Tax Guru18mOpinion
Misinterpretation of Section 87A: Tax Burden on Small Taxpayers
A correct interpretation of Section 87A of the Act will ensure both fair tax treatment for small taxpayers and the prevention ...
Tax Guru5h
Real Estate Agent Registeration In Gurugram (Haryana)
Gurugram, one of India’s leading real estate destinations, is witnessing a growing demand for RERA-registered agents due to ...
Tax Guru6h
Tax on Gift from Step-brother/sister under Section 56: ITAT Mumbai Ruling
1. Brief details of Information collected/received.
Tax Guru21m
Can GST Penalty Under Section 125 Be Imposed for Late GST Return Filing?
It is common knowledge that GST officials issue penalty notices u/s 125 of the GST Act for late filing of a GST return on the pretext that no specific penalty is provided for late filing of GST return ...
Tax Guru39m
CBIC Updates on Revenue, CGST Amnesty & Maritime Training
Additionally, CBIC announces a partnership between the National Academy of Customs, Indirect Taxes & Narcotics (NACIN) and the Indian Maritime University (IMU) to establish a Marine Customs Training ...
Tax Guru30m
IBBI Refers Complaint Against IP for Re-examination Over Procedural Concerns
The IBBI initiated an investigation under Section 218 of the Insolvency and Bankruptcy Code, 2016, citing multiple contraventions, including non-appointment of registered valuers, non-filing of CIRP ...
Tax Guru42m
ICSI Revises Training Entitlement for CS Trainers & Firms
Revised Entitlement of Trainees for Trainers (Company Secretary in Practice/Corporate Trainers/Other Entities/LLPs) registered with the Institute for imparting Long Term Practical Training to CS ...
Tax Guru7h
FAQs on SEZ Compliances for IFSC Units
As per Rule 22 of SEZ Rules, the BLUT is required to be executed by a SEZ unit with regard to its obligations and compliances ...
Tax Guru2h
Principle of ‘proof beyond reasonable doubt’ is applicable to criminal case and not under Income Tax
Delhi High Court held that principle enunciated in the criminal jurisprudence in respect of a ‘proof beyond reasonable doubt’ was erroneously applied to section 148 of the Income Tax Act. Thus, order ...
Tax Guru1h
Representation for Extension of Section 128A GST Amnesty Scheme
In light of these challenges, we humbly request an extension of the GST Amnesty Scheme deadline for tax payments from 31′ March 2025 to 30t h June, 2025 allowing the taxpayers additional time to ...
Tax Guru2h
Re-assessing time barred assessment based on subsequent CAG report not justifiable
Kerala High Court held that revenue cannot proceed to re-assess, on the basis of subsequent CAG report, the assessment which was time barred by virtue of limitation provisions u/s. 25 (1) of the KVAT ...
Tax Guru2h
Interest paid in respect of interest income attributable u/s. 80P(2) is allowable
ITAT Surat held that interest paid in respect of business profit attributable to section 80P (2) of the Income Tax Act is allowable. Accordingly, AO directed to consider direct nexus of interest paid ...