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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 |   312 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 |   2082 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 |   595 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 |   1333 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 |   1292 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 |   1599 Views


Section 87A: How Does It Work?

  Guest   21 May 2020 at 17:33

Section 87A: How Does It Work? ..


Posted in Taxation  1 comments |   818 Views


Vivad Se Vishwas Scheme - Implication on 110% Tax Rule

  Saurabh Goyal   01 April 2020 at 11:01

What is Vivad se Vishwas Scheme? What is Vivad se Vishwas Direct Tax Act, 2020? What will be the payable tax under this scheme? ..


Posted in Taxation |   559 Views


All You Need To Know About Appeals Against the Commissioner of Income Tax

  CA. Brijesh Baranwal   11 January 2020 at 12:07

All You Need To Know About Appeals Against the Commissioner of Income Tax. ..


Posted in Taxation |   787 Views


A Complete Understanding Of Input Tax Credit Under GST

  Vivek Chaudhary   09 October 2019 at 12:32

What is Input Tax Credit(ITC):-ITC means deducting the tax paid on Inputs and Inputs Services from the tax payable on final output.What are conditions for claiming ITC(Section-16):-There are flat twelve conditions for claiming input tax credit under ..


Posted in Taxation |   844 Views