• GST

CBIC clarification on reversal for ITC availed by electronic commerce operators

12 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

12 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

12 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

12 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

12 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

12 months ago

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

  • FCRA

Clarification on treatment & accounting of refund of TDS related to Foreign Contribution

12 months ago

Clarification regarding treatment & accounting of refund of TDS pertaining to Foreign Contribution The Ministry of Home Affairs (FCRA Division)…

  • Income Tax

Delay of 1 and ½ years in filing appeal cannot be considered as inordinate delay – ITAT

12 months ago

Delay of 1 and ½ years cannot be considered as inordinate delay unless negligence or want of due diligence on…

  • Companies Act

MCA extends date for filing Form CSR-2 for the financial year 2023-2024 to 31.03.2025

12 months ago

MCA extends date for filing Form CSR-2 for the financial year 2023-2024 to 31.03.2025 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New…

  • Income Tax

If TDS already deposited belatedly, continuing proceedings u/s 276B/278B abuse of law – HC

12 months ago

If amount of TDS has already been deposited though belatedly, to allow the proceeding u/s 276B/278B will be abuse of…