Goods & Service Tax (GST)

Defaulters to pay reconnection charges and 18% GST with arrears to restore power supply : MSEDCL

Defaulters to pay reconnection charges and 18% GST with arrears to restore power supply : MSEDCL

MSEDCL has informed defaulters that power will not be resumed until the overdue amount is...
Gujarat RERA Establishes Mediation Panel

E-way bill surge signals potential GST revenue boost

Higher e-way bill generation suggests improved compliance and economic activity, potentially impacting GST collection positively,...
Centre Announces 50% GST Relief to central police canteens; Ex-Paramilitary Association | A2Z Taxcorp LLP

GST Returns Scam: IIT-Hyderabad Promises All Possible Support to Telangana Tax Department

The Indian Institute of Technology, Hyderabad mentioned that it will extend all possible support to...
Restaurant pays Rs 30000 fine for charging Rs 15 extra as GST on water bottle

Restaurant pays Rs 30000 fine for charging Rs 15 extra as GST on water bottle

The Sambalpur District Consumer Court penalised a restaurant at VSS Marg in Sambalpur for charging...

50% GST Subsidy to central police canteens; Ex-Paramilitary Association

The Indian government has approved a subsidy that covers 50% of the GST for CAPF...

Demand order passed without issuance of a Show Cause Notice (“SCN”) are without legal basis and are required to be quashed.

The Hon’ble Allahabad High Court in the case of M/S YASH BUILDING MATERIAL VERSUS STATE...

Reclassification items for GST clarity in FMCG sector is on the cards of CBIC

The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list...
Haryana RERA slaps Rs 50 lakh fine on developer for violating norms

Vehicle Number In ‘Bilty’ Couldn’t Be Changed As Goods Were In Transit, E-Way Bill Was Updated: Allahabad HC Quashes Penalty Order

The Allahabad High Court has held that for goods in transit, vehicle number in bilty...

Income Tax

Taxpayer Is Entitled To Deduction On Capital Gains U/s 54 – Developer Made Mistake can’t penalize allotee

While overturning the findings of CIT(A) that the assessee does not satisfy the condition laid...

Finance ministry releases guideline for out-of-turn hearing of tax cases on PMO reference

A reference by the Prime Minister’s Office or “VIP” can help if an income tax...

Tackle Tax Mismatch Notices From Income Tax Department with these methods

Here is how you can handle payment of advance tax if you have received IT...

Received advance tax notice with inflated demand? It’s an error. Here’s what to

The IT department has acknowledged the error. “Income Tax Department has received information about certain significant...

Delhi woman gets 6 months jail for failing to file Income Tax Returns on ₹2 crore income

The woman's lawyer argued that she is an uneducated widow and has no one to...

Expression “Yes” could not be considered to be a valid approval under Section 151 of the Income Tax Act.

The Delhi High Court has held that the expression “yes” could not be considered to...

डोनेशन पर मिलता है टैक्स डिडक्शन का लाभ, क्लेम के लिए ये बातें हैं जरूरी

हम जो डोनेशन करते हैं उसके जरिये भी हम टैक्स कटौती का लाभ उठा सकते...

Stock Markets

10 Key Amendments in SEBI LODR Impacting Listed Entities

The Securities and Exchange Board of India (SEBI) recently amended the SEBI (Listing Obligations and...

Unclaimed Amounts Transferred to IEPF Under LODR Shall Not Bear Any Interest | SEBI

Introduction On October 25, 2023, the Securities and Exchange Board of India (SEBI) notified amendments to...

SEBI makes it easier for nominees to claim shares

Introduction The Securities and Exchange Board of India (SEBI) has made it easier for nominees to...

PE Trading in the Stock Market: A Comprehensive Guide with Mutual Fund Examples

Introduction Price-to-earnings (PE) trading is a popular stock trading strategy that involves buying and selling stocks...

