Examining the Anti-Profiteering Clause in GST
Goods and Services Tax (GST) was introduced in India as a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout the nation. Its aim is…
Tax Loss Harvesting: How It Works in India
Tax loss harvesting is a strategic financial practice utilized by savvy investors to reduce their tax liability arising from capital gains. By selling certain investments at a loss, investors can…
Procedure for Appeal against Cancellation of GST Registration
Goods and Services Tax (GST) has transformed the Indian economic landscape since its implementation in July 2017. GST has brought about a uniform taxation structure, ensuring the seamless flow of…
Exploring Assessment and Appeals in the Black Money Act
Taxes are not just statutory obligations; they are the backbone of a nation’s development, enabling the government to build infrastructure, provide essential services, and foster economic growth. Despite these benefits,…
Use of Gift as Colourable Device to attain eligibility for exemption u/s 54F Not Allowed: Hyderabad ITAT
In a landmark judgment that reverberates through the corridors of tax planning and legal stratagems, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) laid down a decisive ruling…
GST | Income Tax | TDS
A Comprehensive Guide to Tax Implications on Renting of Property: TDS, GST & Income Tax Discussed
Navigating the vast and intricate world of finance can be both challenging and enlightening, especially when it comes to understanding rental properties and the ensuing tax implications. This article serves…
Protection and Rights of Minority Shareholders from Oppression & Mismanagement under Companies Act, 2013
A joint stock company thrives on the collective investment of numerous shareholders. While major decisions within the company are taken by those who hold a majority of shares, the rights…
GST Process & Procedure in case of Amalgamation of Business
Amalgamation characterizes the unification of two or more companies to form a single, more extensive entity. It’s a strategic maneuver often undertaken to amplify the corporate entity’s market reach, attain…
Mandatory Dematerialisation of Securities (Shares) by Private Companies : Latest Amendment
The landscape of corporate finance and securities management in India is on the cusp of a significant transformation. In line with the progressive strides in digital technologies and the push…
Cryptocurrency Taxes in India 2024 : A Comprehensive Guide
Cryptocurrencies, heralded as the forefront of technological evolution in finance, are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they are decentralized and typically operate on…
Proposed Amendment to Section 74A to Streamline Assessment Proceedings under GST
Since its inception, the Goods and Services Tax (GST) has continuously evolved, seeking to simplify compliance while ensuring effective tax administration. The role of the GST Council is pivotal, introducing…
Timeframe for Job Work under GST, Consequences of Delay & Extension Procedure
In the diverse tapestry of India’s taxation framework, the Goods and Services Tax (GST) is a critical unifier of indirect taxes, streamlining the complexities into a more cohesive structure. Within…