Popular Articles
System Reforms, a pre requisite for Economic Reforms
The article deals with Tax reforms, e-filing of returns, integrated business laws, constitutional law
Section 43B: Deduction of certain payments only if actually paid
In case a deduction has already been claimed on an accrual basis in any earlier previous year, it will not be allowed again in the year in which it is actually paid.
Old vs. New Tax Regime: Which One is Better for You After Budget 2025?
The Union Budget 2025 has brought cheers on the face of the middle class and crores of people. Because you need not pay any tax if you are earning an aggregate of Rs. 12 Lakhs or less during financial year on fulfillment of some terms and conditions.
Analysis of RBIs regulatory packages for COVID-19
Through this write up efforts have been made to explain point wise much-awaited steps taken by RBI to smooth the flow of credit and ease out the liquidity problem currently faced by business specially SMEs.
Best Judgement Assessment - A Thoughtful Analysis!
Section 144 of the Income Tax Act outlines the procedure for making assessments when a taxpayer fails to fulfill certain obligations, such as submitting returns or complying with notices issued by the Assessing Officer.
Is the Union Government also facing huge losses amidst COVID-19?
Consolidated Half Yearly Accounts of the Union Government of India are reflecting a DEFICIT Balance of Rs. 9,13,993 crores.
Issues Pertaining to HRA claims
The Ministry of Finance recently issued a clarification regarding media reports suggesting a special drive by the Central Board of Direct Taxes (CBDT) to reopen cases linked to House Rent Allowance (HRA) claims. These reports, according to the Ministry, are not grounded in reality, and there is no substantial evidence to support claims of a large-scale reopening of cases.
SEBI notifies Compliance Report on Governance for InvITs
Securities Exchange Board of India ('SEBI') vide circular SEBI/HO/DDHS-PoD-2/P/CIR/2023/100 dated June 26, 2023 issued a format of Compliance Report on Governance for Infrastructure Investment Trust ('InvITs'). This circular is applicable to InvITs whose units are listed on recognised stock exchange.
What if ITR is not Filed before 31st July 2024?
Due date for filing of Income Tax Return for Individuals is 31st July, but still, many people around the nation have not filed their Income Tax Return. What are the implications of not filing the ITR on time?
GST at 0.05% or 0.1% for Merchant Exporters: Eligibility, Conditions & Compliance Risks
Detailed guide on concessional GST supplies to merchant exporters at 0.05% / 0.1% under Notifications 40/2017-CT and 41/2017-IGST. Covers eligibility, conditions, 90-day export rule, documentation, risks and supplier SOP.
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