India’s Women Tax Filers Grow 25% in Four Years: Maharashtra Ranks First
India has seen a big change in its financial system with more women participating in the economy. According to the Income Tax Department, the number of women filing income tax returns (ITRs) grown by 25.3%
ITAT Dismisses Appeal as Withdrawn Following Application Under Vivad Se Vishwas Scheme [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) dismissed the appeal filed by the assessee following a request for withdrawal due to the application under the Vivad Se Vishwas Scheme 2024. Nihar Prabhatbhai Desai, appellant-assessee,
Annual GST Digest: AAR & AAAR Rulings 2024 [Part III]
This Annual round-up analytically summarizes the key Indirect Tax-Goods and Services Tax rulings of the Authority for Advance Rulings (AAR) and Appellate Authority for Advance Ruling (AAAR) reported at Taxscan.in during 2024. GST ITC Claims
CA, MBA Vacancy in EY
The EY invited applications for the post SAP FI-TREASURY-Senior. Become a PF & ESIC expert with our comprehensive course - Enroll Now Qualification Resource must be a qualified CA / ICWA / MBA Finance /
Important Income Tax Forms Due by December 31st, 2024
By the end of this month, there are many income tax forms under the Income-tax Act, 1961, which are to be filed by December 31st, to avoid penalties. Thus, proper compliance with these income tax
What if Income Tax was abolished in India? A Perspective
Introduction We encounter tахes in different forms in our dау-tо-dау livеs. Simрly рut, tаx is thе аmount оf monеy we givе thе gоvernment. Why do we do it? Оften, we аre not surе. Tаx is
Section 80 P under Income Tax Act,1961: Case Digest on Recent Decisions
Section 80P of the Income Tax Act, 1961, provides tax deductions to cooperative societies, allowing them to claim exemptions on their income. This section aims to promote and support the growth of cooperative societies in
Mandap Keeper Services do not Qualify as Support Services: CESTAT Declares Non-Taxable [Read Order]
The Ahmedabad Bench of the Customs, Excise, and Services Tax Appellate Tribunal ( CESTAT ) ruled that "Mandap Keeper Services" do not qualify as "support services" under Section 65B(49) of the Finance Act, 1994,  and
GST for Natural Gas? Petroleum Ministry Recommends Inclusion of Natural Gas Under GST to Finance Ministry
The Petroleum Ministry has recommended the Finance Ministry to bring natural gas under the Goods and Services Tax ( GST ) Act. This proposal is expected to be presented at the next GST Council meeting
From Physical to Virtual : Taxation in the Digital Landscape
Introduction An economy that uses digital media of all kinds and is founded on digital computer technologies is referred to as a "digital economy." Despite the fact that e-commerce and the digital economy are frequently
Dabur India hit with ₹320.6 Crore GST Demand Notice
Indian Fast-Moving Consumer Goods ( FMCG ) major Dabur India Ltd., received a huge GST demand of Rs. 320.6 crore as confirmed by an order issued on November 25, 2024, by the Additional Commissioner, CGST
PAN 2.0 Project Decoded: All that You as Citizens, Business Owners and Tax Professionals Need to Know
In a world where digital transformation is the buzzword, the Indian Income Tax Department has taken a significant step with the PAN 2.0 Project. Approved by the Cabinet Committee on Economic Affairs (CCEA) in 2024,
Co-Insurance Premiums and Reinsurance Commissions Not Taxable following Inclusion of Items 9 and 10 in Schedule III of CGST Act: Madras HC [Read Order]
In a recent ruling, the Madras High Court ( HC ) ruled that co-insurance premiums and reinsurance commissions are not taxable under the Goods and Services Tax ( GST ) following the inclusion of Items
CA, MBA Vacancy in Kotak
Kotak invited applications for the post of Credit Manager - KMPL Support Services-Credit. Qualification: MBA Finance or CA. Responsibilities: To evaluate the credit worthiness of various customers applying for car loans, within the prescribed TAT
We, The Taxpayers of India: Understanding Taxation within the Constitution – Celebrating Constitution Day
“Constitution is not a mere lawyers document, it is a vehicle of life and its spirit is always the spirit of age” Dr. B.R. Ambedkar The Constitution of India is the world’s longest written constitution