Tax Guru7 小时
Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law
In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...
Tax Guru6 小时
Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...
Tax Guru5 小时
No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
Tax Guru6 小时
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru1 小时
Denial of exemption u/s. 54B for purchase of agricultural land in name of wife not justified
ITAT Delhi held that denial of exemption under section 54B of the Income Tax Act for purchase of agricultural land in the name wife of the assessee is not justifiable. Accordingly, denial of benefit ...
Tax Guru1 小时
Society not entitled to exemption under sections 11 and 12 due to non-filing of return of ...
ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...
Tax Guru1 小时
FDI Limit in Insurance Sector Raised to 100% in Budget
Smt. Nirmala Sitharaman informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire ...
Tax Guru1 小时
NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME
LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000 UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS ...
Tax Guru1 小时
Explanatory Memoranda to Customs & Central Excise Notifications
Explanatory Memoranda to various Notifications issued on 1st February 2025 detail significant amendments in customs and excise duties, along with specific exemptions for various goods. Notification ...
Tax Guru2 小时
Budget 2025-26 Proposes 8 Key GST Amendments
Union Budget 2025-26 introduces key amendments to GST laws to enhance trade facilitation. Starting from April 1, 2025, input tax credit distribution will be allowed by Input Service Distributors for ...
Tax Guru2 小时
जीएसटी एक्ट में GSTR-9C पर विलंब शुल्क?
यह कि सीजीएसटी अधिनियम 2017 के अनुसार, जीएसटीआर 9 को वार्षिक रिटर्न कहा जाता है, जबकि जीएसटीआर 9सी को समाधान विवरण कहा जाता है। यह कि फाइलिंग प्रक्रिया के अनुसार सबसे पहले जीएसटीआर 9 जमा करना अनिवार्य ...
Tax Guru59 分钟
Budget 2025: Key Customs & Excise Changes in Finance Bill 2025
Government of India Ministry of Finance (Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 D.O.F.No.334/3/2025-TRU | Dated: 1st February, 2025. Dear ...