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Under the existing provisions of section 80G, donation in excess of INR 10,000 made in cash is not allowed.

Pursuant to the recommendation of the 50th GST Council Meeting held on July 11, 2023 concerning the imposition of consistent 28% GST rate on all actionable claims supplied in casinos, horse racing and online gaming on full face value.

Provisions of section 68 of the Act reads as under:

The Supreme Court has in the case State Tax Officer (IB) v. Shabu George dismissed the Special Leave Petition filed by the Revenue department against the Kerala High Court decision...

The rapid outbreak of the novel coronavirus led to global lockdowns and caused massive interruptions of international flights, stranding the citizens in different countries

CBDT releases clarification, vide circular dated 7 August 2019, laying down the procedure for cases concerning startup companies selected for scrutiny by the tax department.

The Bombay High Court vide its judgment dated 08.02.2021, has raised a new question instead of delivering an answer to the correct and firm interpretation of the legislation.

The Goods and Services tax unifies the Indian market for goods and services into a single market with a common tax code and hopefully a single rate (18 % RNR) on a pan India basis.

In the case of Best Cybercity (India) Pvt. Ltd. Vs Income Tax Officer, Ward 4(3) & anr., Delhi High Court summarized the requirements for re-opening of the assessment beyond 4 years in the case of assessment ...

The CESTAT Chennai examined whether converting waste PET bottles into PET flakes constitutes 'manufacture' under the Central Excise Act, 1944. The case involved a process of sorting, crushing, washing, and drying used bottles into flakes, raising questions about whether this transformation creates a new product or merely changes the physical form of existing PET material.

The Hon'ble Finance Minister presented the Finance Bill 2021 in an unprecedented environment of economic slowdown.

According to the new provisions in the Act, in addition to the Indian director, both the Italian directors are also required to obtain Indian PAN card.

With people across the world getting nearer owing to globalization, the international transactions including the business dealings have seen a drastic increase.

The Bombay High Court has upheld the contention of the assessee that in absence of any saving clause in the omission of Rules 89(4B) and 96(10) of the Central Goods and Service...

The Central Board of Direct Taxes (CBDT) vide Notification1 dated 9 August 2023 has extended the applicability of the Safe Harbour Rules under Rule 10TD of the Income-tax Rules, 1962 (the Rules) to Assessment Year (AY) 2023-24.

The Hon'ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha.

It was set-up by John D. Rockefeller to manage his family's business and philanthropic pursuits, but now advises multiple families, including the illustrious Rothschilds.