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Rule 164: Procedure and Conditions for Closing Proceedings under Section 128A
Effective from 1st November 2024, taxpayers can now apply online for waiver of interest or penalty under GST using new forms SPL-01 and SPL-02, as notified by CBIC. Learn the process, timelines, conditions, and consequences of rejection or approval under Rule 128A.
NBFC Takeover Process and RBI Compliance
The takeover process shall primarily involve a thorough review of the target NBFC's documentation by the Acquirer. Upon the Acquirer's approval of the acquisition, a Memorandum of Understanding (MoU) will be executed, accompanied by a token consideration.
Urge of Making GST System Faceless - A Step Towards Transparency and Growth!
Discover how a faceless GST system can enhance transparency, reduce harassment, and boost India’s economy by enabling faster dispute resolution and seamless tax compliance.
File Your ITR Even After Retirement Or Can Cost You Lakhs in Tax Penalty
Retirement benefits include gratuity, provident fund (PF) money etc. are received along with the salary at the time of retirement or voluntary retirement scheme (VRS).
Mahindra Holidays Faces Rs 363 Crore GST Demand Notice
Mahindra Holidays & Resorts India Ltd. on Sunday said that they have received a tax notice of over Rs 363 crore for the financial year 2018–19 including penalty, related to reporting of IGST on its club membership services.
CA Firm Calls Student 'Oversmart' for Asking About Stipend
A CA student in Faridabad sparked a heated online debate when reached out to a CA firm before applying for an articleship and asked two basic questions
Section 143(2) Income Tax Notice for AY 2024-25: Scrutiny Assessment, Faceless Process & Deadlines Explained
30 June 2025
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Income Tax Notice u/s 143(2) for AY 2024-25: Scrutiny Assessment, Faceless Procedure, Time Limits & Professional Help Explained
Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)
Understand GST Rule 28 for valuing supplies between related or distinct persons. Learn about Open Market Value, 90% valuation, full ITC provisions, and corporate guarantee rules with practical examples.
Relief from Prosecution for Late TCS Payment From FY 2025-26
The Finance Bill 2025 has introduced a significant relief measure for taxpayers who TCS but failed to deposit it on time.
Income Tax Slab For The FY 2024-25
Income tax slab determine the rate at which an individual/entity is taxed. Check out the latest Income Tax Slab Rates for FY 2024-25.
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