How to Reclaim Shares and Dividend from IEPF: A Comprehensive Guide

Introduction The Investor Education and Protection Fund (IEPF) is a government-run fund that holds unclaimed and...

SEBI’s Working Groups to Recommend on Simplification, Ease of Compliance, and Reduction in Cost of Compliance: A Detailed Analysis

Introduction SEBI, the Securities and Exchange Board of India, has constituted 16 Working Groups to recommend...

KPMG Faces Backlash after Clean Report Issuance on SVB and Signature Bank – Analyzing 4 Red Flag Triggers that FED Missed

Accounting firm KPMG, one of the ‘Big 4’, that gave a clean chit to Silicon...

A Reward System Introduced by SEBI

Market regulator Sebi has introduced a reward system in order to recover fines from elusive...

Startups & Funding

US EV startups reducing cost and prices to tackle weak demand

US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a...

Nearly 75% of women-led startups still unfunded, says Tracxn report

There are currently 117,254 startups in the country, according to data from the Department for Promotion of Industry and Internal Trade India is home to...

Export Import

RODTEP extension will combat global snags

The extension of the remission of duties and taxes on exported products (RODTEP) scheme to include exports from special economic zones (SEZs) and export-oriented...

Govt eases import quality rules to help exporters

To give a push to e-commerce exports the government has also decided that the Electronic Bank Realisation Certificate (EBRC) will be self-generated from now....

Company Laws (ROC & MCA)

Accounting | Auditing | FEMA | IBBI | Labour Laws

Chartered Accountants Ireland brings in automation to support students

Chartered Accountants Ireland has rolled out robotic process automation across its institute. Automation services consultancy Future Workforce supported the process. Ian...

CA May Exams 2024 Dates: Would CA Inter, Final May Exams...

CA May Exams 2024 Dates: Would CA Inter, Final May Exams be Delayed? Students Wait for ICAI Notice Amid ReportsInstitute of Chartered Accountants of...

Articles & Featured

Interest under Income Tax – A brief Discussion

Part F of Chapter XVII...

Demand order passed without issuance of a Show Cause Notice (“SCN”)...

The Hon’ble Allahabad High Court in the case of M/S YASH BUILDING MATERIAL VERSUS STATE OF U.P. AND 2 OTHERS - 2024 (2) TMI...

CUSTOMS

Centre exempts gold import by RBI from customs duty, agri cess

The Centre on Wednesday said that gold imported by the Reserve Bank of India will be exempted from import duty and Agriculture Infrastructure Development...

Gold worth 3.6 crore seized by Mumbai Customs

Mumbai: Commissionerate, Mumbai Customs Zone III seized over 6.78 kg of gold valued at Rs 3.65 crore in 10 different cases. In one case,...

Wealth Creation & Management

Govt schemes turning youth innovation into wealth: Defence minister

LUCKNOW: Defence minister and Lucknow MP Rajnath Singh on Sunday emphasised the govt's commitment to advancing skill development and creating employment opportunities for the...

Good news for non-residents: Claiming treaty benefits to become easier

Non-resident taxpayers in India will soon have an easier time claiming treaty benefits. The Central Board of Direct Taxes (CBDT) is proposing a number...

Artificial Intelligence (AI)

MOST POPULAR

DELHI VAT – AREA WISE WARD LIST

DELHI VAT - AREA WISE WARD LIST Area VAT ward no. Connaught Place Blocks (A to N) 1 Connaught Place Palika Bazar and parking 1 Palika Bazar and parking 1 Ansal Bhawan 2 Barakhamba Road(southern...
tax refund

Tax Refund: Not yet received??

Once your income tax return (ITR) is processed, it ideally takes 30-45 days for you to receive your refund. If you had filed your...

Independent Director Registration – A Detailed Guide on Step by Step Process, Law and...

