Latest Tax News & Updates

What is limited scrutiny in Income Tax?

What is limited scrutiny in Income Tax? In case of Income Tax assessment two types of cases have been selected…

7 years ago

FIR can be lodged under Code of Criminal Procedure for GST offences/ Case of Govind Enterprises Vs State of

Case of Govind Enterprises Vs State of UP reported in 2019-TIOL-1170-HCALL-GST Facts: Petitioner seeks quashing of first information report (FIR)…

7 years ago

What are the Important details required to be filled in the GSTR-9 ? || How to file GSTR 9

 Important details  are required for  file the GSTR-9:- Form GSTR-9 is the GST Annual return that has to be filed…

7 years ago

Third Amendment, 2019 to the CGST Rules (Composition Levy) || New Form Inserted – FORM GST CMP-08

Third Amendment, 2019 to the CGST Rules In exercise of the powers conferred by section 148 of the CGST Act,…

7 years ago

List of Goods and Services Not Eligible for Input Tax Credit-Under GST

Ineligible ITC under GST Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input…

7 years ago

Eligible Business under section 44AD ||Who is eligible and not eligible to take advantage of the presumptive taxation scheme of section 44AD?

​​​​​​​Eligible Business under section 44AD The presumptive taxation scheme of section 44AD of income tax Act 1961 can be adopted…

7 years ago

What is pre-construction period?||Home loan tax benefit

What is pre-construction period? While computing income chargeable to tax under the head "Income from house property" in case of…

7 years ago

What are the provisions relating to computation of capital gain in case of transfer of asset by way of gift, or through Will, etc.? || Capital Gain on Gifted Assets

Capital Gain on Gifted Assets Capital gain arises if a person transfers a capital asset. (land, building or jewelry or…

7 years ago

Exemption From GST Registration to dealers whose aggregate turnover ||GST Exemption limit for supply of Goods

 GST Exemption limit for supply of Goods The Central Government, on the recommendations of the Council, hereby specifies  Exemption from…

7 years ago

Procedure for GST registration ||Section 25 of CGST Act

Provision for GST registration.-Section 25 of CGST Act Every person/trader who is liable to be registered under section 22 or…

7 years ago