Introduction Cryptocurrencies are decentralised, virtual, or digital currencies which are neither backed by any Government nor regulated by any Central Bank (like RBI). These currencies have gained popularity as they… Read More »Taxation on Mining of Bitcoins (Cryptocurrency)
Credits: CCH Tax Online
Concise information about – New Annual Information System to replace the Form 26AS.
Meaning of Small company and the related benefits / relaxation provided to it with updated definition for small company
Introduction: The High Court held that ITC availed by the buyer cannot be reversed on the account of seller’s failure to deposit the tax collected unless a separate enquiry or… Read More »D.Y. Beathel Enterprises V/s State Tax Officer, Tirunelveli – High Court of Madras
Taxation in a country like ours with vast population is challenging due to enormity of transactions. Hence with an intent to regulate the business transactions to create some legal provisions… Read More »Specified Financial Transactions (‘SFT’)
Background of the case Applicant is the business of manufacturing and supply of auto parts. Company is mandated under the Factories Act 1948 to provide canteen / food facilities to… Read More »Mushashi Auto Parts Private Limited – AAR No. HAR/HAAR/2019-20/18