GST for E-commerce Companies
What is E-commerce Operator? Electronic Commerce Operator has been defined to mean any person who owns, operates or manages digital or electronic facility or platform for electronic commerce. And Electronic…
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,…
All About Service Tax VCES (Voluntary Compliance Encouragement Scheme) 2013
VCES – Voluntary Compliance Encouragement Scheme,2013 The Honorable Finance Minister has introduced Service Tax Voluntary Compliance Scheme in his budget speech for the year 2013. This scheme is aimed to…
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….
Sanofi Vs Vodafone: An Analysis
In the recent case law of Sanofi Pasteur Holding SA Vs Dept of Revenue, Andhra HC there are various landmark analysis of various provision of DTAA, Income Tax as well as,…
Tax Planning Through House Property
[img w=”599″ h=”377″]https://www.ahujaandahuja.in/wp-content/uploads/2012/09/tax-saving-house2.jpg[/img] A penny saved is a penny earned. Nothing can be truer than this when it comes to smart investing through better tax planning. Many investors look at…
[Sec 147] Reopening not justified only on the basis of Reversal of Law by higher court
The Honorable Supreme Court in its judgement dated 11th September, 2012 has held that change in legal position due to reversal of a judgement by a higher court is not…