• Income Tax

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

11 months 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

11 months 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

11 months 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

11 months 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

11 months 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

11 months 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

11 months 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

11 months 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

11 months 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

11 months ago

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