Assessing Responsibility of Independent Directors Review of V. Selvaraj v. Reserve Bank of India (2020) Overview A director is a person chosen or designated to ...

TDS concept: TDS stand for Tax Deducted at Source. It is an amount deducted by the payer at the time of payment such as salary, interest, professional fees, rent, commission, etc. The basis though is ...

In the intricate landscape of Indian taxation, the concept of a Hindu Undivided Family (HUF) holds a significant position, offering a unique avenue for family wealth management and tax planning. An ...

Additionally, it underscores the importance of a strong dispute resolution mechanism in settling tax disputes and restoring taxpayer confidence in the GST ecosystem. By examining the structure, ...

The principle of fiduciary duty has its basis in the theory of good faith. Between two individuals, one must safeguard the other’s interests, and if the former’s use of such a relationship generates ...

Under the Companies Act, 2013, Corporate Social Responsibility (CSR) mandates certain companies to spend 2% of their average net profits on social and environmental initiatives like education, poverty ...

It is to be noted that interest will be calculated on the amount of input tax credit which is wrongly availed and utilized. Meaning thereby, that interest is not payable on input tax credit which was ...

Ultimately, it was at Pakistan’s request that a ceasefire was accepted when their Director General of Military Operations (DGMO) contacted his Indian counterpart. To accept this request while ...

Allahabad High Court rules GST demand for pre-CIRP period invalid after NCLT approves resolution plan, citing Supreme Court judgments on IBC finality.

The Delhi High Court has set aside a Goods and Service Tax (GST) demand order against M/s Jai Optical, observing that the GST ...

The case involved Jai Optical, a business formerly engaged in the trading of optical items. The proprietor stated that the business ceased operations in 2022, and its GST registration was subsequently ...

The genesis of the dispute lies in the assessee’s failure to file a return of income despite significant cash deposits in his ...