Shubhangi Jain

Shubhangi Jain

05 Jun, 2024

The Income Tax Department is vested with the power to examine the authenticity of the income tax return filed by the assessee, which the department does th...

Shubhangi Jain

19 Jan, 2023

There are instances during the ordinary course of business where the amount of payable tax is a decimal value which confuses the assessee regarding the act...

Shubhangi Jain

30 May, 2024

Compliance with income tax laws is an obligation for every assessee. Any leniency or ignorance in respect of the same can lead to the initiation of the req...

Shubhangi Jain

28 Feb, 2023

The CBIC, vide its Circular No. 189/01/2023-GST dated 13th January 2023, issued Clarification regarding GST rates & classification of certain goods on...

Shubhangi Jain

29 May, 2024

ITAT Ahmadabad pronounced a judgement on 28-09-2022 in the case titled Mansha Textile Pvt. Ltd. Vs ITO observing that the rental income does not...

Shubhangi Jain

13 Jan, 2023

The government levies a windfall tax on business entities due to abnormal gains from financial windfalls. The main objective of such a tax is reallocating...

Shubhangi Jain

12 Jan, 2023

Interest income can be defined as the amount earned by the taxpayers on different financial products, accounts and investments either by way of lending to...

Shubhangi Jain

01 Jun, 2024

Special Valuation Branch, most commonly known as SVB, is a special unit of the Customs department that specializes in the investigation of the transactions...