The case of Tvl. B.L. Collection vs. Deputy Commercial Tax Officer is a significant legal battle that took place in the Madras High Court. It had far-reaching implications for taxation jurisprudence. This case is fundamentally about the coming together of tax law, health challenges, and…

The recent ruling by the Authority for Advance Rulings (AAR) Rajasthan has generated a lot of interest and discussion among legal experts, religious institutions, and the public. The ruling pertains to the taxation of entry fees collected by religious trusts under the Goods and Services…

The case of RD Enterprises v. Union of India, which was decided by the Allahabad High Court, is a shining example of the complex relationship between legislative intent and court interpretation in the context of the Goods and Services Tax (GST) Act. This issue primarily…

A recent legal battle took place in the Madras High Court between Tvl. Jones Enterprises and the Assistant Commissioner (ST). This case has become an important precedent in the area of Goods and Services Tax (GST) compliance. The main issue in this dispute is about…

The case of Sri Shanmuga Motors versus the State Tax Officer has recently been heard in the Madras High Court. This legal battle is considered a significant milestone in terms of procedural fairness and tax law. The case primarily focuses on the importance of filing…

The Government of India's Ministry of Finance has recently released detailed guidelines, issued by the Central Board of Direct Taxes (CBDT), regarding the mandatory selection of tax returns for thorough examination during the Financial Year 2024-25. These guidelines are a big step in improving tax…

The Ministry of Finance, along with the Central Board of Direct Taxes (CBDT), recently made important changes to the Income-tax Rules, 1962. The amendments mentioned in Notification No. 27/2024-Income Tax, dated 5th March 2024, introduce important changes, specifically focusing on Form No. 3CD. The government…

The idea of a slump sale has become essential to restructuring company structures and streamlining commercial operations in the ever-changing world of business transactions. Slump sales are fundamentally about the smooth transfer of a complete business venture, or a portion of it, from one entity…

The introduction of the Master Circular on Bank Finance to Non-Banking Financial Companies (NBFCs) serves as the foundational framework for understanding the regulatory landscape governing the relationship between NBFCs and the Reserve Bank of India (RBI). Here's an expanded explanation of each component.

INCOME TAX COMPLIANCE CALENDER- MAY/2024

GST COMPLIANCE CALENDER - MAY-2024

The Goods and Services Tax (GST) system is a crucial part of modern taxation, bringing about a significant change in how goods and services are taxed worldwide. The Goods and Services Tax (GST) was introduced to make the tax system more efficient and promote economic…

It is crucial for both businesses and individuals to stay compliant with tax regulations in today's complex financial landscape. The TaxPartners Compliance Handbook is designed to be your essential guide, providing a comprehensive roadmap to navigate the complex landscape of GST, Income Tax, and SEBI…

Recently, there has been a lot of talk about inheritance tax in India. This has led to policymakers, experts, and stakeholders engaging in renewed discussions and debates on the topic. Sam Pitroda, the chairman of Indian Overseas Congress, along with other influential figures, has brought…

There's been a new notification, Notification No. 2 of 2024, from the Central Board of Direct Taxes (CBDT). It's an important update that deals with the time limit for verifying Income Tax Returns (ITRs) after they've been uploaded. We are here to provide you with…

The introduction of the Goods and Services Tax (GST) in India is a significant milestone in the country's tax history. The GST was designed to simplify the complicated tax system that existed before it was implemented. It is a major step towards creating a more…

India's startup ecosystem has become one of the most active in the world in recent years, promoting economic growth, entrepreneurship, and innovation. The procedure of start-up registration, which is essential for prospective business owners hoping to formalise their endeavours and access a multitude of advantages,…

An essential component of the Indian tax system is the filing of income tax returns (ITRs), on which taxpayers report their earnings, allowable expenses, and taxes paid to the government. It allows people and companies to comply with legal requirements and make a valuable contribution…