Understanding Form DRC-03A in the GST System
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…
Introduction to GST Relief Measures in India
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,…
Unsecured loans proved to be genuine hence disallowance of interest u/s. 36(1)(iii) Ardor Overseas Pvt. Ltd. Vs DCIT (ITAT Ahmedabad)
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…
Balancing Act: CBIC Guidelines for Tax Evasion Investigations
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…
Income Tax Benefits of Taking a Loan in Joint Name for Buying a House Property
Investing in real estate has always been a popular financial strategy, but did you know that buying property in a joint name can come with its own set of income…
Know online status of claim under EPF (employee provident fund)
The Employees’ Provident Fund Organisation has launched a facility for online verification of status of the claim under the EPF. The facility can be availed at http://59.180.233.84/homepage_claim_status_new.php The user needs to select his State, the EPF office, Establishment Code, Extension code,…
Interest Rate on PPF increased to 8.60 percent w.e.f. 01.12.2011
[TO BE PUBLISHED IN THE GAZETTE OF INDIA: EXTRAORDINARY, PART II-SEC. 3 (i)] MINISTRY OF FINANCE New Delhi, the 25th November, 2011 (Department of Economic Affairs) NOTIFICATION S.O. (E).– In…