Tax Deducted at Source (TDS) is a mechanism within the Goods and Services Tax (GST) framework in India designed to collect tax at the source of the transaction. This concept…
Interest waivers play a crucial role in tax administration by offering relief to taxpayers facing genuine hardships while encouraging compliance with tax laws. When taxpayers fail to meet their tax…
What is e-Invoicing? E-invoicing is a system where businesses electronically generate and authenticate invoices in a standard format on a designated portal. This process ensures real-time tracking of invoices and…
In the Goods and Services Tax (GST) system, taxpayers may sometimes make voluntary payments that are not directly tied to a specific demand or liability. These payments could be made…
The Goods and Services Tax (GST) Council in India has implemented various relief measures to improve tax compliance, simplify business operations, and foster research activities. The recent GST Council meeting,…
Case Introduction: Ardor Overseas Pvt. Ltd. vs. DCIT Unsecured Loans in Business Financing Unsecured loans play a significant role in business financing as they provide access to funds without requiring…
Introduction: The Need for Balance The globalized economy relies heavily on the seamless flow of imports and exports. However, this flow can be disrupted by the need to investigate tax…
The Direct Tax Vivad se Vishwas (DTVSV) Scheme, 2024, established by Chapter IV (Section 88 to 99) of the Finance (No.2) Act, 2024, is a program implemented by the Indian…
In the complex world of taxation, particularly under systems like the Goods and Services Tax (GST) and various income tax provisions, the use of fraudulent documents such as fake invoices…
Goods and Services Tax (GST) was introduced in India as a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout the nation. Its aim is…
Tax loss harvesting is a strategic financial practice utilized by savvy investors to reduce their tax liability arising from capital gains. By selling certain investments at a loss, investors can…
Goods and Services Tax (GST) has transformed the Indian economic landscape since its implementation in July 2017. GST has brought about a uniform taxation structure, ensuring the seamless flow of…