14 Jun Supreme Court Ruling on Film Revenue Sharing Tax Implications
Learn about the tax implications of revenue sharing agreements in film exhibition. ...
Tax implications Tag
05 Jun IATA opposes GST levy on foreign airlines in India
Discover the latest as IATA stands up against GST on services provided by foreign airlines' headquarters to local offices in India. Get insights now! ...
10 May Gifted Shares May Escape Capital Gains Tax if HC Ruling Sets Precedent
The recent Bombay High Court ruling regarding the taxation of gifted shares has sparked discussions and potential implications for investors and tax authorities alike....
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....
09 Apr High Court of Madras sets aside GST penalty, emphasizes fair hearing and pre-assessment payments in tax disputes.
The High Court of Madras recently ruled on a case involving a works contractor for government departments, addressing penalties imposed under the Tamil Nadu Goods and Services Tax Act, 2017....
06 Apr Entitlement to Interest Commences After Sixty Days from Refund Application Until Credited to Bank Account
In a significant ruling by the Hon'ble Delhi High Court, Raghav Ventures vs. Commissioner of Delhi [W.P.(C) NO. 12209 OF 2023 dated March 01, 2024]...
06 Apr GST Implications on Lump Sum Transfer Charges for Leasehold Rights
In a recent ruling by the Uttar Pradesh Authority for Advance Rulings (AAR), Remarkable Industries (P.) Ltd. sought clarification regarding the GST implications on lump sum upfront premium paid as transfer charges for leasehold rights....
03 Apr GST Applicability to Compensation for Liquidated Damages in Agreements
In a recent ruling by the Andhra Pradesh Authority for Advance Ruling (AAR) in AAR No. 12/AP/GST/2023 dated December 21, 2023, significant clarity was provided regarding the GST implications of compensation collected for liquidated damages under contractual agreements....
03 Apr Income tax department cracks down on PAN fraud for false HRA claims
The income tax department has unearthed a scam involving the fraudulent use of permanent account numbers (PAN) to claim house rent allowance (HRA) without actual tenancy....
02 Apr Decision by High Court Allows Refund of Reversed ITC When Supplier Pays Tax
The Delhi High Court, in the matter of Pedersen Consultants India Pvt. Ltd. v. Union of India and Ors. [W.P. (C) 1039/2024 dated March 19, 2024]...
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