• Income Tax

Deduction u/s 80JJAA allowed by submission without filing revised return of income

2 years ago

ITAT allows deduction for employment of new workmen u/s 80JJAA by way of submission despite not filing revised return of…

  • Income Tax

Addition u/s 68 deleted for cash collection from exhibition of films in theaters

2 years ago

Addition u/s 68 for cash collection from exhibition of films in the theaters deleted as the amount was duly recorded…

  • GST

ITC for goods  delivered  by  supplier  at  his  place  of business under Ex-Works Contract

2 years ago

ITC for goods  delivered  by  supplier  at  his  place  of business under Ex-Works Contract CBIC has issued Circular No. 241/35/2024-GST…

  • GST

Place of supply of Online Services to unregistered recipients – Clarification by CBIC

2 years ago

CBIC Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients CBIC has…

  • GST

CBIC clarification on reversal for ITC availed by electronic commerce operators

2 years ago

CBIC clarification on reversal for ITC availed by electronic commerce operators CBIC issues Circular No. 240/34/2024-GST dated 31.12.2024 clarifying in…

  • GST

CBIC clarification on various issues pertaining to GST treatment of vouchers

2 years ago

Clarification on various issues pertaining to GST treatment of vouchers CBIC has issued Circular No. 243/37/2024-GST dated 31.12.2024 clarifying  various…

  • Income Tax

No TDS on payments received by a credit guarantee fund of Central Government

2 years ago

No deduction of income-tax under Chapter XVII on payments received by a credit guarantee fund established and wholly financed by…

  • Income Tax

No TDS on payments received by National Credit Guarantee Trustee Company Limited

2 years ago

No deduction of income-tax under Chapter XVII on the payments received by the National Credit Guarantee Trustee Company Limited MINISTRY…

  • Income Tax

No TDS u/s 194Q for purchase of goods from a Unit of International Financial Services Centre

2 years ago

No deduction of tax to be made under the provisions of section 194Q of the said Act by a buyer,…

  • Income Tax

Accepting lender’s creditworthiness merely on basis of ITRs acknowledgement erroneous

2 years ago

Revision u/s 263 upheld as AO accepted creditworthiness of lender merely on the basis of acknowledgement of ITRs In a…