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Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

Maha GST department clarifies for GST return scrutiny of 2017-18 and 2018-19

The Maharashtra GST department has issued an internal circular on 25th February…

How to calculate income tax liability if you sell your ancestral property

Any person selling a property inherited from his/her ancestors is not required…
GSTR-9

e-Invoicing Notified for Rs 20 Crore+ Turnover! Here’s How Your Enterprise Can Prepare

The Central Board of Indirect Taxes and Customs (CBIC) released its first…

GSTN Announces Upcoming Functionalities in GSTR-1/IFF

As applicable, the taxpayers shall furnish the sales details in form GSTR-1…
  • AJ
  • Posted on

Dollar Swap may Help RBI in Balance Sheet Management

The Reserve Bank of India (RBI) announced a US Dollar/Rupee two-year sell-buy…

Does Spike in Brent Crude Oil Prices Impact Indians?

Brent crude oil prices have surged past $100 per barrel for the…

Know when the income tax exemption applies for gifts received as crypto assets

In Budget 2022, the government has proposed that the gifts received as…
  • Namita Shah
  • Posted on

UP AAR: No ITC on construction expenses on the commercial complex for lease

The Uttar Pradesh (UP) Authority of Advance Rulings (AAR) has passed a…

Liquidated Damages Recovered for Project Delays Constitutes Supply of Services: AAR

The Telangana bench of the AAR has recently ruled that the liquidated…

CBIC: Coaching Institutes Collecting Lump Sum Fees Shall Pay 18% GST

The Central Board of Indirect Taxes and Customs (CBIC) chairman has clarified…
  • AJ
  • Posted on