Radhika Agarwal Judgment plays an important role for aligning and clarifying the procedures for arrest under the Customs and GST Acts. This judgment clarifies the domain of reason to believe for arrest, what procedures should be followed for arrest, for what reasons arrest could be commence, what are the rights of the arrestee or accused and also interpretation of laws under the Customs and GST Acts.
Ever missed a tax deadline or realized you underreported income in a past return? The Income Tax Department offers two remedies: Updated Returns (ITR-U) and Condonation of Delay. While both address late filings, they serve different purposes. Let’s break down their differences in plain language to help you choose the right option.
History of Income Tax Legislation in India India’s income tax story begins during British colonials rule. The first Income tax appeared in 1860 , primarily to fund the British Empire after the 1857 rebellion . It was a short lived experiment, but it laid the ground work for future income tax legislation in India. Indian […]
Learn about India’s GST Act, its structure, objectives, tax types, exemptions, compliance measures, and the role of the GST Council in tax administration.
Rent Agreement is a legal document outlining the terms and conditions mutually agreed upon by the Owner and the Tenant for leasing a specified property.
Understanding how taxation affects SMEs is essential for business owners, policymakers, and investors. This blog explores the various ways tax policies influence SMEs and offers insights into potential improvements.
ITAT Delhi’s ruling in Mahavir Prasad Gupta vs. JCIT (AY 1997-98) addresses Section 54F exemption, long-term capital gains, and interest under Sections 234B & 234C.
Learn about demerger under the Companies Act, 2013, its process, types, regulatory framework, taxation aspects, and key challenges in corporate restructuring.
SEBI invites public feedback on reducing the minimum application size for ZCZP instruments on the Social Stock Exchange to enhance retail participation.
The board approved the adoption of a new Memorandum & Articles of Association in compliance with the Companies Act, 2013, subject to shareholder approval.
