Intimation received u/s 143(1) is not a Notice but a communication received from the income tax department.

FMCG businesses are generally in classification disputes to save taxes. McDonald's is one of them who went on war with Excise Dept. to...

Now, CFSS – 2020 has been extended till 31.03.2021 but the question is – this extended scheme is applicable to whom? The Central...

Finance Act, 2020 introduced penalty provision to curb malpractices of issuing fake invoice. As explained by memorandum to Finance Bill,...

To encourage citizen participation as a stakeholder in enforcing tax evasion, the Central Board of Direct Taxes has launched an automated...

In light of the GST investigation wing recently unearthing several cases of fake invoices and bogus firms, which also resulted in the...