https://taxguru.in/income-tax/section-80p-deduction-eligible-fdr-interest-bank-of-baroda-itat-ahmedabad.html Clipped from: https://taxguru.in/income-tax/section-80p-deduction-eligible-fdr-interest-bank-of-baroda-itat-ahmedabad.html Matar Taluka Local Board Teachers Co-operative Credit Society Ltd. Vs DCIT (ITAT Ahmedabad) Introduction: In a significant ruling by the Income Tax Appellate
Category: Seven Star
👌👌👌👌👌👌👌Service Tax demand merely on Form 26AS Not Sustainable: CESTAT Kolkata
https://taxguru.in/service-tax/service-tax-demand-based-form-26as-sustainable-cestat-kolkata.html Clipped from: https://taxguru.in/service-tax/service-tax-demand-based-form-26as-sustainable-cestat-kolkata.html Rishu Enterprise Vs Commissioner of CGST & Excise (CESTAT Kolkata) Introduction: The case of Rishu Enterprise vs. Commissioner of CGST & Excise, heard
E-invoice Compliance under GST: Changes and Implementation
https://taxguru.in/goods-and-service-tax/e-invoice-compliance-gst-changes-implementation.html Clipped from: https://taxguru.in/goods-and-service-tax/e-invoice-compliance-gst-changes-implementation.html Introduction: Discover the recent changes in e-invoice compliance under GST with the Central Board of Indirect Taxes reducing the turnover limit to Rs.5.00
Amendment in Section 43B: Impact on MSME Payments and Tax Liability
https://taxguru.in/income-tax/section-43b-amendment-msme-payments-tax-liability.html Clipped from: https://taxguru.in/income-tax/section-43b-amendment-msme-payments-tax-liability.html Introduction: Section 43B of the Income Tax Act, 1961, underwent a significant amendment through the Budget 2023, introducing Clause(h). This clause focuses on
Understanding Section 22 of GST Act 2017: Registration Requirements
https://taxguru.in/goods-and-service-tax/section-22-gst-act-2017-registration-requirements.html Clipped from: https://taxguru.in/goods-and-service-tax/section-22-gst-act-2017-registration-requirements.html Introduction: Section 22 of the GST Act, 2017 outlines the registration requirements for suppliers. This article delves into the meaning, definition, and analysis
Demystifying Section 43B: MSME Payment Deductions & Union Budget 2023
https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Clipped from: https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Latest Important Amendment in Section 43B of Income Tax Act related to MSME (Small and Micro) vide insertion of Clause (h) to
Section 43B Amendment: MSME Dues Disallowance Post Budget, 2023
https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Clipped from: https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause
Study on MSME – A Game Changer
https://taxguru.in/income-tax/study-msme-game-changer.html Clipped from: https://taxguru.in/income-tax/study-msme-game-changer.html Introduction All Business Enterprises, whether commercial or non-commercial, commence their activities in a bootstrapped manner. Over the years, with their vision, persistent
E-Invoicing under Indian GST Law
https://taxguru.in/goods-and-service-tax/e-invoicing-indian-gst-law.html Clipped from: https://taxguru.in/goods-and-service-tax/e-invoicing-indian-gst-law.html Introduction: E-invoicing under the Indian GST law is a concept which is similar to e-way bill where the details of the tax
MSME Payments under Section 43B(h): Deductions on Actual Payment
Read more at: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Clipped from: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Payment to MSME in Section 43B(h) Income Tax Certain deductions to be only on actual payment Introduction: The
Fine over high fee, 16 years age limit: New coaching centre norms explained
https://www.business-standard.com/education/news/fine-over-high-fee-16-years-age-limit-new-coaching-centre-norms-explained-124011900218_1.html Clipped from: https://www.business-standard.com/education/news/fine-over-high-fee-16-years-age-limit-new-coaching-centre-norms-explained-124011900218_1.html The development follows amid increasing cases of suicides by students in Rajasthan’s Kota and elsewhere, stemming from a mental-health epidemic due to
Handling Show Cause Notices under Section 73-74 of GST: A Comprehensive Guide
https://taxguru.in/goods-and-service-tax/handling-show-cause-notices-section-73-74-gst-comprehensive-guide.html Clipped from: https://taxguru.in/goods-and-service-tax/handling-show-cause-notices-section-73-74-gst-comprehensive-guide.html Introduction All of us must be aware that the State Governments had issued Show Cause Notices in form DRC-01 under section 73/74
Tax Judgments of Supreme Court Annual Digest 2023 [Part-1]
Clipped from: https://www.taxscan.in/tax-judgments-of-supreme-court-annual-digest-2023-part-1/359021/ This Annual Digest of Supreme Court Cases analytically summarizes all Income Tax and Indirect Tax related cases heard by the Apex Court reported
Understanding Residency Status for Property Sale by NRIs in India
https://taxguru.in/income-tax/understanding-residency-status-property-sale-nris-india.html Clipped from: https://taxguru.in/income-tax/understanding-residency-status-property-sale-nris-india.html Introduction: Navigating the complexities of property transactions in India as a Non-Resident Indian (NRI) involves understanding the intricate web of regulations and tax
GST Registration: Simplified And Quick Procedure
https://taxguru.in/goods-and-service-tax/gst-registration-simplified-quick-procedure.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-registration-simplified-quick-procedure.html Introduction: Explore the streamlined process of Goods and Services Tax (GST) registration, ensuring a hassle-free experience for businesses. GST, introduced in 2016, aims
MSME Udyam Registration Process and Benefits
https://taxguru.in/chartered-accountant/msme-udyam-registration-process-benefits.html Clipped from: https://taxguru.in/chartered-accountant/msme-udyam-registration-process-benefits.html Introduction: Fueling the Indian economy, MSMEs stand as its bedrock. With a democratic ethos and widespread economic participation, the Indian government prioritizes their
GST department obligated to provide hearing if adverse decision contemplated
https://taxguru.in/goods-and-service-tax/gst-department-obligated-provide-hearing-adverse-decision-contemplated.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-department-obligated-provide-hearing-adverse-decision-contemplated.html Primeone Work Force Pvt. Ltd. Vs Union of India (Allahabad High Court) 1. Introduction: The Allahabad High Court, in response to four writ
There must be ease of winding up business, too – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/emerging-entrepreneurs/there-must-be-ease-of-winding-up-business-too/article67740406.ece Clipped from: https://www.thehindubusinessline.com/specials/emerging-entrepreneurs/there-must-be-ease-of-winding-up-business-too/article67740406.ece Why a business that wants to down shutters must be offered the right kind of support The World Bank regularly publishes an
Draft Assessment Order not issued: HC Quashed final Assessment Order
https://taxguru.in/income-tax/draft-assessment-order-not-issued-hc-quashed-final-assessment-order.html Clipped from: https://taxguru.in/income-tax/draft-assessment-order-not-issued-hc-quashed-final-assessment-order.html Rinku R. Rai Vs ITO (Bombay High Court) Introduction: The recent judgment of the Bombay High Court in the case of Rinku R.
Income Tax Notice Invalid if not mailed on Registered Email ID: Karnataka HC
https://taxguru.in/income-tax/income-tax-notice-invalid-not-mailed-registered-email-id-karnataka-hc.html Clipped from: https://taxguru.in/income-tax/income-tax-notice-invalid-not-mailed-registered-email-id-karnataka-hc.html Sterling Urban Ventures Private Limited Vs Assessment Unit (Karnataka High Court) Introduction: The recent case of Sterling Urban Ventures Private Limited Vs Assessment
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