Summary As per the Finance Act 2024, the long-term capital gains (LTCG) tax on listed securities has been raised from 10% to 12.5% for transactions carried out ...

ITAT Visakhapatnam held that confirmation of addition by CIT (A) due to non-appearance by assessee. Accordingly, matter remanded back with direction to give one more opportunity of being heard.

Delhi High Court held that it is beyond the scope of the High Court to allow premature redemption from the bond through ...

The forward charge rule says supply timing is when the invoice is issued or payment is made. This rule covers most GST dealings. Businesses need to keep track of these GST supply event rules to stay ...

On 25 November 2024, the National Financial Reporting Authority (NFRA) finalized and recommended 40 Standards on Auditing (SAs) and related Standards on Quality Management (SQMs) to the Central ...

ITAT Delhi held that since after filing of an appeal no one appeared on behalf of the assessee. Accordingly, the appeal filed by the assessee dismissed due to none appearance by the assessee.

The updated table outlines the jurisdiction and powers of Principal Commissioners and Commissioners of Central Tax across ...

The Central Board of Direct Taxes (CBDT) issued Notification No. 121/2024, dated November 25, 2024, granting approval to SKAN Research Trust, Bengaluru, under Section 35(1)(ii) of the Income-tax Act, ...

2. The report received from the trial Court says nothing about the issue. It has been simply stated that on the first day of ...

It is hereby announced for general information that in view of Makar Sankranti/Bihu/Pongal festivals across India, Chartered Accountants Foundation Examination, January-2025 the said examination dtd ...

Kasturi & Sons Pvt. Ltd. Vs Additional Commissioner of GST & Central Excise (Appeals-1) (Madras High Court) Summary The Madras High Court, in Kasturi ...

Deputy Commissioner of State Tax (W.P.A. No. 16185 of 2024), the Calcutta High Court addressed the issue of whether the State GST Department is empowered to initiate proceedings when the Central GST ...