A perquisite is a non-cash benefit granted by an employer to the employee. Under the Income Tax Act, 1961, a perquisite is defined as a benefit which an employee avails of or is entitled to on

The Central Government Ministry of Commerce and Industry has notified an amendment to the Special Economic Zone (SEZ) Rules by way of the  Special Economic Zones (Fifth Amendment) Rules, 2023. The new amendment outlines the

This Annual Case Digest analytically summarizes the key stories related to Tax judgements of various High Courts in India reported in Taxsca.in during the year 2023. These stories include judgements and observations of High Courts

There is no official estimation of the amount of black money stashed away abroad. Various non-governmental organizations and economists in the past have indicated certain estimations of illicit financial flows out of the country. Such

The HPCL Rajasthan Refinery Ltd. (HRRL) has invited application from qualified in Law and the designations etc. which will be decided later as per Company policies. However, grade and salary will remain the same as

This weekly summary analyses the major Income Tax Appellate Tribunal (ITAT) stories that were covered by Taxscan.in the week before, from April 16th to April 22n, 2023. The ITAT was established in 1941 and has

Introduction: The Rising Popularity of Esports Betting in India Get ready to dive into the exciting world of esports betting sites in India! As the popularity of esports continues to skyrocket, so does the thrill

This weekly round-up analytically summarises the key tax judgements of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from June 3 to June 9 2023. Delhi HC upholds Penalty Imposed on

Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2021 of India on the 1st of February, 2021. Budget 2021 is aimed at reviving an economy that plunged into deepest recorded

This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from November 11 to November 17, 2023. Application to Rectify Inadvertent Error in Shipping

Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and incentivising the new tax payers; Number of tax

This weekly round-up analytically summarises the key stories related to the High Courts reported at Taxscan.in during the previous week from October 17 to October 23, 2022.Syed Sikandar Ali Vs PRINCIPAL COMMISSIONER OF INCOME TAX

Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT M/s Shri Agrasen Jan Kalyan Trust vs CIT(Exemption) CITATION: 2023 TAXSCAN (ITAT) 1741  The Raipur bench

Mr. S. Jaikumar, Powered by a decade of hands-on experience in the Customs and Central Excise department, An Advocate founded the pan-India tax law firm Swamy Associates in the year 2001. Started at Chennai, Swamy

India’s landmark indirect tax reform, i.e, Goods and Services Tax, finally became a reality. The new tax regime began with the speech of the President of India. Under the new tax regime, all the prevailing