The Central Board of Direct Taxes (CBDT) stands as the apex body overseeing the enforcement of direct tax laws in India. It plays a critical […]
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GST Error Leads to Remand: Why 36% GST Was Charged Instead of 18%
India’s Goods and Services Tax regime, a landmark reform in the nation’s fiscal architecture, was introduced with the ambition of harmonizing the patchwork of indirect […]
How MMR Surcharge Affects Taxpayers with Income Below Rs. 50 Lakhs: ITAT’s Insight
The intricate landscape of India’s tax framework is designed to ensure a systematic and fair distribution of tax obligations based on individual earnings. Within this […]
Understanding Banking Essentials: Products, Services, and the Role of CIBIL Score
In the ever-changing world of finance, banking has undergone a profound transformation, evolving from a mere repository for savings into a complex system of products […]
Understanding CBDT’s Decision to Condone Delay in Form 10-IC Filing for AY 2021-22
The landscape of corporate taxation in India has evolved considerably over the years, especially with the introduction of various tax reforms aimed at simplifying compliance. […]
CESTAT Ruling: How to Compute Service Tax Based on Audited Balance Sheet Figures
The Indian tax system, particularly the Goods and Services Tax (GST) framework introduced in 2017, has undergone substantial transformation, simplifying the tax administration for most […]
Streamlining GST Compliance: How Bulk E-Invoice Downloads are Changing the Game
The Goods and Services Tax (GST) system in India has brought with it a transformative shift in the way businesses manage their tax-related processes. One […]
The Dynamics of Foreign Exchange in Global Banking and the RBI’s Oversight
International banking plays a pivotal role in the global economic landscape, facilitating cross-border trade, investment, and financial flows. In India, this sector has become increasingly […]
GST on Second-Hand Jewellery: Key Insights from Karnataka AAR’s Latest Ruling
The business of buying and selling second-hand goods has long been a subject of significant discussion in the realm of Goods and Services Tax (GST). […]
A Deep Dive into Clauses 9 to 12 of Tax Audits: Insights from ICAI’s Guidance Note
The concept of a buyback, commonly known as a share repurchase, represents a strategic decision where a company opts to repurchase its shares from the […]