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Income Tax on UPI Transactions: Understanding Taxability of E-Wallet Transactions
Posted inINCOME TAX

Income Tax on UPI Transactions: Understanding Taxability of E-Wallet Transactions

by TaxConcept April 17, 2025April 17, 2025
Posted inINTERNATIONAL TAXATION

UAE Ranks 5th Globally in Tax Efficiency – Cabinet Reviews Strategy

by Anu Lekhi April 17, 2025April 17, 2025
Maximize Tax Benefits: Invest in QIFs in UAE
Posted inINTERNATIONAL TAXATION

Maximize Tax Benefits: Invest in QIFs in UAE

by TaxConcept April 17, 2025April 17, 2025
UAE's New Corporate Tax Rule Explained: Key Changes for Businesses
Posted inINTERNATIONAL TAXATION

UAE’s New Corporate Tax Rule Explained: Key Changes for Businesses

by TaxConcept April 17, 2025April 17, 2025
Posted inMARKETS

India Bond Market Update: Yields Tumble Amid RBI Support & High Liquidity

by Anu Lekhi April 17, 2025
Posted inBUSINESS & ECONOMY

Trump’s Tariffs Loom: Japan’s $63 Billion US Trade Surplus Under Scrutiny

by Anu Lekhi April 17, 2025
Receives Income Tax Notice For ₹10.61 Crore Transaction
Posted inINCOME TAX

Receives Income Tax Notice For ₹10.61 Crore Transaction

by TaxConcept April 16, 2025April 16, 2025
Posted inINCOME TAX

Income Tax Notice to Yes Bank: What It Means

by TaxConcept April 16, 2025April 16, 2025
Posted inINTERNATIONAL TAXATION

UAE  issued a new corporate Tax Rule–Know what changes have been made

by TaxConcept April 16, 2025April 16, 2025
Posted inMARKETS

Nifty Midcap & Smallcap Rockets 16%: Decoding India’s Market Outperformance

by Anu Lekhi April 16, 2025
Income Tax Deductions for Salaried Employees 2025
Posted inINCOME TAX

Income Tax Deductions for Salaried Employees 2025

by TaxConcept April 16, 2025April 16, 2025
Tax Payment Solutions: Offers, Extensions, and Advice
Posted inINCOME TAX

Tax Payment Solutions: Offers, Extensions, and Advice

by TaxConcept April 16, 2025April 16, 2025
GST on Food Packaging Fees: What You Need to Know
Posted inGST

GST on Food Packaging Fees: What You Need to Know

by TaxConcept April 16, 2025April 16, 2025
Income Tax department tries new tack to test FPI ‘substance’
Posted inINCOME TAX

India’s Income Tax Department Targets FPI Treaty Abuse

by TaxConcept April 16, 2025April 16, 2025
Jaipur-based resort has lodged a criminal complaint against hotel aggregator OYO, its founder and CEO Ritesh Agarwal, and several others after it received a GST notice of Rs 2.66 crore, allegedly stemming from “fake bookings” to show an “inflated annual turnover”, The Indian Express reported. Ashok Nagar police station acted upon the complaint of Madan Jain, who is associated with Jaipur’s Samskara Resorts, and filed an FIR. What does the FIR state? The FIR accuses OYO of serious charges, including cheating, criminal breach of trust, forgery, and criminal conspiracy under provisions of the newly enacted Bharatiya Nyaya Sanhita (BNS). According to the FIR, Jain had signed a one-year service agreement with OYO on April 8, 2019. The contract was meant to enable both online and walk-in bookings for the resort. However, he alleges that OYO showed fake bookings in his resort’s name over three financial years – 2018–19, 2019–20, and 2020–21 – even though real business was conducted only in the 2019–20 period. Samskara Resorts reported a business of just Rs 10.95 lakh during the agreement period and paid GST accordingly. But OYO, according to the complaint, falsely reported a turnover of Rs 22.22 crore, resulting in a GST liability of Rs 2.66 crore, which now hangs over the resort, along with penalties. Multiple hotels report inflated GST notices This case is not an isolated one. Multiple hoteliers across Rajasthan have reportedly faced similar GST notices due to inflated bookings shown by OYO. The President of the Hotel Federation of Rajasthan, confirmed that OYO has had longstanding issues with trust and transparency and “poor record” with hotels. “Four years ago, over 125 hotels participated in a campaign against OYO by displaying banners that read, ‘We are not accepting OYO bookings’,” The Indian Express quoted he saying.
Posted inGST

