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,

A Division Bench of the Delhi High Court issued an order allowing the petitioner to file a response to the GST Show Cause Notice ( SCN ) issued by the Central Goods and Services Tax

This Annual Case Digest analytically summarizes the key stories related to Tax judgements of various High Courts in India reported in Taxsca.in during the year 2023. These stories include judgements and observations of High Courts

Profits or gains arising from the transfer of an immovable property, held as a capital asset, are taxed under the head "Capital Gains”. The incidence of tax on Capital Gains depends upon the period for

This weekly summary analyses the major Income Tax Appellate Tribunal (ITAT) stories that were covered by Taxscan.in the week before, from April 23rd to April 29th, 2023. Ex-Gratia Payment Received on Voluntary Retirement Not Taxable

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from December 17 to December 23,2022 Assignment Agreement not Registered, Can’t ignore

The Institute of Chartered Accountants of India ( ICAI ) issued the List of Universities recognizing CA Qualification for pursuing a Ph.D. Recently, the University Grants Commission has resolved that CA Qualification will be treated

The level of income tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, said Shri Shiv Pratap Shukla, Minister of

The Union Minister of Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal stressed out he simplification, transparency and use of latest technology in further easing and smoothening the tax filing process for the stakeholders.

The 32nd GST Council meeting will be held today in New Delhi to decide a hike in exemption limit for the Micro, Small and Medium Enterprises (MSMEs) and the natural calamity cess proposed by Kerala. The

The National Anti-Profiteering Authority ( NAA)  has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in the rate of tax or the benefit of

Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Rajya Sabha last day said that the State has recovered Rs. 9959.29 crore till last month under the

Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha last day said that the total net indirect tax collection (inclusive of CGST, IGST, and GST-Compensation Cess)

Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha last day said that the GST Council has met 31 times so far. Till the 30th GST

The Goods and Services Tax Network ( GSTN ) has started sharing data with the tax authorities in case of any mismatch in the figures reported in GSTR-1 & GSTR-3B or GSTR-3B and that computed