Clipped from: https://sahakaradda.com/housing-society-issues-and-solutions/ Please take note of important changes in the definition of an Associate Member as per amended Maharashtra Cooperative Societies Act w.e.f. 9/03/2019 Prior to
Day: December 5, 2023
Reassessment u/s 153A Requires Incriminating Material: Delhi HC
https://taxguru.in/income-tax/reassessment-u-s-153a-requires-incriminating-material-delhi-hc.html Clipped from: https://taxguru.in/income-tax/reassessment-u-s-153a-requires-incriminating-material-delhi-hc.html ACIT Vs Saluja Construction Co. Ltd (Delhi High Court) Introduction: In a recent case, the Delhi High Court addressed the critical issue of
No Penalty if no inaccurate Reporting and no Concealment by Assessee
https://taxguru.in/income-tax/penalty-inaccurate-reporting-concealment-assessee.html Clipped from: https://taxguru.in/income-tax/penalty-inaccurate-reporting-concealment-assessee.html CIT Vs Standard Chartered Grindlays Pty Ltd (Delhi High Court) Introduction: The recent decision by the Delhi High Court in the case of
Non-Consideration of Reply Violates Natural Justice; HC Grants Opportunity of Hearing
https://taxguru.in/goods-and-service-tax/gst-non-consideration-reply-violates-natural-justice-hc-grants-opportunity-hearing.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-non-consideration-reply-violates-natural-justice-hc-grants-opportunity-hearing.html Daksh Enterprise Vs Commissioner Of State Tax (Gujarat High Court) Introduction: In a recent judgment, the Gujarat High Court addressed a critical issue
Goods Sent out of India on Approval basis does not Attract IGST at Time of Re-import : CESTAT Quashes Customs Duty Demand
Clipped from: https://www.taxscan.in/goods-sent-out-of-india-on-approval-basis-does-not-attract-igst-at-time-of-re-import-cestat-quashes-customs-duty-demand/341529/ The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the goods sent out of India on an approval
GST Rule 42 and 43: Reversal of Input Tax Credit
https://taxguru.in/goods-and-service-tax/gst-rule-42-43-reversal-input-tax-credit.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-rule-42-43-reversal-input-tax-credit.html In the realm of Goods and Services Tax (GST), businesses navigate the intricacies of Input Tax Credit (ITC) and its reversal under
Income Tax Reassessment Requires valid service of Section 148 Notice
https://taxguru.in/income-tax/income-tax-reassessment-requires-valid-service-section-148-notice.html Clipped from: https://taxguru.in/income-tax/income-tax-reassessment-requires-valid-service-section-148-notice.html PCIT Vs Madhu Gupta (Delhi High Court) Introduction: A recent judgment by the Delhi High Court in the case of PCIT vs. Madhu
Application u/s 7 IBC Cannot Be Initiated Against a Struck-off Company: NCLT
Clipped from: https://www.taxscan.in/application-u-s-7-ibc-cannot-be-initiated-against-a-struck-off-company-nclt/349302/ The NCLT rules that struck off company not liable for action u/s 7 of IBC. The New Delhi Bench of the National Company Law Tribunal
Discard ITR Option: All You Need to Know
Discard ITR Option: All You Need to Know
Discard ITR Option: All You Need to Know
Clipped from: https://www.taxscan.in/discard-itr-option-all-you-need-to-know/347309/ By Manu Sharma – On November 28, 2023 10:47 am – 3 mins read The Income Tax Portal now allows users to discard the Income Tax Returns (ITRs) filed
Difference Between TCS and TDS: A Critical Analysis
Clipped from: https://www.taxscan.in/difference-between-tcs-and-tds-a-critical-analysis/349547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Difference%20Between%20TCS%20and%20TDS:%20A%20Critical%20Analysis INTRODUCTION TDS stands for Tax Deducted at Source. It is the tax amount that the government collects directly from the recipient’s income immediately
GST Taxpayers Exceeding 5 crores AATO must Include 6-Digit HSN in E-invoices from Dec 15, 2023
