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Income Tax

Non Payment of Taxes after Demand – Interest u/s...

Non Payment of Taxes after Demand - Interest u/s 220(2) IT Act

Section 156 of the IT Act provides that in cases wherein any penalty, fine or any other sum is required to be paid as per this Act, the AO must...

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IFSCA

Regulatory Framework for Distribution of Capital Market...

Regulatory Framework for Distribution of Capital Market Products & Services

The International Financial Services Centres Authority (IFSCA) Regulations 2021, with the aim to develop and regulate financial products, services and inst...

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Income Tax

Analysis of the Scrutiny Assessment under the Income Ta...

Analysis of the Scrutiny Assessment under the Income Tax Act 1961

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...

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GST

Rounding Off Tax under GST

Rounding Off Tax under GST

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...

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Startup

Investment Opportunities in Textile Industry in India f...

Investment Opportunities in Textile Industry in India for a Foreigner

The Indian Textile industry is the oldest industry in the Indian economy, dating back several centuries. The nation is the 2nd largest producer of garments...

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Income Tax

Search, Seizure & Survey under Income Tax Act 1961...

Search, Seizure & Survey under Income Tax Act 1961

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...

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Startup

Investment Opportunities in Tourism Industry in India f...

Investment Opportunities in Tourism Industry in India for a Foreigner

The Indian tourism Industry is seeing a significant rise in the inflow of tourists from all around the world due to its rich cultural and heritage value, v...

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GST Advisory

Clarification Based on Recommendations of the 48th GST...

Clarification Based on Recommendations of the 48th GST Council Meeting

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

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