In past couple of years, there have been notable updates to India’s Goods and Services Tax (GST) and Tax Collection at Source (TCS) under Income Tax Act, 1961 regulations affecting travel agents and ...

So accordingly Maximum Rate of Tax should be 25% for Individual, HUF, AOP and BOI. Same way tax on Firms, LLP and Companies should be 25%. Standard Deduction which was increase from 50,000 to 75,000 ...

Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s contribution has decreased from more than ...

Noted that, Section 73 of the Central Goods and Services Tax Act, is only attracted when it appears to proper officer that any tax has not been paid or short paid or erroneously refunded or where ...

If you are a Business Owner or an Entrepreneur or a Professional, this write-up is for you. -Every time a new year approaches, we take resolutions for the upcoming year. -This time take resolutions ...

Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...

Though CPC will not strictly apply to the proceedings under I & B Code, the principles laid down will still continue to guide ...

In the matter abovementioned ITAT remanded the matter to AO after observing that assessee has explained sufficient cause in ...

The allegations were based on supposed bogus purchases from certain traders, which the petitioners contested, asserting that ...

ITAT Ahmedabad held that addition towards unexplained cash deposits not justified as CIT (A) has partly accepted the cash ...

2. The petitioner is an individual. For the assessment year 2016-17, the petitioner has filed his original return of income ...

Agreed Contribution: Each partner is required to contribute the shared capital of the LLP, as specified and agreed upon.