Madras High Court held that order passed without considering documentary evidences furnished by the petitioner suffers from non-application of mind to material on record. Hence, order set aside with direction to department to re-examine issue.
Pvt Ltd ROC Filing is a essential compliance requirement for non-public confined groups in India. Filing ROC returns on time facilitates organizations to live compliant, keep away from consequences, and maintain accurate standing with the regulatory government.
In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Business and Profession. This classification is crucial for determining the tax obligations of business proprietors, self-employed individuals, and corporations. A comprehensive understanding of how this income is taxed is essential for individuals and enterprises to […]
The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, acquiring a comprehensive understanding of fundamental concepts such as Gross Total Income (GTI) and deductions can substantially influence financial management and the reduction of tax liabilities. Both GTI and deductions serve as critical elements in ascertaining tax […]
Explore key tax reforms in the latest Finance Government Budget. Learn about tax exemptions, TDS relief, MSME support, and investment benefits for the middle class.
Madras High Court rules IGST refund cannot be denied for exports qualifying as zero-rated supply, even when higher duty drawback rates are claimed.
Madras High Court remanded the matter as notice in DRC-01A was merely uploaded in GST portal and hence petitioner was unaware about initiated proceedings. Further, petitioner directed to deposit 25% of disputed taxes.
Check the updated tax slabs for FY 2025-26. Know the new tax rates, rebate changes, exemption limits, and comparison with the old tax regime.
Explore the key TDS changes effective from April 1, 2025, including updated limits, rates, and penalties for late filing or incorrect TDS returns.
Delhi High Court directs GST refund release, rejecting tax department’s delay. Case highlights refund disputes and legal hurdles for taxpayers.
