The Finance Act, 2023 introduced Clause (h) under Section 43B of the Income Tax Act, which disallows deduction for payments due to Micro and Small Enterprises (MSEs) if not made within the prescribed ...

1. Tax Disallowance: If you don’t pay your MSE supplier within 45 days, you cannot claim that expense as a deduction while calculating taxable income in that financial year. This means you might have ...

Introduction If you’re a tour operator offering package tours to foreign tourists, and the tour covers places inside India and outside India (like ...

In the GST regime, certain services relating to education, training, arts, culture, sports, and yoga are exempt from tax if specific conditions are met. These exemptions are mainly covered under ...

Once crypto moves from an exchange to a private wallet, tracking becomes tough. Some traders exploit this by using privacy-focused coins like Monero or Zcash, which are nearly impossible to trace.

A correct interpretation of Section 87A of the Act will ensure both fair tax treatment for small taxpayers and the prevention ...

It is common knowledge that GST officials issue penalty notices u/s 125 of the GST Act for late filing of a GST return on the pretext that no specific penalty is provided for late filing of GST return ...

The IBBI initiated an investigation under Section 218 of the Insolvency and Bankruptcy Code, 2016, citing multiple contraventions, including non-appointment of registered valuers, non-filing of CIRP ...

Additionally, CBIC announces a partnership between the National Academy of Customs, Indirect Taxes & Narcotics (NACIN) and the Indian Maritime University (IMU) to establish a Marine Customs Training ...

Revised Entitlement of Trainees for Trainers (Company Secretary in Practice/Corporate Trainers/Other Entities/LLPs) registered with the Institute for imparting Long Term Practical Training to CS ...

The Haryana government has introduced the “Haryana One Time Settlement Scheme for Recovery of Outstanding Dues 2025” to facilitate the recovery of outstanding dues under various state tax acts. This ...

In light of these challenges, we humbly request an extension of the GST Amnesty Scheme deadline for tax payments from 31′ March 2025 to 30t h June, 2025 allowing the taxpayers additional time to ...