Baisakhi Ganguly

Some Common Queries about Goods & Services Tax Answered 4 min read

• GST

Some Common Queries about Goods & Services Tax Answered

Baisakhi Ganguly 8 years ago

The introduction of Goods & Services Tax (GST) is going to be a remarkable step in the reform of indirect tax in India. Clubbing of... Read More

Do floating vessels or ships attract GST? 3 min read

• GST

Do floating vessels or ships attract GST?

Baisakhi Ganguly 8 years ago

The CESTAT , Mumbai in the case of Commissioner of Central Excise And Service Tax (LTU) , Mumbai vs. The Shipping Corporation of India Ltd.... Read More

Assessing Officer to examine the accounts carefully before making dis allowance under section 14A 4 min read

• Income Tax

Assessing Officer to examine the accounts carefully before making dis allowance under section 14A

Baisakhi Ganguly 8 years ago

The Honorable Delhi High Court in the case of Pradeep Khanna vs. ACIT, Circle 30(1) Delhi, I.T.A. no. 953/2015 has held that Assessing Officer should... Read More

No exemption allowed for failure to deposit the consideration towards purchase of new flat 4 min read

• Income Tax

No exemption allowed for failure to deposit the consideration towards purchase of new flat

Baisakhi Ganguly 8 years ago

The High Court of judicature at Mumbai recently in the case of ITA No.545 of 2002, Humayun Suleman Merchant (Appellant) vs. The Chief Commissioner of... Read More

Mere announcement of a concession does not allow relief if it is not stated in the Finance Act 6 min read

• Indirect Taxes

Mere announcement of a concession does not allow relief if it is not stated in the Finance Act

Baisakhi Ganguly 8 years ago

The Hon’ble Apex Court in the case of Amin Merchant vs. Chairman, Central board of Excise & Revenue and Others being Civil Appeal Nos.4676-4677 of... Read More

All about Taxation under GST 4 min read

• GST

All about Taxation under GST

Baisakhi Ganguly 8 years ago

The much-awaited Goods and Services Tax has recently becomes a law with President Pranab Mukherjee signing it after ratification by 16 states. With the placement... Read More

Can cash money be seized during an investigation? 3 min read

• Income Tax

Can cash money be seized during an investigation?

Baisakhi Ganguly 8 years ago

To conduct a business one needs cash. One needs it to buy raw material, to pay fares of transportation, to pay for many out pocket... Read More

compounding of offences under the Income Tax Act approved by SIT 4 min read

• Income Tax

compounding of offences under the Income Tax Act approved by SIT

Baisakhi Ganguly 8 years ago

The Special Investigation Team (SIT) has recently approved compounding of offences under the Income Tax Act for Indians having foreign accounts who are facing prosecution... Read More

Income Tax Return and Annual Information Return – a comparison 2 min read

• Income Tax

Income Tax Return and Annual Information Return – a comparison

Baisakhi Ganguly 8 years ago

According to Taxation Rules, it is mandatory for individuals or entities to file a return no matter whether tax has been deducted at source or... Read More

When subsidy through refund of excise duty is not taxable as income 3 min read

• Income Tax

When subsidy through refund of excise duty is not taxable as income

Baisakhi Ganguly 8 years ago

The word “subsidy” is of vital importance. It is defined as monetary assistance given by a government to a person or group to help an... Read More