At the time of penning this, the COVID-19 crisis is increasing exponentially all over the world. Global leaders and organizations are doing their best to manage this crisis. Even so, the boundaries are getting severely stretched. However, it is not just a macro crisis that needs to be handled at a global level.
News & FAQs | By ALOK PATNIA | Last updated on May 11, 2018
The indirect tax department’s investigation arm is scrutinizing the GST credit availed by banks on taxes paid by their ATM vendors and co...
News & FAQs | By ALOK PATNIA | Last updated on May 10, 2018
Bihar Deputy Chief Minister Sushil Kumar Modi-led ministerial panel on incentivizing digital payments under GST will meet on May 11 to as...
News & FAQs | By ALOK PATNIA | Last updated on May 10, 2018
The 28% GST tax on luxury hotels with tariffs of Rs 7500 and above is likely to stay despite the hotel industry lobbying to reduce the ta...
News & FAQs | By ALOK PATNIA | Last updated on Apr 14, 2018
Section 56 (2) (viib) of the Income Tax Act, 1961, has provisions also called as ‘Angel Tax’. You may refer our detailed report on ‘Angel...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 22, 2019
ITR 1 is APPLICABLE ONLY FOR RESIDENT INDIVIDUALSTOTAL INCOME UNDER ALL THE HEADS (SALARY + ONE OUSE PROPERTY+ OTHER SOURCES) SHOULD BE U...
News & FAQs | By ALOK PATNIA | Last updated on Mar 31, 2018
Businesses and transporters moving goods worth over Rs 50,000 from one state to another will have to carry an electronic or e-way bill fr...
News & FAQs | By ALOK PATNIA | Last updated on Mar 31, 2018
The Central Board of Indirect Taxes and Customs (CBIC) has sanctioned Rs 12,639 crore of refunds to exporters, almost all of the pending ...
News & FAQs | By ALOK PATNIA | Last updated on Mar 30, 2018
The Insurance Regulatory and Development Authority of India (IRDAI) in a circular on Wednesday has informed all insurers that the Goods a...
News & FAQs | By ALOK PATNIA | Last updated on Mar 30, 2018
The government has launched a crackdown on goods and services tax (GST) evaders ahead of the end of the fiscal year, signalling it will p...