ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana ...

Explanation: The traffic-in-transit route via rail through Raxaul would be as per Treaty of Transit between India and Nepal ...

One of the top trading mistakes to avoid is treating margin trades like long-term investments. They’re not. Let’s be real, ...

Chhattisgarh High Court held that upholding of addition by CIT (A) and ITAT merely on the basis of non-appearance without ...

Premiums paid for critical illness, surgical care, or similar covers are eligible for deductions up to ₹25000 under Section ...

Immovable Property: If any immovable property is received without consideration and the stamp duty value (‘SDV’) exceeds ...

The ‘on money’ gets surfaced during search and surveys in the form of loose sheets, chits, diaries, whatsapp chats, ...

While expressing its fuming anger at the most horrific incident which demonstrated complete naked gross misuse of power which shook the entire nation, the Punjab and Haryana High Court at Chandigarh ...

Expediency and Deceit of the American politics Can President Donald Trump and American administration be trusted? American poet, critic, editor, and diplomat James Russel Lowell said, “All truth is ...

TIS is a summary version of the AIS. So, if your AIS and TIS show something you didn’t include in your ITR, it could trigger a notice. Here’s the thing — many taxpayers don’t even check their AIS and ...

ITAT Ahmedabad held that addition invoking provisions of section 50C (2) of the Income Tax Act without referring the valuation of the capital asset to the valuation officer is not justifiable.

The GST framework for hotel accommodation and restaurant services has been revised, effective April 1, 2025, as per Notification No. 05/2025 – Central Tax ...