Breaks down the net worth and income levels required for individual and household top-1% status. Key takeaway: ₹1.5–3 crore in wealth or ₹20–60 lakh in income places you among India’s economic elite.
Indian service exporters must comply with interconnected GST, Income Tax, TDS, and FEMA rules to legally serve international clients and claim tax benefits. Under GST, exports qualify as zero-rated services only when recipients are located outside India, payments are received in foreign currency through authorized banks, and businesses maintain proper documentation including LUT, SAC codes, […]
Explains why cryptocurrency is not treated as foreign currency under GST law, causing service exporters to lose LUT benefits and pay 18% GST on crypto-based export receipts.
Tribunal held that a Section 148 notice issued by the Jurisdictional AO after 29.03.2022 is invalid under the faceless reassessment regime. It ruled that only the Faceless AO could issue such notices, vitiating the entire reassessment.
Learn when and how TDS applies to payments for contractual work, including rates, thresholds, exemptions, and recent amendments.
Explore how Indias new labour codes consolidate 29 laws to provide better wages, social security, and workplace safety.
ITAT Delhi held that obtaining sanction u/s 151 from PCIT instead of PCCIT for reopening beyond 3 years invalidates reassessment. Jurisdictional defect renders entire proceedings void.
The content outlines how users can earn daily digital-asset income by renting remote computing power instead of maintaining mining equipment. It highlights key features such as flexible plans, security measures, and a simplified onboarding process.
The Court ruled that the Tribunal failed to examine key contractual clauses and judicial precedents before denying a deduction claim. It held that such non-consideration amounted to a mistake apparent from the record.
ITAT Pune allowed a retired PSU bank employee to claim leave encashment exemption of Rs. 6,97,100 under Section 10(10AA) after limit was revised from Rs. 3,00,000 to Rs. 25,00,000. The ruling confirms that updated notifications can affect eligible deductions.
