GST ASMT-10 Notice: How to Reply
This article provides an overview of the process and requirements for replying to a GST ASMT-10 notice. Under the CGST Act, taxpayers may receive these notices to inform them of…
Understanding Section 54: A Guide to Capital Gains Tax Exemptions on Residential Property Sales
The world of finance and taxation can often seem like a labyrinth, especially when it comes to understanding the nuances of the Income Tax Act. However, with the right guide,…
Section 54F of the Income Tax Act: A Guide to Exemptions on Capital Gains
Taxation forms a significant part of any country’s financial framework, playing a pivotal role in the development and growth of the nation. Among the various forms of taxes, Income Tax…
Establishing Foreign Companies in India and Ensuring Compliance: A Comprehensive Guide
India, with its vibrant economy and business-friendly environment, has emerged as an attractive destination for foreign companies looking to expand their global footprint. However, navigating the legal and regulatory landscape…
ITR Filing Last (Due) Date Fy 2022-23 (Ay 2023-24)
The Income Tax Return (ITR) filing deadline for the Financial Year 2022-23 (FY 2022-23) is fast approaching, with a due date of July 31, 2023. The Assessment Year (AY) for…
Trademark Registration Process In India
Trademark registration is a crucial aspect of protecting a business’s brand identity and preventing others from copying it. In India, trademarks are protected under the Trademark Act, 1999, and can…
GSTR-9 Amnesty Scheme & Late Fees Amendment
The government has recently announced a significant relaxation in late fees for filing Form GSTR-9 (Annual Return) and introduced an amnesty scheme for non-filing of various GST returns and forms….
GST Practical Guide: Input Tax Credit
[vc_row][vc_column][vc_column_text]`[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_message]This GST Series focusses on practical aspects of GST Implementation. The focus is not on explaining GST concepts but to provide quick, short & concise answers to many day to…
Budget 2014-15 Main Highlights
Provided below are some of the main highlights of budget 2014-15 more from business point of view. We will update it during the budget day and provide detailed analysis later….
CBDT Extend Due Date of Filing Tax Audit Report Electronically Only
CBDT has extended due date of filing Tax Audit Report electronically only to 31st October, 2013 and has given an option to file Tax Audit Report physically before 30th September,…
271(1)(c) Penalty cannot be levied in case of Bonafide Mistake without intention to evade tax
It has been held by the Honorable ITAT Pune in the case of Amruta Organics Pvt. Ltd. Vs DCIT that penalty u/s 271(1)(c) cannot be levied where there is a…
Budget Updates 2013-14: Income Tax Proposals
Investment allowance @15 % allowed as deduction for new investment in Plant & Machinery over Rs. 100 Crores in addition to depreciation. In case of First Home Loan upto Rs….
