Associate TG
Experts Call for a Permanent Tax Settlement Mechanism to Resolve Backlog of Legal Tax Disputes Resolve Backlog of Legal Tax Disputes Tax disputes in India have been a persistent issue for years, with numerous taxpayers finding themselves caught in a prolonged battle in the Income Tax Appellate Tribunal (ITAT), High Courts (HC), or even the … Read more
Applicability for Delay in Filing FORM GSTR-9C Applicability for Delay in Filing FORM GSTR-9C The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification regarding the applicability of late fees for the delayed filing of FORM GSTR-9C, the reconciliation statement under GST. Applicability for Delay in Filing FORM GSTR-9C This clarification, issued … Read more
ITR-U Filing Alert ITR-U Filing Alert The Income Tax Department has issued a warning to taxpayers regarding claims under Section 80GGC for donations to political parties. Many taxpayers, including salaried individuals, have received SMS alerts advising them to verify their claims and file an Updated ITR (ITR-U) by March 31, 2025, if any discrepancies exist. … Read more
Capital Expenditure vs Revenue Expenditure Capital Expenditure vs Revenue Expenditure Every rupee of tax you pay goes somewhere—some of it builds the future, while some keeps the country running. But how does the government decide where to spend? Understanding the difference between capital expenditure and revenue expenditure helps in decoding how the government prioritizes its … Read more
Against Firm Owners for Issuing Fake Bills Against Firm Owners for Issuing Fake Bills The Goods and Services Tax (GST) department has intensified its crackdown on tax evasion by lodging three FIRs against different firm owners and partners for issuing fake bills. These fraudulent activities cause significant losses to the government exchequer and violate multiple … Read more