FIR Against OYO: Fake Bookings Cause Rs 2.66 Crore GST Notice

by TaxConcept April 16, 2025April 16, 2025
Posted inMARKETS

Tata Motors Target Price Cut: Why Emkay Global Maintains Buy Despite US Tariff Fears

by Anu Lekhi April 16, 2025
EPF New Rules for Employees
Posted inEPFO

EPFO New Claim Settlement Rules

by TaxConcept April 16, 2025April 16, 2025
Posted inMARKETS

US Tariffs: Moody’s Warns of Global Credit Risk and Recession Threat

by Anu Lekhi April 16, 2025April 16, 2025
First-Time Tax Filers: Essential Steps for 2025-26
Posted inINCOME TAX

🚨 First-Time Taxpayers ALERT! AY 2025-26 E-Filing is LIVE! 🚨

by TaxConcept April 16, 2025April 16, 2025
PAN-Aadhaar Linking Deadline
Posted inTC

PAN-Aadhaar Linking Deadline: Avoid Penalties Now! Latest Update

by TaxConcept April 16, 2025April 16, 2025
ICAI’s Exposure Draft on LLP Auditing Standards
Posted inICAI

ICAI’s Exposure Draft on LLP Auditing Standards

by TaxConcept April 16, 2025April 16, 2025
DRI Seizes 7.56 kg of Cocaine Worth Rs. 75.6 Crore at IGI Airport from Passenger Arriving from Dubai
Posted inBUSINESS & ECONOMY

DRI’s Major Cocaine Bust at IGI Airport: 7.56 kg Seized from Passenger Arriving from Dubai

by TaxConcept April 16, 2025April 16, 2025
Reassessment Validated Due to Assessee’s Late Explanation for Cash Deposits During Demonetization: High Court Ruling
Posted inJUDGEMENT

High Court Upholds Reassessment for Unexplained Cash During Demonetization

by TaxConcept April 16, 2025April 16, 2025
Posted inINCOME TAX

ITR Filing Season Begins: AY26 Dates, Form 16 & How to Get Your Refund Quickly

by Anu Lekhi April 16, 2025April 16, 2025
Posted inCOMPANY LAW

GST Registration for LLPs: Key Requirements and Benefits

by TaxConcept April 16, 2025April 16, 2025
income tax
Posted inINCOME TAX

Income Tax Departments to Traces These Cash Transactions

by TaxConcept April 15, 2025April 15, 2025
Marginal Tax in the US System
Posted inINTERNATIONAL TAXATION

Understanding Your Real Tax Rate in the US

by TaxConcept April 14, 2025April 14, 2025
Posted inJUDGEMENT

Big relief for homeowners: ITAT rules redeveloped flats not taxable as ‘other income’

by Anu Lekhi April 14, 2025April 14, 2025
Posted inINCOME TAX

Reply to notice under section 142(1) of income tax act

by TaxConcept April 14, 2025April 14, 2025
Posted inINCOME TAX

Mastering Income Tax Portal Login & Registration

by TaxConcept April 14, 2025April 14, 2025

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  • Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26
  • GST News: Extension of GST Ship To GSTIN and E-Way Bill Features
  • Claiming Double Taxation Avoidance Agreement (DTAA) Benefits for Non-Residents on Income Earned in India.
  • Garima Leather Exports -Demonetization Cash Deposits
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