Partnership firms have gained quite a bit of popularity in recent years due to their ease of formation and minimal compliance...

Finance Minister Nirmala Sitharaman in Budget 2021 announced imposition of Agriculture Infrastructure and Development Cess (AIDC) on a...

The Central Government in exercise of its powers conferred under section 460 read with section 403 of the Act has decided to introduce...

The following are the major proposals of the Budget 2021, as announced by FM Nirmala Sitharaman

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...

Very often in newspapers, we see the pictures of heads of nations signing an MoU. Or a large company concluding a landmark MoU with...

The Ministry of Corporate Affairs (MCA) notified the new provision namely Rule 9A for the extension of reservation of name in certain...

On 1st May 2019, the Ministry of Corporate Affairs (“MCA“) had released e-form MSME 1 (“MSME 1“), where all companies who are obtaining supp

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that, E-Way Bill generation facility to be blocked for all Taxpayers...

The time within which the AGM of the F.Y. ended 31.03.2020 (i.e. 30.09.2020) has been extended for 3 months from the due date from which the

The year 2020 has been a rollercoaster. There has been a lot of confusion around the recent due date extensions, ITR forms, list of...

Since its inception, in the eye of the government, GST was supposed to be the ‘One Nation One Tax’. However, in actual sense, Due to some...

The Registrar of Companies (ROC) of various states took an outrageous step and struck off many Companies who had not done their filing...

The due date for filing of Income Tax Return is mentioned in Section 139(1) of the Income Tax Act (hereinafter mentioned as ‘Act’). As...

Taxpayers can now file application for revocation of cancellation of registration, again, if previous revocation application is rejected. Th