• ICAI

ICAI issues FAQs on Guidance Note on Financial Statements of Non-Corporate Entities 

10 months ago

ICAI issues Frequently Asked Questions (FAQs) on Guidance Note on Financial Statements of Non-Corporate Entities  The Accounting Standards Board of…

  • Income Tax

Organizing Garba event not business/trade u/s 2(15) to deny benefit of exemption u/s 11

10 months ago

Organizing Garba event was not business within the meaning of section 2(15) to deny the benefit of exemption u/s 11…

  • Government

Govt. denies directions given to Banks to close inactive PM Jan Dhan Yojana accounts

10 months ago

Govt. denies any directions given to Banks to close inactive PM Jan Dhan Yojana accounts No directions have been given…

  • Income Tax

When Trust had no activities, CIT(E) to evaluate such explanation objectively – ITAT

10 months ago

When Trust had no activities, it was incumbent upon the CIT(E) to evaluate such explanation objectively then rejecting application for…

  • Income Tax

Profit from exchange rate fluctuation not export earnings, ineligible to benefit u/s 80 HHC

10 months ago

Profit from exchange rate fluctuation is independent of export earnings. Fluctuations from the EEFC account does not fall within the…

  • DGFT

Engagement of Yong Professionals during 2025 in DGFT, New Delhi – Application invited

10 months ago

Engagement of Yong Professionals during 2025 in DGFT, New Delhi - Application invited The Directorate General of Foreign Trade (DGFT)…

  • Income Tax

No response to notice u/s 133(6) in the manner AO expected no basis for making additions

10 months ago

Merely because of no response to notice u/s 133(6) in the manner the AO expected not a basis for making…

  • Income Tax

Interest on late payment of GST is compensatory and not penal for deduction u/s 37.

10 months ago

Interest paid on delayed payment of GST/VAT is compensatory and not penal in nature for allowability under section 37. In…

  • Income Tax

When appeal is set aside by ITAT consequential proceedings are fresh proceedings – ITAT

10 months ago

Once appeal of assessee is set aside by ITAT with certain directions, then the consequential proceedings are fresh proceedings -…

  • Service Tax

Facts not disclosed & surfaced on investigation amounts to wilful suppression to evade tax

10 months ago

New facts surfaced during investigation and would not have become known but for investigation amounts to wilful suppression to evade…