ITAT Mumbai held that market development expenses towards sale of product is revenue in nature hence denial of same is unsustainable. Accordingly, market development expenses being revenue expenditure is allowed as deduction.
Karnataka High Court held that Assessment Order and other proceedings taken up against the deceased are all null & void. Also held that proceedings initiated against deceased person by issuing notice after demise cannot be continued against the legal representative.
The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95 lakh crore, reflecting strong growth.
Use the Income Tax Calculator for FY 2025-26 to compare old and new tax regimes, calculate TDS, and generate Form-16 easily.
Explore key Budget 2025 changes in income tax, GST, and MSMEs, including new tax slabs, TDS changes, and more.
Understand GST credit notes under Section 34 of CGST Act: rules for issuing credit notes, implications for suppliers & recipients. Learn more about GST compliance.
Learn how the Marginal Relief provision in the Union Budget 2025 helps taxpayers avoid high tax payments for small income increases.
Key highlights of Union Budget 2025-26 on GST, customs, and tax reforms, including input tax credit changes, customs duty reductions, and trade facilitation measures.
Whistleblowing fosters ethical governance by ensuring accountability. Learn key elements for an effective whistleblower policy, reporting, and oversight.
The Indian government prohibits the export of de-oiled rice bran until September 30, 2025, under the revised export policy. Learn about the updated regulations.
