Govt is considering a revamp of Income Tax law to streamline capital gains, income tax rules: Sources
As per the recent tweet by ET Now, stated that the government is considering a revamp of Income Tax law […]
Important News, Income Tax
GST Recent News
Mortein Spray, Harpic & Lizol Cleaner- Not Classifiable as ‘Insecticide’ Under KVAT; Dettol A ‘Medicament’: Supreme Court
The Supreme Court bench comprising Justices M. R. Shah and Krishna Murari has ruled that Mosquito Mats, Coils and Vaporizers,
News, Service Tax 2023
Same activity can be taxed as ‘Goods’ & ‘Services’: Supreme Court upholds Levy of Service Tax on “Engineering Design & Drawings”
The Supreme Court has held that the import of “Engineering Design & Drawings” falls under the category of “design services” under section
Income Tax, News
Capital Gains Tax: Tweak in the offing? What Finance Ministry said on Income Tax revamp
After news reports suggested that there could be some tinkering in the tax structure, the Finance Ministry on Tuesday dismissed the claims. Clearing the
CESTAT, News
CESTAT allows CENVAT Credit of Service Tax paid on Corporate Membership of Club
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai, has allowed the CENVAT credit of service tax paid on
GST Recent News
Appeal by firm can be heard even without certified copy of order: HC
The Punjab and Haryana High Court has ruled that an appeal by a company to claim the input tax credit
GST Recent News
GST Intelligence to soon wrap up probe into 12 online gaming companies for tax evasion
The Directorate General of GST Intelligence (DGGI) is close to completing its investigation in a dozen of online gaming companies
GST Law, Important News
ICAI extends the last date for updation of Member’s Profile with GSTIN at Self Service Portal till April 23, 2023
The Institute of Chartered Accountants of India (“ICAI”) issued an Announcement dated April 17, 2023 extending the last date for
GST Law, Important Pronouncements
IGST Act cannot levy CGST & MGST: Bombay HC
The Hon’ble Bombay High Court while confirming the legal validity of Section 13(8)(b) of the Integrated Goods and Services Tax,
Income Tax, News
Income Tax Act; For a company to be a “Resident” in India, Domicile or Registration irrelevant; test is where De Facto Control Lies : Supreme Court
The Supreme Court has ruled that under the Income Tax Act, 1961, the domicile or the registration of the company