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.
![Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-to-file-Audit-Report-through-a-Qualified-CA-ITAT-upholds-Penalty-us-271B-of-Income-Tax-Act-TAXSCAN.jpg "Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]")
Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld a penalty under Section 271B of the Income Tax Act, 1961 as the...
![CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-issues-Guidelines-Procedure-Complete-Scrutiny-ITRs-taxscan.jpg "CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]")
MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]
The Ministry of Corporate Affairs (MCA) has made it compulsory to file all overdue financial statements and annual returns for closure of Companies, announcing new conditions for companies wishing to...
![MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/MCA-Compulsory-filing-overdue-financial-statement-compulsory-filing-of-overdue-financial-statements-and-annual-returns-overdue-financial-statements-and-annual-returns-closure-of-companies-companies.jpg "MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]")
IBBI reprimands RV for Illogical Assumptions w.r.t. Discounting Factors in Valuation Report [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) has recently reprimanded a Registered Valuer (RV) for the illogical assumptions drawn with regard to discounting...
![CBDT notifies Income Tax Rule 133 to Calculate Net Winnings from Online Gaming [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/online-game.jpg "CBDT notifies Income Tax Rule 133 to Calculate Net Winnings from Online Gaming [Read Notification]")
GST applicable on Charges Proportionate to Common Amenities and Facilities Charges if Sale Price of Plot is Consolidated: AAR [Read Order]
The Karnataka Bench of the Authority for Advance Ruling (AAR) has recently ruled that Goods and Services Tax (GST) is applicable on charges in proportion to common amenities and facilities charges if...
![GST applicable on Charges Proportionate to Common Amenities and Facilities Charges if Sale Price of Plot is Consolidated: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/GST-applicable-GST-GST-applicable-on-Charges-Proportionate-Common-Amenities-and-Facilities-Facilities-Sale-Price-of-Plot-Sale-Price-of-Plot-is-Consolidated-AAR-taxscan.jpg "GST applicable on Charges Proportionate to Common Amenities and Facilities Charges if Sale Price of Plot is Consolidated: AAR [Read Order]")
Seller not Liable to charge GST on Infrastructure Development Charges if Booking and Agreement follow Release of Roads to Authorities: AAR [Read Order]
The Karnataka Bench of the Authority for Advance Ruling (AAR) has ruled that the seller of a plot is not liable to charge Goods and Services Tax (GST) on infrastructure development charges if the...
![Seller not Liable to charge GST on Infrastructure Development Charges if Booking and Agreement follow Release of Roads to Authorities: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Seller-not-Liable-to-charge-GST-on-Infrastructure-Development-Charges-Booking-and-Agreement-follow-Release-of-Roads-to-Authorities-AAR-TAXSCAN.jpg "Seller not Liable to charge GST on Infrastructure Development Charges if Booking and Agreement follow Release of Roads to Authorities: AAR [Read Order]")
CBDT issues Guidelines to Clarify ‘Net Winnings’ and Income Tax Implications on Online Games [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a circular with guidelines for the removal of difficulties under sub-section (3) of section 194BA of the Income Tax Act, 1961, for much-needed...
![CBDT issues Guidelines to Clarify ‘Net Winnings’ and Income Tax Implications on Online Games [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-Online-Gaming-Net-Winnings-CBDT-Guidelines-on-Online-Games-Income-Tax-Implications-on-Online-Games-Taxscan.jpeg "CBDT issues Guidelines to Clarify ‘Net Winnings’ and Income Tax Implications on Online Games [Read Circular]")