The GST Network (GSTN) has rolled out Phase-III reforms to Table-12 of GSTR-1 and GSTR-1A to streamline HSN-wise summary reporting and minimize errors and misclassification. These changes are ...

Taxation of Mutual Fund Gains Under India-Singapore DTAA: In a significant ruling, the Mumbai ITAT held that capital gains earned by a non-resident (Singapore tax resident) from the sale/redemption of ...

ACIT, addressed the classification of one-time nominal membership and share transfer fees as either capital or revenue receipts. The issue pertained to the Assessment Year 2017–18, during which the ...

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Tax Transparency is definitely a solution because tax avoidance by using the method of “Double Irish and Dutch Sandwich Strategy” has impacted globally. “The Double Irish with a Dutch Sandwich” is a ...

Audit fee provisions are not allowable unless they meet the test of accrual & crystallization. Prior period payments can be allowed, but only if reflected clearly in the books. This ruling reinforces ...

On the other hand, the respondents, represented by the Senior Government Pleader and Standing Counsel, maintained that the validity of invoking the extended limitation period is a matter of factual ...

In the matter of Sheikh Mohammad Yousuf vs Union Territory of J&K and Ors., the petitioner challenged two separate orders issued by the Sales Tax Officer, Anantnag, which cancelled his GST ...

Summary: This editorial outlines the annual compliance obligations for Deemed Public Limited Companies under the Companies Act, 2013, updated through March 2025. A company is considered “Deemed Public ...

Meaning of a Multi-National Corporation (MNC): A multinational corporation (MNC) is a company that has business operations in at least one country other than its home country and generates revenue ...

Summary: The annual compliance calendar for non-small private companies outlines mandatory filings and procedures as per the Companies Act, 2013, including its amendments and exemptions introduced ...

Dormant Companies are required to Conduct at least one board meeting in each half of the calendar year, with a minimum gap of 90 days between two meetings. Dormant Companies are required maintain ...