• April 12, 2024

GSTN Update dated April 9th, 2024 The GSTN has issued an advisory to inform that a new feature to auto-populates the HSN-wise summary from e-Invoices into Table 12 of GSTR-1 is now available on the GST portal. This allows for direct auto-drafting of HSN data into Table 12 based on e-Invoice data. Please note that […]

• April 11, 2024

Prof R Balakrishnan – [2024] 161 taxmann.com 273 (Article) Background of the case 1. In a recent adjudication order passed by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli, in respect of Ms Krazzy Fin Private Limited, the company and its directors were penalized for violations of section 62(1)(b) of the Companies Act 2013. […]

• April 10, 2024

Eshaan Singal – [2024] 161 taxmann.com 232 (Article) Service Permanent Establishment (Service PE) is a fundamental concept in the realm of international taxation, particularly within the framework of Double Taxation Avoidance Agreements (DTAAs). It pertains to situations where foreign enterprises engage in providing services, such as consultancy services, within a contracting state. The crux of […]

• April 7, 2024

Case Details: Neeta Gupta v. Suman Anand - [2024] 161 taxmann.com 83 (HC - Delhi) Judiciary and Counsel Details Manoj Kumar Ohri, J. Mohit Chaudhary, Adv. for the Petitioner. Sanjay Gupta, Adv. for the Respondent. Facts of the Case In the instant case, the complainant/petitioner filed a complaint against the accused/respondent under section 138 of the Negotiable […]

• April 6, 2024

Case Details: Indian National Congress (I)/All India Congress Committee v. CIT - [2024] 161 taxmann.com 115 (SC) Judiciary and Counsel Details Mrs. B.V. Nagarathna & Augustine George Masih, JJ. Dr Abhishek Manu Singhvi, Vivek Tankha, Devadatt Kamal, Sr. Advs. Rohit Sharma, Jatin Lalwani, Nikhil Purohic, Harsh Pandey, Revanta Solanki, Amit Bhandari, Anubhav Kumar, Ajay Desai, Varun Chopra, Prasanna S., Nikhil Bhalla, Sumit Kumar, Vipul Tiwari, Vinod Kumar Srivastava, Advs. & Nishanth […]

• April 5, 2024

Case Details: Neeraj Singal v. Directorate of Enforcement - [2024] 161 taxmann.com 82 (HC - Delhi) Judiciary and Counsel Details Vikas Mahajan, J. Kapil Sibal, Dr Abhishek Menu, Vikas Pahwa, Sr. Advs. Ms Ranjana Roy Gawai, Ujjwal Jain, Ms Shambhavi Kashyap, Adit Pujari, Aavishkar Singhvi, Garnil Singh & V. Wadhwa, Advs. for the Appellant.  Zoheb Hossain, Vivek Gurnani, Baibhav, Ms Manisha Dubey, Pranjal Tripathi, Anuj Kumar & Sanket Sinha for […]

• April 3, 2024

Advance tax, also referred to as "pay-as-you-earn" tax, is a system where taxpayers make payments towards their estimated tax liability in instalments instead of paying the full amount at the end of the fiscal year. This method helps in the dispersion of the tax collection throughout the year and aids in reducing the burden of […]

• April 1, 2024

Alternative Investment Funds (AIFs) refer to privately pooled investment vehicles that collect funds from sophisticated individual or institutional investors to invest in a variety of non-traditional assets. Unlike conventional investment funds, AIFs target investments outside of standard asset classes like stocks, bonds, and cash, opting instead for private equity, venture capital, hedge funds, real estate, […]

• March 31, 2024

Table of Contents Investment for Tax Deduction Composition Scheme, QRMP (Scheme) & E-invoicing Updated ITR Filing Deadline Letter of Undertaking (LUT) Advance Tax Payment Form 12BB Other Deductions As the financial year draws to a close, taxpayers are reminded of the essential tasks and deadlines they need to adhere to ensure compliance with tax regulations […]