Key Difference: GST searches are business-centric, focusing on transactional compliance, while Income Tax searches are more intrusive, aiming at personal and undisclosed income. Governed by Section 67 ...
In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Business and Profession. This ...
People who take tax exemption by citing income from agriculture are now seen getting caught in the clutches of the Income Tax ...
While renting out residential properties remains tax-exempt, commercial leasing comes with specific GST rules that every ...
Usually, the discussion on the income and property of the temple at the tea shop finally concludes that there is no tax on ...
Janapati Venkateswarlu, a daily wage labourer from Chundrugonda, was left stunned after receiving a demand notice from the ...
Vaishno Devi, a rich temple, earned Rs 683 crore in FY24, of which Rs 255 crore came from offerings, which are tax-free, and another Rs 133.3 crore from interest ...
The Institute of Cost Accountants of India (ICMAI) has urged the government to include 'Cost Accountant' in the definition of ...
The State government has consistently adopted a strong stance in the GST Council to avoid revenue loss in Goods and Services Tax (GST), Finance Minister K.N. Balagopal said on Monday.