• Income Tax

Depreciation on revalued cost of assets after conversion of firm into company upheld

2 years ago

Claiming depreciation on revalued cost of assets after conversion of partnership firm into company Supreme Court dismissed Special Leave Petition…

  • GST

GST Exemption on various services provided by Railways & Accommodation Services

2 years ago

Exemption from GST on various services provided by Railways & Accommodation Services MINISTRY OF FINANCE (Department of Revenue) Notification No.…

  • GST

Agricultural farm produce supply taken out of GST on ‘pre-packaged and labelled’

2 years ago

Supply of agricultural farm produce in package(s) of more than 25 KG/litre shall not be considered supply of ‘pre-packaged and…

  • Empanelment

RBI invites E-tender for appointment of Concurrent Auditor 01.10.2024 to 30.09.2025

2 years ago

RBI invites E-tender for appointment of Chartered Accountants as Concurrent Auditor for the period from 01.10.2024 to 30.09.2025 Reserve Bank…

  • Income Tax

Expression “purposes of business” is wider than “purpose of earning profits” – ITAT

2 years ago

Commercial expediency - Expression “for the purposes of the business” is wider than "for the purpose of earning profits” -…

  • GST

Taxability of supply of services of providing corporate guarantee between related persons

2 years ago

Taxability and valuation of supply of services of providing corporate guarantee between related persons.   Circular No. 225/19/2024-GST   F.…

  • GST

Revised procedure-Electronic submission & processing of GST refund application of CSD

2 years ago

Revised procedure for electronic submission and processing of GST refund application by CSD CBIC has issued Circular No. 227/21/2024-GST dated…

  • GST

Mechanism for refund of additional IGST paid for upward revision in price after exports

2 years ago

Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent…

  • GST

Guidelines for recovery of GST demands till GST Appellate Tribunals are formed

2 years ago

Guidelines for recovery of GST outstanding demands, in cases wherein first appeal has been disposed of, till Appellate Tribunal comes…

  • Income Tax

“LIC Mutual Fund” not ‘Public Financial Institution’ under section 43B

2 years ago

“LIC Mutual Fund” not ‘Public Financial Institution’, interest payable can not be disallowed u/s 43B In a recent judgment, Hon'ble…