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FAQs on‘Restaurant Service’ supplied at ‘Specified Premises’

Understand GST rules for restaurant services in \'specified premises\' post-April 2025. Learn about tax rates, declarations, and ITC.\nThe post FAQs on‘Restaurant Service’ supplied at ‘Specified Premises’ appeared first on TaxGuru.

Section 14A doesn’t apply when there is no dividend income: ITAT Hyderabad

ITAT Hyderabad held that disallowance under section 14A of the Income Tax Act is rightly deleted by CIT(A) since assessee has not earned any dividend income. Thus, when there is no dividend income, the provisions of section 14A are not applicable.\nThe post Section 14A doesn’t apply when there is no dividend income: ITAT Hyderabad appeared first on TaxGuru.

Addition u/s. 69C without corroborative evidence liable to be deleted: ITAT Nagpur

ITAT Nagpur held that addition under section 69C towards unexplained expenditure is liable to be deleted due to lack of corroborative and strong evidence. Accordingly, appeal of the department dismissed.\nThe post Addition u/s. 69C without corroborative evidence liable to be deleted: ITAT Nagpur appeared first on TaxGuru.

GST: Section 128A Clarifications on Waiver of interest and penalties

New GST circular clarifies payment via GSTR-3B for Section 128A benefits, and appeal withdrawals for mixed period demands.\nThe post GST: Section 128A Clarifications on Waiver of interest and penalties appeared first on TaxGuru.

CBDT notifies Changes in TDS Return Form 26Q and 27Q

CBDT notifies the Income-tax (Seventh Amendment) Rules, 2025, updating Forms 26Q and 27Q to include Section 194T on payments to firm partners.\nThe post CBDT notifies Changes in TDS Return Form 26Q and 27Q appeared first on TaxGuru.

NRI Property Purchase: Income Tax Reassessment Quashed for lack of basis

Rajasthan High Court quashes income tax reassessment for NRI property purchase. Learn why source of funds matters in tax cases.\nThe post NRI Property Purchase: Income Tax Reassessment Quashed for lack of basis appeared first on TaxGuru.

Advance Tax: Due Dates & Consequences of Non-Payment

Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B & 234C.\nThe post Advance Tax: Due Dates & Consequences of Non-Payment appeared first on TaxGuru.

GST on Medicines and Medical Goods: Government Stance

Insights on GST policies for medicines and medical goods, exemptions for healthcare services, and GST revenue data from 2019 to 2024, state-wise.\nThe post GST on Medicines and Medical Goods: Government Stance appeared first on TaxGuru.

Historical Fall In Stock Market and Government’s Response

Indian stock market witnessed a ₹74 lakh crore loss since Oct 2024. No plans to abolish LTCG tax; reforms made in Budget 2024-25 for simplification.\nThe post Historical Fall In Stock Market and Government’s Response appeared first on TaxGuru.

Income Tax Notices: What They Mean & How to Handle Them

Receiving an income tax notice can be disconcerting, particularly for individuals who are not well-versed with tax laws and compliance processes. Nevertheless, knowing the importance of such notices and the right procedures to follow when receiving them can minimize anxiety and avoid unnecessary legal or financial issues.\nThe post Income Tax Notices: What They Mean & How to Handle Them appeared first on TaxGuru.

Our Location

Address

New No 223/212, Old No 333 1st Floor, Ramamurthy Nagar Main Road Ramamurthy Nagar Bangalore – 560 016 Karnataka, India

Phone Number

+91 99864 49649

+91 98443 32136

Email

shivaprasada.h@spv-ca.com

maddalaprashanth@spv-ca.com