Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

The new fee structure is in line with the circular issued on May 17, 2023, regarding fees for entities undertaking financial activities in IFSC. All previous provisions remain applicable. Payment ...

However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based on data analysis and risk parameters for Biometric-based Aadhaar ...

The property had been generating a monthly rent of Rs. 2.05 lakhs and was sold to the existing tenant. The Assessing Officer (AO) examined this transaction and, in the assessment order, noted the ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

The Tribunal ruled that the demand raised was not sustainable, and Alpha Industries was not liable to pay additional excise duty on the VAT incentive amount.

Any individual trained to review and verify accounting data and recognised as a Chartered Accountant (CA) under the Chartered Accountant Act, 1949 is deemed to be an auditor. Every company needs to ...

High Court has held that where the proceedings have been concluded against the recipient under Section 73 of Central Goods and Services (‘CGST’) Act due to non-reflection of ITC in the relevant ...

The petitioner further informed the court that subsequent notifications from both the Central and State revenue authorities had modified the deposit requirement for the stay, reducing it to 10% of the ...

The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal filed by Shoukat Mohd. Khan against an order of the Commissioner of Income-Tax (Appeals)-3, Bhopal [“CIT (A)”]. The ...

The issue arose from a show-cause notice dated March 26, 2013, where the revenue proposed to demand duty from the appellant, arguing that the initial notification was effectively amended, restricting ...