ITAT to examine AMCs to find out whether TDS is required to be deducted under Section 194C or 194J In a recent judgment, Hon’ble Bombay High Court remanded case for re-examination of the AMCs to find out whether TDS ought to have been deducted under Section 194C or …

Money accumulated by fraud and deception not income from trade and business but is proceeds of crime – High Court In a recent judgment, Hon’ble Delhi High Court has held that money accumulated by fraud and deception can not be said to have been earned by trade and …

ICAI defers Guidance Note on Financial Statements of Non-Corporate entities and LLPS for FY 2024-25 ICAI announces relaxation in compliance with the ‘Guidance Note on Financial Statements of Non-Corporate entities’ and ‘Guidance Note on Financial Statements of Limited Liability Partnerships’ for annual reporting period 2024-25 The Institute of …

Financial Assistance Scheme of Delhi Government for Persons with Benchmark Disabilities having High Support Need. Delhi Govt. has notified a financial assistance scheme of Rs. 6000 per month for persons with benchmark disabilities having high support need. The Scheme shall to provide financial aid of Rs. 6000 per …

Placing Genset in steel container & fitting it with additional integral parts amounted to manufacture In a recent judgment, Hon’ble Supreme Court has held that process of placing Genset within steel container and fitting container with additional, integral components brings into existence a new, distinct, and marketable commodity. …

CBIC has issues FAQs on GST Rate Rationalization based on recommendations of the GST Council in its 56th Meeting on 3rd September, 2025 Frequently Asked Questions on GST Rate Rationalization Q1. Is it required to recall and re-label MRP on medicines already in the supply chain before 22nd …