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Discover what the ITAT Ahmedabad ruled about buying property in a wife's name. Avoid being taxed for unexplained investment.
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Recently, a penalty of whopping INR 1.32 crores (approx.) imposed by the Hon’ble High Court (“HC”) of Madhya Pradesh on a transport company na...
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05 January 2026
3814 Views
Income Tax Reforms 2025 bring revised slabs, zero tax up to Rs 12 lakh, higher standard deduction, simplified TDS/TCS rules, and a proposed New Income Tax Act to modernise India's tax system.
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There would be many instances where a long term commodity purchase or sale agreement are being entered between the parties where there is a quantity to be deliv...
Incorporation of Incubators - Business Entrepreneurship
Under the Atal Innovation Mission, the Government is setting up Atal Incubation Centres in the public and private sector as well as scaling up Established Incubation Centres.
ITR-U: Empowering Accuracy and Compliance in Tax Filings
ITR-U, known as Updated Return, enables individuals to rectify mistakes or omissions in their income tax returns. Introduced in the Union Budget 2022 offers taxpayers to file ITR if they have unintentionally left out a source of income or committed errors in their initial ITR submission, Section 139(8A) of the Income Tax Act grants a two-year period for corrections.
Ability to receive ITC hinges on your suppliers
Registered taxpaying businesses, choose your suppliers carefully. Under Goods and Services Tax (GST), your ability to receive input tax credit (ITC) hinges on y...
Form 10F Update: PAN-Free Tax Filing for NRIs
In a significant development, non-resident Indians (NRIs) can now navigate tax-related matters more efficiently, thanks to the introduction of electronic filing for Form 10F.
TDS Applicability On Payments To Government And Authorities - A Legal Identity Perspective
26 December 2025
3805 Views
Understand when TDS applies to payments made to Government, authorities, PSUs, and local bodies. Clear guide on Section 196, Section 194Q, and GST TDS under Section 51.
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