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Taxation Articles

Issues in GST Refund of unutilized ITC

  Deepak Bapat   28 February 2024 at 10:12

1. GST Authorities are not granting any refund unless an application is uploaded on the Portal. Section 54 specifies various types of refunds and the category of persons eligible to claim. It is mentioned below in nutshell. Refund to any person, of a ..

Posted in Taxation |   253 Views

All about the Clubbing of Cheque Dishonour Cases

LCI Thought Leader  Rajesh Tandon   28 November 2023 at 16:57

KEY TAKEAWAYS Understanding the procedure of filing of complaint and prosecution in cheque dishonour cases. Studying the reason behind the introduction of clubbing together of the cheque dishonour cases. Analysing the various legislations governing t ..

Posted in Taxation |   1426 Views

Multiple Sources of Income: Types, Deductions and Tax Rates in India

  Yaksh Sharma   12 June 2023 at 09:31

This page discusses Indian income sources, deductions, and tax rates to keep in mind while itr filing. ..

Posted in Taxation |   450 Views

Filing ITR for Foreign Investments and Offshore Assets

  Yaksh Sharma   08 June 2023 at 11:43

IntroductionIn today's globalized world, individuals and businesses often engage in foreign investments and hold offshore assets as part of their financial portfolios. However, when it comes to ITR tax filing, it is essential to understand the ta ..

Posted in Taxation |   299 Views

The Laws for Buying and Selling Cryptocurrency Around the World

  Yaksh Sharma   30 November 2022 at 10:00

Cryptocurrencies such as Bitcoin, Ethereum, Doge, and all others are virtual money transacted online. This means you can buy and sell Bitcoin instantly online using a phone app or web platform. ..

Posted in Taxation |   542 Views

Cryptocurrencies And Taxation Thereof Under Indian Income Tax Act, 1961

LCI Thought Leader  Adv. Ravish Bhatt, ADIT, CIOT   28 July 2022 at 10:40

1. What Is Cryptocurrency?Investopedia defines Cryptocurrency as: - "A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are de ..

Posted in Taxation |   545 Views

Aadhaar Card Update: Check steps to change Aadhaar-linked mobile number

  Yaksh Sharma   31 March 2022 at 17:41

If your mobile number has not yet been registered with Aadhaar, you must go to an Aadhaar Kendra to do so. Aadhaar cardholders should have their cards linked to phone numbers in order to use digital services. ..

Posted in Taxation  7 comments |   1189 Views

Amendments By Finance Bill 2021: Section 35(5) Omitted

  Mansi Aggarwal   03 February 2021 at 14:18

In the budget of 2021, certain amendments have been proposed in Central Goods and Services Tax (CGST) Act and Integrated Goods and Services (IGST) Act, 2017 ..

Posted in Taxation  3 comments |   1274 Views

Arrest Under Customs Act: At Glance

  K.S.Ramaswamy Advocate   27 October 2020 at 16:55

How to arrest someone under Customs Act, Sections used for arrest under the Customs Act, Arrest sections under Customs Act, What are the arrest sections under the Customs Act ..

Posted in Taxation |   1180 Views

Understanding of Section 2(22)(e) of income tax act, 1961

  Namami Jain   09 July 2020 at 15:12

Explanation of section 2(22)(e) of income tax, 1961, What is the meaning of the term dividend, Define accumulated profits, What is the purpose of section 2(22)(e) of income tax, 1961, Case laws related to section 2(22)(e) of income tax, 1961. ..

Posted in Taxation  1 comments |   1470 Views