Introduction In GST litigation, Section 107 of the CGST Act, 2017 creates an uncommon situation: both the taxpayer and the department can file a first appeal. This is a sharp departure from the Income-tax Act, where only the assessee can initiate a first appeal. The result? An environment where even a favourable order for the […]
Explains how transaction value, related-party scrutiny, and special valuation rules affect duty calculation and compliance for imports.
MCA’s new Bill introduces fractional shares and Producer LLPs, boosting retail investment access and reducing compliance for farmer groups and agro-entities.
MCA plans to exempt firms up to ₹1 Cr turnover from mandatory statutory audit, easing compliance for micro-enterprises. Major reform ahead!
Covers the flat 30% tax on VDA transfers, 1% TDS requirements, and essential record-keeping for cryptocurrencies, NFTs, and tokenized assets.
Highlights the legal obligations of timely ITR filing, penalties for delays, and the benefits of maintaining a clean financial record.
Explains the new tax slabs, higher Section 87A rebate, and standard deduction increases under the Finance Act 2025, highlighting relief for taxpayers earning up to ₹12 lakh.
Explains how income from freelancing and content creation is classified, taxed, and regulated under major Income Tax Act provisions.
Explains how freelance income is taxed, what deductions are allowed, and why declaring all earnings is crucial for compliance.
Learn how late filing under Section 234F and interest under 234A/B/C can escalate costs and how timely filing avoids unnecessary penalties.
