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Ever bought something and well, forgotten to pay for it? It happens to the best of us! But when it comes to taxes in the world of business it becomes a bit tricky. This article breaks down the impact of non-payment on two key taxes: Goods and Unpaid Invoices Under…

CESTAT Clarifies Tax Implications: Confused about the tax implications of transporting ash from factories to disposal areas? You're not alone! A decision by the CESTAT court in Chandigarh clarified the issue, bringing good news to businesses involved in ash transportation. This blog post dives into the details, explaining why moving…

The Employees' State Insurance Act, of 1948 (ESI Act), was the first major legislation on social security for workers in India. File ESIC return in India is important. The ESI Act 1948, encompasses certain health-related eventualities that the workers are generally exposed to; such as sickness, maternity, temporary or permanent…

The landscape of taxation and deductions in India, as governed by the Income Tax Act 1961, presents a provision of wholesale and retail trade that aims to streamline tax labilities, ensure timely payments and promote a fair taxation system. One of the critical sections under this Act is Section 43B,…

Taxation of corporate reorganization is vital in the realm of business reorganizations, where substantial alterations occur in a company's structure or ownership. Be it through mergers, acquisitions, spin-offs, or other restructuring endeavors, grasping tax analytics holds importance for informed decision-making. These factors have significant influence over the ultimate prosperity and…

In the trending world of intellectual property, exploring the use of trademark clearance certificates and copyright work will be tough. There need to be used several documents in the intellectual property, and one of the essential documents is the Trademark Clearance Certificate for Copyrights. This document is crucial for protecting…

A recent enhancement in the file revised GST Returns taxation system will lead taxpayers an equipped tool, which is valuable and known as the ability to file revised Goods and Services (GST) returns. These returns will be executed from 2025, it is a transformative change to streamline the tax filing…

If you rеcеivеd non filing of ITR notice then it is important to understand thе procеss and know how to rеspond it еffеctivеly. Firstly, Undеrstanding thе non filing of ITR Noticе:  When anyone receive the non filing of ITR notice, he should carefully read and understand the content of the…

  In the realm of GST, understanding corporate guarantee under GST or in supply scenarios is crucial. A corporate guarantee involves one company assuring to meet the obligations of another if it falls short. Whether this assurance qualifies as a supply under GST can be complex. It's pivotal to grasp…

Tax implications of selling a house: Owning the property comes with various tax implications and understanding the different classifications for house property will play a crucial role in maximizing the tax benefits on minimizing the liabilitiеs. This article jumps into the distinction between Self Occupied Property (SOP) Out Property (LOP)…