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.
![CBDT notifies Modified Reporting Requirements of TCS Collection [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/CBDT-CBDT-Ninth-Amendment-TCS-provisions-TCS-CBDT-notification-Income-Tax-rules-update-taxscan.jpg "CBDT notifies Modified Reporting Requirements of TCS Collection [Read Notification]")
CBDT notifies Modified Reporting Requirements of TCS Collection [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued the Income Tax (Ninth Amendment) Rules, 2024, effective from October 16, 2024. The notification...
Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]
The Supreme Court has recently held that broken period interest incurred on securities treated as stock-in-trade is in the nature of revenue expense and that Income Tax Deduction can be allowed on...
![Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Supreme-Court-Income-Tax-Deduction-stock-in-trade-Broken-Period-Interest-TAXSCAN.jpg "Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]")
CBDT exempts Payments from RBI from Income Tax TCS Requirement under Section 206C [Read Notification]
On October 16, 2024, the Central Board of Direct Taxes (CBDT), through a notification issued under the Ministry of Finance, clarified that any payments received from the Reserve Bank of India (RBI)...
DGFT eases Policy Conditions on Cough Syrup Exports to USA, UK, Canada, EU, Japan, Australia, Singapore, Republic of Korea and Switzerland [Read Notification]
The Directorate General of Foreign Trade ( DGFT ) has eased export policy conditions on the export of cough syrups to select countries, including the USA, UK, Canada, the European Union, Japan,...
"Appellant wasted public money and time of courts": Bombay HC slaps Exemplary Costs of ₹5 Lakh in Writ against GST SCN, Demand [Read Order]
The Bombay High Court recently dismissed a writ petition filed by Viswaat Chemicals Ltd. challenging a Show Cause Notice ( SCN ) issued by the tax authorities under the Central Goods and Services Tax...
![Appellant wasted public money and time of courts: Bombay HC slaps Exemplary Costs of ₹5 Lakh in Writ against GST SCN, Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Bombay-High-Court-GST-SCN-GST-SCN-Taxscan.jpg "Appellant wasted public money and time of courts: Bombay HC slaps Exemplary Costs of ₹5 Lakh in Writ against GST SCN, Demand [Read Order]")
Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) checked cash deposits made during the demonetisation period, ultimately deleting an addition of ₹18.25 lakh imposed by the Assessing...
![Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Cash-Deposit-Re-deposit-during-Demonitisation-TAT-deletes-Addition-Income-Tax-taxscan.jpg "Re-Deposits of Cash in Hand during Demonetisation: ITAT deletes ₹18.25 Lakh Addition [Read Order]")