Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.  The main features of the Bonds are:

The  instruction that prescribes the quantity of gold that, the Central Board of Direct Taxes (CBDT) has issued on 11th May 1994 clarified that, a person who is not assessed to wealth tax can hold

The Income Tax Appellate Tribunal (ITAT) of Delhi bench directed the Assessing Officer (AO) to delete the addition since collecting jewellery by a woman in a married life of 25-30 years is not an abnormal

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) last week held that the jewellery received by assessee at the time of marriage cannot be treated as unexplained under the provisions of

On Thursday, HDFC Life Insurance Company announced that it had been issued GST demand orders totaling more than Rs 27 crore, citing purported discrepancies in tax payments. Through two separate filings with regulatory authorities, the

The Delhi High Court upheld the order ofthe Income Tax Appellate Tribunal [“Tribunal”] which deleted the Income Tax Addition made on investment in Wrist Watches.                                                 The appellant/revenue seeks to assail the order dated 03.05.2023 passed

The Karnataka Advance Ruling Authority (AAR) recently held that providing services of diagnosis, pre and post counseling, therapy and prevention of diseases by providing test would not attract Goods and Services Tax (GST) as the

The  Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 has announced the Tax incentives to International Financial Services Centre (IFSC). The government with the objective of attracting foreign investment into the infrastructure sector government

The Madras High Court granted the Property Tax Exemption for Community Health and Development Department Building, which provides health care facilities to far-flung areas. The petitioner, Christian Medical College Vellore Association (CMC) is an institution

The Finance Minister, in her budget speech 2024, has announced the remission and extinguishment of specific outstanding direct tax demands. The Central Board of Direct Taxes ( CBDT ) has also issued an order related

Regarding the extension of the requirement that a Health Certificate be included with the import of food consignments, the Central Board of Indirect Taxes and Customs CBIC) has issued Instruction No. 8/2023-Customs dated March 03,

INTRODUCTION People buy gold for a variety of reasons, such as the desire to wear jewellery or for lucky occasions. However, since there is no cap on the amount of gold one may own, gold

The Central Information Commission (CIC) recently directed the Central Board of Direct Taxes (CBDT) to take necessary measures to educate the departmental officials to equip them to discharge their Duties under Right to Information Act,

Following a CBDT circular regarding non-seizure of gold upto 500 gms possessed by a married woman, the ITAT Mumbai granted partial relief to assessee, a lady by exempting the sale consideration of 500 gms of

A health insurance is a form of risk management that helps to reduce the financial risks associated with unexpected health issues, accidents, or emergencies. In India commodities and services are subject to a single indirect