Sections 206AA and 206AB of the Income Tax Act, 1961 impose higher TDS rates under specific conditions. Section 206AA mandates...
Notifications
Introduction of Self-Assessment under GST Self-assessment under the Goods and Services Tax (GST) regime is a key feature that empowers...
In a recent order dated August 23, 2024, the First Appellate Authority of the Insolvency and Bankruptcy Board of India...
Notification No. 55/2024-Customs (N.T.) dated 23.08.2024 to amend Notification no 77/2023 -Customs (N. T.) dated 20.10.2023 (to revise the AIR...
Unit of measurement for sale of ‘food wrapping paper and Aluminium foils’ used for carrying food products in “kg” and/or...
Tvl. Balaiah Venkatesh Vs State Tax Officer (Circle) (Madras High Court) In the case of Tvl. Balaiah Venkatesh Vs State...
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability/ITC Statement” has been...
Inquiries about intimation under Section 143(1) of the Income Tax Act, 1961 are addressed succinctly in this FAQ guide. Intimation...
Introduction: The landscape of tax regulations pertaining to charitable and religious trusts has recently undergone significant changes, aimed at enhancing...
Summary: The International Monetary Fund (IMF) has increased India’s GDP growth forecast for FY 2024-25 to 7%, reaffirming its position as...