Manu Sharma
Manu Sharma is a tax-law enthusiast who is also a Physics Graduate deeply passionate about gaming, puzzles, technology and movies. With an eye for detail and knack for legal research, Manu plays a crucial role in curating and editing content to ensure accuracy, clarity, and relevance.
ED raids Ex-Hyderabad Cricket Association Officials and Visaka Industries in Money Laundering Probe
In a significant development, the Directorate of Enforcement (ED) carried out searches at nine locations in Telangana on 21.11.2023, under the...
ICAI releases Exposure Draft of Standards on Auditing for Limited Liability Partnerships, invites comments
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of Standards on Auditing for Limited Liability Partnerships (LLPs) for public comments. The Auditing and...
Supreme Court issues notice in Sales Tax Bar Association's Challenge to GSTAT Provisions [Read judgement]
The Supreme Court has issued notice to the Central Government in challenge to the Goods and Services Tax Appellate Tribunal (GSTAT) provisions raised by the Sales Tax Bar Association. The writ...
![Supreme Court issues notice in Sales Tax Bar Associations Challenge to GSTAT Provisions [Read judgement]](https://www.taxscan.in/wp-content/uploads/2023/11/Supreme-Court-notice-Sales-Tax-Bar-Associations-Challenge-GSTAT-Provisions-TAXSCAN.jpg "Supreme Court issues notice in Sales Tax Bar Associations Challenge to GSTAT Provisions [Read judgement]")
IT Dept starts Intimation of short deduction of TDS in TRACES Portal w.r.t. PAN-Aaadhar Linking Higher Rate
The Income Tax Department has started intimation of justification reports with respect to Tax Deducted at Source (TDS) short deduction at higher rate in light of the PAN-Aadhar linking status...
No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]
A two-judge bench of the Supreme Court of India has held that no deduction under Section 80HHC of the Income Tax Act is allowable for gains from foreign exchange fluctuations. Section 80HHC allows...
![No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Deduction-allowable-for-Gains-Foreign-Exchange-Fluctuations-Income-Tax-Act-Supreme-Court-taxscan.jpg "No Income Tax Deduction allowable for Gains from Foreign Exchange Fluctuations u/s 80HHC of the Income Tax Act: Supreme Court [Read Judgement]")
CBDT issues Corrigendum w.r.t. Guidelines for submission of SFT for Mutual Fund Transactions by Registrar & Share Transfer Agent [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a corrigendum with respect to guidelines issued for submission of SFT for Mutual Fund Transactions by Registrar & Share Transfer Agent. In a...
Interim Relief to Paypal: Bombay HC stays Rs. 32.39 Crore time barred Income Tax Demand [Read Order]
The Bombay High Court has issued an ad-interim order, staying the enforcement of a substantial tax demand amounting to Rs. 32.39 crore and all associated proceedings against PayPal Payments Private...
