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,

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

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week 30th November 2024 to 6th December 2024. Enormous Delay of 1788 Days

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

Q1. What is Peer-to-Peer (P2P) lending? P2P lending is a form of online lending where individuals can directly lend money to borrowers through a platform without involving traditional financial institutions. Platforms like **Faircent**, **Lendbox**, 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 New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that if interest on the principal amount disbursed to the corporate debtor crosses the threshold limit as provided under section

In a recent ruling, the Telangana High Court ruled that GST payments and TDS claims must be state-specific based on the proportion of work executed in each state. Larsen & Toubro Ltd ( L&T )

The final date to claim Income Tax refunds for Salary Tax Deducted at Source ( TDS ) deductions for the last financial year ( April 2023 - March 2024 ) is December 31, 2024. File

This annual round-up analytically summarises the key Goods and Services Tax Advance Rulings of the Authority for Advance Rulings (AAR) and Appellate Authority for Advance Ruling (AAAR) reported at Taxscan.in during 2024. GST leviable on

The Delhi High Court upheld the ruling of the Income Tax Appellate Tribunal ( ITAT ) on the non-deductibility of TDS for fees paid to overseas associated enterprises under the India-US Double Tax Avoidance Agreement

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete a ₹2.25 crore disallowance, finding no evidence to doubt the genuineness of transactions

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. Delhi HC directs to initiate GST Proceedings only

The Goods and Services Tax Network ( GSTN ) has issued an advisory regarding the mandatory sequential filing of GSTR-7 returns, effective from November 1, 2024. This measure follows Notification No. 17/2024-Central Tax, dated September

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the disallowance of Tax Deducted at Source ( TDS ) under Section 40(a)(i) of the Income Tax Act,1961, ruling that the assessment under