Kerala High Court has ruled in favor of petitioner Shabu George, directing the release of cash seized by tax authorities under the GST Act. The case originated from a search operation on June 9, 2022, ...

West Bengal Authority for Advance Ruling (AAR) recently addressed the issue of GST applicability on the sale of assets during the liquidation process of Maheshwary Ispat Limited. The company is ...

Authority for Advance Rulings (AAR), West Bengal, examined the applicability of GST on the reimbursement of municipal property tax ...

Authority for Advance Rulings (AAR), West Bengal, examined whether GST applies to the reimbursement of electricity charges colle ...

However, if the exclusion criteria were not met, a 5% GST rate would apply. The department confirmed that such exemption would depend on the nature of the supply and its compliance with Rule 3 (c) of ...

Starting a business in India requires choosing the right business structure. One Person Company (OPC) registration is a popular option for entrepreneurs who ...

Despite these mandates, compliance often remains superficial—companies appoint women directors just to meet statutory obligations, not to create a real impact. Gender biases, cultural barriers, and ...

Corporate Taxes: Businesses that pay higher corporate taxes may see a rise in production costs. Inflation may result if companies pass these higher expenses on to customers. Nonetheless, the ...

Summary: The rationalization of Tax Deducted at Source (TDS) provisions aims to improve liquidity for taxpayers by increasing threshold limits and reducing tax deduction rates. Historically, TDS has ...

Investment in Mutual Funds is highly risky compared to FDR but less risky than investing in stock exchange directly. From the Mutual Fund your uncle can earn yearly income @12% to 13%.

One of the most common mistakes is missing the due date for filing annual returns. Pvt Ltd companies ought to record: Form MGT-7: For the yearly go back within 60 days of the Annual General Meeting ...

Summary: आयकर अधिनियम, 1961 में आय की परिभाषा सैलरी और लीगल पर्सन के लिए अलग-अलग है, जिससे टैक्स दरों और दायित्वों में असमानता आती है। सैलरी पर्सन (मानव द्वारा अर्जित आय) को अपनी पूरी सैलरी पर टैक्स द ...