Understand Section 129 of the CGST Act, which governs the detention, seizure, and release of goods and conveyances for transit violations. Learn about penalties, procedures, and the interplay with Section 126 for minor breaches.
Effective July 14, 2025, the MCA introduces new disclosure norms for Director’s Reports and mandates digital filing with updated e-Forms (AOC-4, ADT-4, CRA, GNL-1, MGT-7). These changes aim to enhance transparency and streamline compliance.
Bangalore ITAT deletes tax additions based on third-party seized documents and retracted statements in DCIT vs. Gopal Krishnanatsa Katigar. Ruling highlights necessity of direct evidence, upholding principles of natural justice and cross-examination rights.
Understand capital gains tax on equity shares, including long-term and short-term classifications, and tax treatment for F&O and intraday trading. Learn about cost of acquisition, exemptions, and tax rates for different investment types.
Consolidate multiple GSTR 2B files effortlessly with this Excel tool. Automate data merging from B2B, ISD, IMPG, and more into a single report, simplifying GSTR 2B reconciliation and reducing manual effort.
Bombay High Court rules that services by an Indian subsidiary to its foreign holding company qualify as “export of service” under the IGST Act, enabling Input Tax Credit refunds. The judgment clarifies “distinct person” and “agency” definitions.
Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties & CBDT notifications
This article examines the evolving judicial landscape surrounding rectification of GST returns, highlighting how courts have increasingly favored a balanced approach that protects genuine taxpayers from the harsh consequences of inadvertent mistakes.
This article aims to provide a detailed overview of income tax and GST obligations for digital earners in Financial Year 2025–26 (Assessment Year 2026–27).
