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Archive: 06 November 2025

Posts in 06 November 2025

Software Payments Not Royalty Under Income Tax Law: Karnataka HC

November 6, 2025 798 Views 0 comment Print

The Karnataka High Court dismissed the Revenue’s appeal, confirming that payments for software usage to a non-resident are not taxable as royalty under the Income Tax Act or DTAA. The court held the issue was conclusively settled by its own and the Supreme Court’s prior rulings in the assessee’s and similar cases.

Private Bus Operators Cannot Ply on Notified Routes Under Inter-State Transport Agreements: SC

November 6, 2025 498 Views 0 comment Print

SC held that private stage carriage operators cannot be granted permits on inter-State routes overlapping notified intra-State routes, reaffirming that State transport schemes under Chapter VI of Motor Vehicles Act override inter-State agreements.

ITR Due Date Extensions: Reasons and Historical Trends

November 6, 2025 2481 Views 0 comment Print

ITR deadlines are frequently extended beyond statutory dates (July 31/Oct 31) due to technical issues, utility delays, or extraordinary events like the COVID-19 pandemic.

Tips For GST Appeals / Applications Before GST Appellate Tribunal

November 6, 2025 1071 Views 0 comment Print

Essential steps for filing GST appeals before the Appellate Tribunal, covering order review, appeal drafting, documentation, and authorized representative requirements for compliance.

Finance Ministry Reviews GST Bachat Utsav Impact

November 6, 2025 648 Views 0 comment Print

Finance, Commerce, and IT Ministers reviewed GST reforms under the GST Bachat Utsav, highlighting rate cuts, price monitoring, rising consumption, and record growth in manufacturing and electronics.

GST Collections Rise to ₹1.96 Lakh Crore in Oct 2025

November 6, 2025 885 Views 0 comment Print

India’s gross GST revenue for October 2025 reached ₹1.96 lakh crore, up 4.6% year-on-year. Import GST grew 12.9%, while domestic revenue rose 2%, reflecting steady demand and a resilient tax base.

Odisha Grameen Bank Concurrent Audit Empanelment Notice

November 6, 2025 1002 Views 0 comment Print

Odisha Grameen Bank seeks CA Firms for Concurrent Audit (Rs. 7,500/month/branch) starting Jan 2026. Eligibility requires RBI registration, 3 years existence, 1 year of bank audit experience, and office within Odisha’s operational area. Applications due by Nov 10, 2025, via registered post.

“To Err Is Human”: SC Admits Judicial Errors, Upholds Rectification

November 6, 2025 7164 Views 0 comment Print

SC ruled that courts must rectify inadvertent judicial errors, affirming maxim Actus Curiae Neminem Gravabit. Ruling compelled a party to yield property after receiving high compensation.

Free Live Webinar on GSTR-9 & 9C Filing – Practical Insights & Compliance Strategies

November 6, 2025 10683 Views 2 comments Print

Join TaxGuru’s free live webinar on GSTR-9 and GSTR-9C with CA Sachin Jain on 9th Nov 2025. Learn practical reconciliation techniques, compliance strategies, and error-free GST filing methods.

SEBI Intensifies Efforts to Combat Online Investment Scams

November 6, 2025 336 Views 0 comment Print

SEBI mandates social media and search engines to adopt verification for financial advertisers and label registered trading apps to protect investors from online investment scams.

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