"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.
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.
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.
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.
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.
Does your EPF earn interest after you leave a job? EPFO rules clarify that PF accounts continue earning up to 8.25% interest even without contributions until age 58.
The recent Supreme Court ruling on tax reassessment notices has significant consequences for around 90,000 taxpayers. The verdict upholds the validity of reasse..
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.
This article explains the new MCA guidelines for LLP Form 11 and Form 8 filing and their significance.
This article explores examples of direct tax and indirect tax in everyday life that will help you apprehend their impact.
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