The Two member bench of  Mumbai Income Tax Appellate Tribunal ( ITAT ) directs readjudication for determining the municipal rateable value of the flats held as stock in trade The Assessee, La Kozy Builders LLP

A GST Practitioner is a tax professional authorised to prepare returns and conduct related tasks based on information provided by a taxable person. However, the ultimate legal responsibility for these filings rests with the taxpayer.

The Madras High Court ordered reconsideration of the  issue of Input Tax Credit ( ITC ) under Goods and Services Tax ( GST ) reversed due to the discrepancy in GSTR 3B returns and GSTR

The Composition Levy is an alternative method of levy of tax designed for small taxpayers whose turnover is below 1.5 crore. Moreover, it is optional and the eligible person opting to pay tax under this

Indeed, political parties have been receiving Unlimited funds, a term that implies ‘boundless’. The introduction of Electoral bonds six years ago facilitated this influx of "unlimited funds" into political coffers. Contrary to expectations, these sums

Filing Income Tax Returns ( ITR ) is a crucial annual exercise that all taxpayers must undertake diligently. As per the Income Tax Act, taxpayers are required to provide various documents to substantiate their tax

The Madras High Court ordered a pre-deposit of Rs. 2.50 crores for setting aside the Goods and Services Tax ( GST ) demand which was confirmed without the consideration of GSTR 9C. Renaatus Projects Private

The Madras High Court has granted another opportunity to the petitioner to explain the unreconciled turnover as they possess relevant documents on a pre-deposit condition of Rs. 50 lakhs. The Petitioner, Prince Foundations Limited received

Early Filing Statistics By April 29, a significant number of taxpayers had already filed their ITRs for FY 2023-24, with over 5.92 lakh returns submitted. Of these, more than 5.38 lakh were verified, and approximately

The Madras High Court allowed the petitioner to contest the Goods and Services Tax ( GST ) Liability on a pre-deposit of 10% of disputed tax demand. The bench observed that the liability was confirmed

The Madras High Court remanded the Goods and Services Tax ( GST ) demand for reconsideration on 10% pre-deposit condition as rectification was filed on error in reporting outward supplies and Input Tax Credit (

Below is the detailed Income Tax compliance schedule for May 2024. Adhering to these deadlines is essential to avoid penalties. Understanding and abiding to the specified income tax due dates are crucial to avoid late

The Delhi High Court directed to pay simple interest at 6 % on the amount of refund allowed under the Delhi Value Added Tax Act, ( DVAT ) 2004. The Refund Claim was delayed and

The Ministry of Corporate Affairs ( MCA ) has issued a timely reminder regarding the deadline for filing LLP Form 11 for Limited Liability Partnerships ( LLPs ). This important form must be submitted annually,

All businesses operating under the Goods and Services Tax ( GST ) regime with an Annual Aggregate Turnover ( AATO ) exceeding Rs. 5 crores: a critical deadline is fast approaching. You have only two