, had to be just. For suffering, no part of which was the claimant-appellant’s own fault, she had been awarded a sum which could, at best, be described a… Read More

Mukul Islam Vs Assistant Commissioner of Revenue (Calcutta High Court) The Calcutta High Court recently delivered a judgment in the case of Mukul Islam versus Assistant Commissioner of Reven… Read More

Explore the analysis of RBI's draft regulations on Electronic Trading Platforms (ETPs). Learn about eligibility criteria, operational guidelines, and more. The post RBI Draft Regulations on… Read More

Dive into the controversy over Madras High Court's exemption of hostels from GST, exploring legal arguments, financial impacts, and pending Supreme Court intervention. The post Verdict Under… Read More

Read the Supreme Courts landmark judgment ensuring children of armed forces personnel get fair treatment in education, regardless of their parents' postings. The post Children of Armed Force… Read More

Discover how MCA penalizes Aalamara Nidhi Limited for violating Sections 117 and 179(3)(g) of the Companies Act 2013. Detailed adjudication order insights here. The post Failure to file Boar… Read More

Article explains Reverse Charge Mechanism (RCM) under GST law, its necessity, eligibility criteria, time and tax payment aspects, with comprehensive insights and examples. The post RCM in GS… Read More

ITO Vs Avirook Sen (ITAT Delhi) The case of ITO Vs Avirook Sen (ITAT Delhi) revolves around the taxation of voluntary ex-gratia compensation paid by an employer to an employee after terminat… Read More

Explore SEBI's new framework for Research Analysts and Investment Advisers. Learn about changes, responsibilities, and timelines. Get insights now. The post SEBI Framework for Research Analy… Read More

Learn about Capital Gains under the Income Tax Act, 1961. Understand what constitutes capital assets, types of transfers, computation methods, and deductions. The post Fourth Head of Income… Read More

Article explains Income Tax Implication of conversion of Partnership Firm / Proprietorship Firm in to Private Limited Company The post Income Tax Implications of Converting Partnership/Propr… Read More

Learn about the enhancement of gratuity by EPFO due to a 50% increase in Dearness Allowance for Central Government Employees, impacting retirement benefits. The post Enhancement of gratuity… Read More

Explore the recent provision allowing Indian companies to directly list their shares overseas through IFSC GIFT City. Understand the implications and eligibility criteria. The post Direct Li… Read More

Explore the concept of debit notes in GST, their issuance criteria, legal provisions, contents, and eligibility for input tax credit with detailed examples and analysis. The post Debit Notes… Read More

Discover why Sovereign Gold Bonds (SGBs) are a lucrative investment option, offering benefits like security, interest earnings, tax exemptions, and more. The post Sovereign Gold Bond: A lucr… Read More

Explore the complexities of including allowances and upper caps in gratuity regulations. Learn from legal precedents and understand implications for employers and employees. The post Inclusi… Read More

Discover the Bombay High Court's ruling in the case of Netcore Solutions Pvt. Ltd. vs. Union of India & Ors., where the rejection order of a refund claim was set aside due to procedural… Read More

In DCIT vs. CDS Infra Projects Limited, ITAT Delhi ruled no addition under section 68 of Income Tax Act if proper evidence for source of share capital subscription is submitted. The post No… Read More

Analysis of ITAT Delhi's ruling in DCIT vs. Sandeep Hooda clarifies conditions for Income Tax Act 1961 Section 54 deduction eligibility in absence of basic amenities. The post No Section 54… Read More

In this article we will analyse Input tax credit on motor vehicles post 01-02-2019 GST amendment. Motor Vehicles are used for transportation of goods or passengers/ employees in the business… Read More

Learn about the review of G-Card holder requirements at Customs stations and the conduct of G-Card examinations as per Regulation 13 of CBLR, 2018. The post Customs G-Card Requirement Review… Read More

