Overview of the Delhi High Court Ruling on Permanent Establishments The Delhi High Court (HC) recently issued an important ruling regarding Permanent Establishments (PEs), specifically addressing the issue of profit…
Introduction to ITAT The Income Tax Appellate Tribunal (ITAT) is a quasi-judicial body in India that handles appeals against orders passed by income tax authorities. It plays a crucial role…
Tax Deducted at Source (TDS) is a mechanism within the Goods and Services Tax (GST) framework in India designed to collect tax at the source of the transaction. This concept…
Interest waivers play a crucial role in tax administration by offering relief to taxpayers facing genuine hardships while encouraging compliance with tax laws. When taxpayers fail to meet their tax…
What is e-Invoicing? E-invoicing is a system where businesses electronically generate and authenticate invoices in a standard format on a designated portal. This process ensures real-time tracking of invoices and…
In the Goods and Services Tax (GST) system, taxpayers may sometimes make voluntary payments that are not directly tied to a specific demand or liability. These payments could be made…
The Goods and Services Tax (GST) Council in India has implemented various relief measures to improve tax compliance, simplify business operations, and foster research activities. The recent GST Council meeting,…
Case Introduction: Ardor Overseas Pvt. Ltd. vs. DCIT Unsecured Loans in Business Financing Unsecured loans play a significant role in business financing as they provide access to funds without requiring…
Introduction: The Need for Balance The globalized economy relies heavily on the seamless flow of imports and exports. However, this flow can be disrupted by the need to investigate tax…