Clipped from: https://www.taxscan.in/important-update-gst-taxpayers-exceeding-5-crores-aato-must-include-6-digit-hsn-in-e-invoices-from-dec-15-2023/349822/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Important%20Update:%20GST%20Taxpayers%20Exceeding%205%20crores%20AATO%20must%20Include%206-Digit%20HSN%20in%20E-invoices%20from%20Dec%2015,%202023 From December 15, 2023, the GST e-invoice system mandates a minimum 6-digit HSN code for taxpayers with an Annual Aggregate Turnover (AATO) exceeding
Service Tax Demand based on Form 26 AS from Income Tax Dept without Investigation is Invalid: CESTAT
Clipped from: https://www.taxscan.in/service-tax-demand-based-on-form-26-as-from-income-tax-dept-without-investigation-is-invalid-cestat/342057/ The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) has held that service tax demand based on Form 26 AS from the
Important Update: E-way Bill System Issues Advisory on Verification of Transporter ID in E-way Bills
Clipped from: https://www.taxscan.in/important-update-e-way-bill-system-issues-advisory-on-verification-of-transporter-id-in-e-way-bills/341938/ The E-way bill system has issued an advisory on verification of transporter ID in E-way bills based on the queries received by the
Online Compliance Advisory: ITC Mismatch Resolution with GST DRC-01C
https://taxguru.in/goods-and-service-tax/online-compliance-advisory-itc-mismatch-resolution-gst-drc-01c.html Clipped from: https://taxguru.in/goods-and-service-tax/online-compliance-advisory-itc-mismatch-resolution-gst-drc-01c.html Introduction: As of November 14, 2023, the Goods and Services Tax Network (GSTN) has introduced a crucial feature to address discrepancies in Input
Understanding ITC Reversal: Rule 37(A) Compliance Guide
https://taxguru.in/goods-and-service-tax/understanding-itc-reversal-rule-37a-compliance-guide.html Clipped from: https://taxguru.in/goods-and-service-tax/understanding-itc-reversal-rule-37a-compliance-guide.html Introduction: On November 14, 2023, Team GSTN issued crucial information regarding Input Tax Credit (ITC) reversal obligations under Rule 37(A) of the CGST Rules,
NRI Property Purchase in India: Guidelines, Permissions & Procedures
https://taxguru.in/rbi/nri-property-purchase-india-guidelines-permissions-procedures.html Clipped from: https://taxguru.in/rbi/nri-property-purchase-india-guidelines-permissions-procedures.html Introduction: The acquisition of commercial or residential property in India by Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) is governed by
Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs readjudication
Clipped from: https://www.taxscan.in/notice-for-reopening-assessment-in-respect-of-issue-of-capital-gain-issued-in-name-of-deceased-person-itat-directs-re-adjudication/342856/ By Aparna. M – On November 15, 2023 6:00 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing the reassessment of the
RERA Definitions: Adjudicating Officer, Advertisement, Sale Agreements & Allottee
https://taxguru.in/corporate-law/rera-definitions-adjudicating-officer-advertisement-sale-agreements-allottee.html Clipped from: https://taxguru.in/corporate-law/rera-definitions-adjudicating-officer-advertisement-sale-agreements-allottee.html RERA – Important Definitions and References in all other Statutes Indeed, the real estate sector plays a pivotal role in addressing the
Timely Notice In GST Evasion Cases: Section 73(2) & Its Implications
https://taxguru.in/goods-and-service-tax/timely-notice-gst-evasion-cases-unveiling-section-73-2-implications.html Clipped from: https://taxguru.in/goods-and-service-tax/timely-notice-gst-evasion-cases-unveiling-section-73-2-implications.html Introduction: In the complex landscape of Goods and Services Tax (GST) laws in India, understanding the intricacies of notices, penalties, and timely compliance
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