Discover the latest instruction from CBIC regarding the verification of Certificate of Origin (CoO) issued by UAE. Learn about the added security feature and its implementation. The post Ind… Read More

Learn about the acceptance of Electronic Certificates of Origin (e-CoO) issued by Korea under India-Korea CEPA after the implementation of India-Korea EODES. The post India-Korea E-CoO Accep… Read More

Discover IFSCA's latest circular enabling IFSC entities to become Qualified Suppliers for bullion supply on the India International Bullion Exchange (IIBX). The post IFSCA Circular: Qualifie… Read More

Explore the latest amendment (No. 13/2024) reducing Special Additional Excise Duty on petroleum crude production. Ministry of Finance update. The post SAED on Petroleum Crude Production Redu… Read More

Explore the latest amendments to the Customs Act and Central Excise Act by the Ministry of Finance. Stay updated on regulatory changes impacting customs duties. The post CBIC amends Notifica… Read More

Explore the amendments made by the Ministry of Finance, Department of Revenue, in the Customs Act through Notification No. 32/2024. Effective from May 1, 2024. The post Tariff Value wef 1st… Read More

Discover the latest amendments to the Chartered Accountants Act by the Ministry of Corporate Affairs. Stay informed with the updated regulatory changes. The post Constitution of Appellate Au… Read More

Get guidelines for filling the MEF 2023-24 Additional Information Form by the Professional Development Committee. Deadline: 7th May 2024. Apply now. The post MEF 2023-24 Additional Informat… Read More

Explore the transformative impact of AI in accounting, its global and Indian implications, challenges, regulations, and ICAI initiatives. Join the journey to shape the future of the professi… Read More

Read about Madras High Court ruling in Sri Krishna Textile Mills vs. Assistant Commissioner, highlighting rejection of refund on inverted turnover mismatch with GST returns. The post GST Ref… Read More

Allahabad High Court sets aside order as petitioner wasn’t required to check GST portal for notices. Read the detailed analysis of Chemsilk Commerce Pvt Ltd Vs State of U.P. case. The… Read More

Discover ITAT Kolkata ruling in Deep Jyoti Wax Traders Pvt. Ltd vs. ITO, highlighting the importance of assessee chosen valuation method under Rule 11UA(2). The post AO Can’t reject As… Read More

Explore the detailed minutes and recommendations from a recent Grievance Redressal Meeting chaired by the Principal Chief Commissioner of Central Tax, Delhi Zone, addressing concerns raised… Read More

Dive into the CESTAT Kolkata ruling on CENVAT credit dispute between Commissioner of Central Excise and Viraj Steel regarding steel items usage. The post CENVAT Credit Eligibility: Steel use… Read More

Explore recent legal cases, penalties, and regulatory updates including secretarial standards, stamp duty, private placement, and more in corporate law. The post Regulatory Updates: April 20… Read More

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST. The post Live Course on Appeal, Plead… Read More

Explore the case of Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit vs CIT(A) (ITAT Mumbai) regarding deduction under section 80P(2)(d) of the Income Tax Act. The post Se… Read More

Discover the Ministry of Finance's latest report on April 2024 GST collections, marking a historic milestone of ₹2.10 lakh crore with detailed analysis and insights. The post GST reven… Read More

Learn about intra-state and inter-state supply under GST in this comprehensive guide. Understand the differences, tax implications, and key points for accurate GST compliance. The post Intra… Read More

क्या जीएसटी एक्ट में प्रथम अपील … Read More

Explore the CGST Act 2017, Section 83 on Provisional Attachment, including rules, forms, amendments, judicial pronouncements, and its implications post-amendment. Dive into a comprehensive a… Read More

Assessee had miserably failed to establish genuineness of the transaction by cogent and credible evidence and that the investments made in its share capital were genuine. The post Addition u… Read More

Explore the legal complexities of virtual reality (VR) and copyright law. Learn about challenges, solutions, and future implications in VR content creation. The post Copyright law and Virtua… Read More