Learn how students and first-job earners can choose the right tax regime to maximize in-hand salary and build long-term savings.
Explore how entrepreneurs can balance debt and equity to maintain financial health, minimize risk, and support long-term growth.
The reassessment notice under Section 148 issued after 01.04.2021 did not comply with the amended provisions requiring enquiry and hearing. The NFAC held the reassessment order void ab initio. This ruling emphasizes strict adherence to procedural safeguards under amended law.
The NFAC remitted a statutory authority’s taxability under Section 2(15) to the AO for fresh consideration. The assessee’s exemption claims under Sections 11 and 12 were disputed. The ruling ensures reassessment aligns with Supreme Court guidelines and provides a fair hearing.
जानिए कैसे घर-स्तरीय उद्यमिता परिवार और समाज के लिए आय, रोजगार और आर्थिक स्थिरता के अवसर पैदा करती है।
ITAT Delhi deletes ₹38 lakh additions under Sections 68 and 69A, accepting that agricultural income was misreported due to a clerical error and demonetization cash was properly explained.
The rapid growth of India’s digital economy has created a distinct tax landscape for freelancers and content creators, whose income comes from sponsorships, advertising revenue, affiliate commissions, consulting, digital products, and barter arrangements. For Income-tax purposes, such earnings are usually classified under “Profits and Gains of Business or Profession” (PGBP), with the option for presumptive […]
Understand how Indian tax law treats freelancers, including PGBP classification, deductions, TDS, GST, and presumptive taxation for independent professionals.
A GST demand and recovery order was invalidated as the issuing officer acted beyond jurisdiction. The matter is remitted to a new officer for reconsideration. This ensures fair process and proper application of the law.
Learn how Income Tax, GST, and TDS affect small businesses and startups, and discover practical strategies to manage taxes efficiently.