{UPDATE ALERT} MCA Relaxed Examination Criterion for Experienced Director's vide Notification Dated 28th Feb, 2020 - For Details read Comment Box Below the Post. With...
How to Transfer Cash Ledger Balance Between CGST, SGST & IGST

How to Transfer Cash Ledger Balance Between CGST, SGST & IGST

{UPDATE} :- PMT-09 has been activated on GST Portal w.e.f 21st April, 2020. under Services> Ledgers> Electronic Cash Ledger of GST Portal There has been a welcome...

ROC Search Report – How to Prepare and Format

ROC Search Report - How to Prepare and Format ROC Search Report - How to Prepare and Format In India, Registrar of Companies ('ROC') is created...
GST Department Starts Sending Audit Notice ADT-01 for AY 2017-18 & 2018-19 - List of Documents Seeked

GST Department Starts Sending Audit Notice ADT-01 for AY 2017-18 & 2018-19 – List...

GST department has started issuing notices for audit of financial year 17-18 and year 18-19 in FORM ADT-01. Many of the assessee clients are...
ANX-1 ANX-2 How to File

Penalties for Late Filing of GST Annual Return & Audit Report

Consequence of failure to submit the annual return and not getting the accounts audited Section 47(2) provides that in case of failure to submit the...
Do You Know What Is "Flexi Loan" of Bajaj Finance?

Do You Know What Is “Flexi Loan” of Bajaj Finance?

On Tuesday this week, Bajaj Finance Ltd. announced about its quarterly results that the profits fall by 19.40% to a consolidated net profit at...
GSTR- 9C Excel Offline Utility Download

Download Excel Utility for GSTR – 9C

CBIC has recently released excel offline utility of GSTR-9C for filing reconciliation statement and audit report under GST. Download your copy here. Introduction to...

Can I Get Register For GST at My Home Address

In a nutshell the answer is YES. Read on to know why and how part of the answer. Charteredonline Special Offer for GST Registration...

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Real Estate & RERA

Crypto & Digital Assets

Bitcoin rallies to two-year high above ,000, record high comes into view

Bitcoin rallies to two-year high above $65,000, record high comes into view

Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels.   The...

Scheme of Taxation for Cryptocurrency in Income Tax Budget 2022

Scheme for taxation of virtual digital assets Virtual digital assets have gained tremendous popularity in recent times and the volumes of trading in such digital...

FDI & ODI

Good news for non-residents: Claiming treaty benefits to become easier

Non-resident taxpayers in India will soon have an easier time claiming treaty benefits. The Central Board of Direct Taxes (CBDT) is proposing a number...

Transfer Pricing

Transfer pricing- Transaction price to be treated as arm’s length price...

As per the notification 45/2014 issued by the ministry of finance dated 23rd September 2014 the arm’s length price (determined under section 92 C of...

TDS

डोनेशन पर मिलता है टैक्स डिडक्शन का लाभ, क्लेम के लिए...

हम जो डोनेशन करते हैं उसके जरिये भी हम टैक्स कटौती का लाभ उठा सकते हैं। बता दें कि इनकम टैक्स एक्ट 1961 के...

International Taxation

13 Tax Friendly Destinations Across the Globe for On the Move Consultant

16 Tax Friendly Destinations Across the Globe for Digital Nomad

Digital nomad is one with the ability to work from anywhere, you have the opportunity to legally reduce your tax burden by strategically choosing...
Indian CA's Might Soon be Allowed to Practice in UK and Canada and Vice Versa under Ongoing FTA's

Indian CA’s Might Soon be Allowed to Practice in UK and Canada and Vice...

Chartered accountants from the UK and Canada might be allowed to practice in India on a reciprocal basis, with the apex body ICAI making...
UK releases guidance on TP records requirement for Permanent Establishment

UK releases guidance on TP records requirement for Permanent Establishment

Introduction On 24 November 2023, Her Majesty's Revenue and Customs (HMRC) released guidance on the transfer pricing (TP) documentation requirements for permanent establishments (PEs) in...

Money, Markets & Wealth