Summary: Section 51 of the GST Act mandates specified entities to deduct Tax Deducted at Source (TDS) on payments for goods or services under certain conditions. These entities include government ...

Summary: Presumptive Taxation under Section 44ADA of the Act simplifies tax compliance for Indian freelancers earning from Indian and foreign clients. Freelancers in specified professions with gross ...

Assignment, in the context of its legal definition, is not a service but a sale. Since, sale and service are not interchangeable, the levy of GST on assignment of leasehold rights would be ultra vires ...

For most students, a Forex Card is the best choice for managing daily expenses due to its cost-effectiveness, security, and ...

Conclusion- Faizan Shoes Pvt. Ltd. (48 Taxmann.com 48), it was held that where foreign agents had no PE in India, no part of their services would be rendered in India and therefore, there would be no ...

Futures and options are attractive to traders for several reasons. The primary appeal lies in the leverage they offer, ...

Habit Of Releasing Pleadings And Documents To The Media Before They Are Considered By The Courts Not Acceptable: Delhi HC ...

According to Notification No.8/2025-Central Tax dt. 23.01.2025, even if there is a delay in the filing of Form GSTR-9C, provided it is filed on or before 31.01.2025, the late fee will be restricted to ...

NCLAT Delhi held that initiated proceedings before the Debts Recovery Tribunal does not preclude Financial Creditors to take remedy under Section 7, which is a special remedy provided under the IBC.

ITAT Ahmedabad held that non-compliance to notices issued u/s. 250 by CIT (A) resulted into delayed appellate proceedings. Accordingly, cost of Rs. 5,000 imposed on the assessee for lack of diligence.

The present appeal has been preferred by the assessee against the order dated 19.02.2024 passed by the Ld. Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), Delhi [hereinafter ...

In the case of Karunakaran Leela vs. ITO, the ITAT Chennai reviewed the addition of ₹36.50 lakh made under Section 68 of the Income Tax Act for unexplained cash credits linked to unsecured loans. The ...