Popular Articles

Finance Bill 2026: STT on Futures and Options Set to Increase from 1st April 2026

Shree 02 February 2026 at 11:30

The Finance Bill 2026 proposes an increase in Securities Transaction Tax (STT) on futures and options, effective April 1, 2026, aiming to curb excessive speculation and strengthen market transparency.

Can Share Valuation under DCF Method be Rejected and Recalculated by the Assessing Officer?

Vivek Jalan 09 April 2024 at 08:46

Any businessman or entrepreneur, visualises the business based on certain future projection and undertakes all kind of risks. It is the risk factor alone which gives a higher return to a businessman and the income tax department or revenue official cannot guide a businessman in which manner risk has to be undertaken.

The Fall of Integrity: Lessons from Cases Like Puja Khedkar

Sachin 01 August 2024 at 08:44

The recent news about the cancellation of Puja Khedkar's candidacy as a trainee IAS officer by the Union Public Service Commission (UPSC) has raised significant concerns. Khedkar, accused of cheating her way through the Civil Services Examination by providing false information and certificates, is now barred from taking any future examinations.

Taxability on Gift of Capital asset by a Company

Namita Agarwal 10 September 2024 at 08:41

1. Sec. 47 on transfers not regarded as transfers states as follows: (iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevocable trust;

GST Registration Just Got Easier: New Grievance Redressal Mechanism Introduced

CA. Bhavik P. Chudasama 03 May 2025 at 14:07

On 2nd May 2025, CBIC released Instruction No. 04/2025-GST, which introduces a formal grievance redressal mechanism for GST registration applicants.

GST Litigation: Top Issues Leading to Appeals and Court Cases

Chaitra Seetharam 02 December 2025 at 10:54

GST litigation in India continues to rise due to disputes over ITC denial, misclassification, return mismatches, tax demands, refunds, e-way bill lapses, and procedural lapses by authorities. With aggressive enforcement, inconsistent state interpretations, tribunal delays, and evolving compliance issues, taxpayers increasingly seek relief through High Courts and the Supreme Court.

Taxable Event of GST

CA Shiwali Dagar 15 April 2025 at 07:23

"Taxable event" is that on happening of which the charge is fixed. It is that event which, on its occurrence, creates or attracts the liability of tax.

TDS on Salary: Mandatory Consolidation for Govt Transfers, Optional for Private Sector

CA Prashant Gupta 25 August 2025 at 11:06

Learn how Sections 192 & 203 of the Income-tax Act and Rules 26A & 31 guide salary TDS, Form 12B submission and Form 16 issuance for employees.

2 Houses - Tax Issue Simplified in Budget?

CA Umesh Sharma 11 February 2025 at 08:41

This budget has brought significant simplification in the tax treatment of house properties, particularly for self-occupied properties. Earlier, if you owned more than one house, certain restrictions were applied regarding how they were taxed, which often resulted in unnecessary tax liability.

India's New Tobacco Tax Law Will Shock Manufacturers: 5 Rules You Can't Ignore

CA Jaydeep Babubhai Vadher 03 January 2026 at 06:44

Govt notifies new capacity-based excise regime for chewing tobacco, jarda and gutkha under Notification No. 03/2025-CE (NT). Duty to be levied on packing machine capacity, mandatory CCTV, no export exemption, and strict action on unregistered units.