Per Ind AS 115, “Revenue from Contracts with Customers”, the revenue recognition process is structured into the following ...

– Information Technology Act, 2000: This act, along with the Information Technology (Reasonable Security Practices and ...

The Finance Bill, 2025, has raised the rebate limit under Section 87A to ₹12 lakh under the New Tax Regime. However, a ...

Held that, no provision of the CGST Act renders the Petitioner ineligible from applying for fresh a GST registration after cancellation. The Circular was binding on the Petitioner. Hence, the ...

Aggrieved by the judgment of income tax appellate tribunal, assessee move to high court with this Appeal under Section 260A of the Income Tax Act, 1961 ...

Krishna: Indeed, Parth! Sometimes, these legislative amendments benefit the taxpayers, and at other times, they do not. However, when interpreting tax laws, courts must not merely rely on the wording ...

9. Thus, it is very well settled that the circulars issued by the CBDT have the force of law and are binding on the income ...

Corresponding amendments have been made by the Finance (No.2) Act, 2024 in the provisions under the second regime whereby, ...

It is definitely in the fitness of things that, while taking a very pragmatic approach, the Orissa High Court, in a most learned, laudable, landmark, logical, and latest judgment titled Manoj Kumar ...

The High Court ruled that Section 50C applies only to the transferor of land and not to those with rights in land. Since Namaste Exports Ltd. was the transferor, the court held that Section 50C was ...

The Tax Deducted at Source (TDS) rates for FY 2025-26 (AY 2026-27) outline the tax obligations on various payments, including salary, interest, rent, winnings, and professional fees. TDS on salary ...

As mentioned in the clause 121 of the finance bill, 2025 the amendment is proposed in sub-section (2) of Section 34 of the CGST Act, 2017. Let us have a look at the sub-section (2) of Section 34 of ...