15 Apr Taxpayers Get Choice in Valuing Startup Investments (Angel Tax)
The Delhi High Court ruled in favor of taxpayers, allowing them to select the method for valuing investments received from angel investors....
Tax Compliance Tag
15 Apr Income Tax Department Cracks Down on Unfiled Returns: 1.52 Crore Individuals Targeted
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
13 Apr Identifying Instances Leading to Income Tax Notices in Real Estate Deals and Credit Card Transactions
The Income Tax Department meticulously monitors all financial transactions carried out by individuals, utilizing various data sources to ensure adherence to tax regulations....
13 Apr Bombay High Court Invalidates Registration Amendment Rejection: Lack of Reasons Criticized
The Bombay High Court has invalidated the rejection of an application for registration amendment due to the lack of reasons provided for the rejection....
12 Apr E-Invoicing Under GST
E-invoicing within the GST framework refers to the electronic authentication of invoices as outlined by GST regulations....
12 Apr Calcutta High Court’s Verdict on GST Pre-Deposit Requirements
In a recent ruling, the Calcutta High Court addressed the clarification of GST pre-deposit requirements, specifically focusing on the interpretation discrepancy between the GST Department and the GST Law....
12 Apr GST Penalty Overturned by Calcutta High Court Due to Emergency Vehicle Substitution, Showcasing Compliance Flexibility
The Calcutta High Court's decision to quash a GST penalty related to an emergency vehicle change highlights the court's recognition of flexibility in enforcing compliance....
12 Apr Extension of GSTR-1 Filing Deadline by GSTN
An advisory issued by GSTN, Advisory No. 631 dated April 11, 2024, acknowledges the challenges faced by taxpayers in intermittently filing GSTR-1 due to technical glitches on the portal....
12 Apr GST Evasion and the Directorate General of GST Intelligence (DGGI)
Instances of the Directorate General of GST Intelligence (DGGI) investigating tax evasion are frequently encountered. Many may wonder about the role and operations of this organization....
12 Apr Extension of Appeal Filing Time by the Appellate Authority
The authority of the Appellate Authority to extend the period for filing an appeal was deliberated upon in the case of Jyanata Ghosh v. State of West Bengal by the Hon’ble Calcutta High Court....