Conclusion: Whenever, the GST has been paid by using Form GST PMT-06, the tax liability will be discharged to that extent.

A practicing Chartered Accountant shall not accept, in a financial year, more than “60” tax audit assignments under Section ...

In a significant ruling for charitable and religious institutions, the Income Tax Appellate Tribunal (ITAT) Visakhapatnam bench has dismissed appeals filed by the Income Tax Department, affirming that ...

Reassessment proceedings initiated under section 148 for Assessment Year 2013-14 was not valid as the initiation of reassessment proceedings was barred by limitation and assessee’s income chargeable ...

Delhi bench, a dispute between the Income Tax Department and the Basanti Devi trust regarding the taxability of funds received by the trust in Assessment Year 2002-03 has been settled in favor of the ...

The case arose after the Assessing Officer (AO) denied the trust’s claim for exemption under Section 11 for the aforementioned assessment years. The primary reason for the denial was the absence of ...

Tax regulations are a critical but often neglected component of digital asset management. Most governments now require clear ...