Standard deduction rises to Rs. 75,000 and Section 87A rebate threshold increases to Rs. 12 lakh, expanding zero-tax eligibility and boosting take-home pay for salaried taxpayers.
Delhi High Court held that person aggrieved by the provisional attachment order passed by the Adjudicating Authority should prefer an appeal to Appellate Tribunal under section 26 of the Prevention of Money Laundering Act, 2002 [PMLA]. Accordingly, writ petition disposed of.
AIS and 26AS collect and consolidate data from banks, employers, brokers, and property registrars. Filing an ITR simply confirms pre-existing financial records, making unreported income easily detectable.
The next chapter of India’s insolvency regime is about to begin — and Insolvency Professionals (IPs) will be at the centre of it. The Insolvency and Bankruptcy Code (IBC) Amendment Bill 2025 is one of the most significant reform packages since the Code was introduced. With proposals on timelines, group insolvency, cross-border cases, enhanced accountability, pre-package […]
Explains how GST simplified taxes, reduced cascading, and boosted digital compliance while highlighting persistent hurdles like filings, rule changes, and cash-flow strain.
A step-by-step guide explaining how to escalate unresolved investment complaints from the company level to SEBI SCORES and finally SMART ODR for binding resolutions.
The Court held that revocation of a LoI without reasons violated natural justice. It reaffirmed that contractual rights must be protected when parties have relied on government approvals in public procurement.
The Supreme Court quashed criminal proceedings under Sections 406/420 IPC, holding that no prima facie case existed against the accused. The ruling highlights that civil disputes cannot be turned into vindictive criminal cases.
The Supreme Court held that failure to issue notice under Section 7(5)(b) IBC invalidates NCLT rejection; defective affidavits alone do not nullify applications.
Bombay High Court held that dispute between SEBI and petitioner regarding opening of Demat Account in fictitious and benami name and making of large applications in IPO is settled and the said dispute is predominantly commercial in nature having little criminal overtone. Hence, order quashed and set aside.
