Have you heard about CHA? Becoming a Customs House Agent (CHA) in India involves a series of steps, as mentioned under the Customs Broker Licensing Regulations (CBLR), 2018. A CHA is referred to as a

Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,

Recently, Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside a penalty of Rs. 58.97 lakh imposed by the Assessing Officer ( AO ), noting that the issue of disallowance of

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded Power Equipment Company's case to the Commissioner of Income Tax (Appeals) CIT(A), National Faceless Appeal Centre ( NFAC )  for re-examination of the

The Joint Commissioner (Appeals), being the First Appellate Authority of Goods and Services Tax (GST) matters recently affirmed that no appeals may be entertained by the GST Appellate Authority if the appeal is not accompanied

The Evolution of the Chartered Accountant Profession in India The profession of Chartered Accountancy ( CA ) in India dates back to 1949 when the Institute of Chartered Accountants of India ( ICAI ) was

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan from 30 November 2024 to 6 December 2024. ITAT Remands Case to CIT(A) for

The Hyderabad bench of the National Company Law Tribunal ( NCLT ) held that the Comittee of Creditors ( CoCs ) can take decision to consolidate the Corporate Insolvency Resolution Process ( CIRP ). The

This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Confiscation of Digital Multifunction Equipment due to Non-payment

Introduction: The Appeal of Freebies In a Reserve Bank of India report in 2022, freebies have been defined as “a public welfare measure that is provided free of charge”. It adds that freebies are different from public/merit

The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that liquidators can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of theInsolvency and

1Q: What are digital assets? A: Digital assets include cryptocurrencies, non-fungible tokens ( NFTs ), tokenized digital securities, and any other assets stored in a digital or blockchain format.2Q: How are cryptocurrencies taxed in India?

The Enforcement Directorate (ED) has arrested two chartered accountants (CA) and a cryptocurrency trader in connection with a Rs 640 crore money laundering scheme linked to a cyber fraud investigation. Between November 28 and 30,

In a notification dated December 4, 2024, the Ministry of Finance announced the imposition of provisional anti-dumping duties on imports of "Textured Tempered Coated and Uncoated Glass" from China and Vietnam. This measure follows preliminary

The Income Tax Appellate Tribunal (ITAT), New Delhi recently granted relief to Cheil India by affirming that Corporate Social Responsibility (CSR) expenses incurred by them in light of contributions towards Clean Ganga Fund and Swacch