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Archive: 24 December 2025

Posts in 24 December 2025

Tax Compliance Calendar: Calculate Days Left for GST, ITR & Income Tax Deadlines

December 24, 2025 690 Views 0 comment Print

Use a days calculator to track GST, ITR, TDS, and ROC deadlines in India. Calculate exact days for tax compliance and avoid penalties.

Ownership, transfer and business or capital gain needs reverification in joint development agreement

December 24, 2025 309 Views 0 comment Print

ITAT Kolkata held that ownership, transfer, and transaction resulting into profit from business or profession and capital gain in respect of joint development agreement needs more verification. Accordingly, matter remanded back for fresh adjudication.

Why ITAT Reverses Income-Tax Additions Based Solely on Bank Statements

December 24, 2025 1398 Views 0 comment Print

Discover why the ITAT consistently overturns tax additions founded solely on bank entries and how proper enquiry and evidence are critical for assessments.

Form-B under CIRP regulations permits set-off of mutual dealing between Corporate Debtor and creditor

December 24, 2025 432 Views 0 comment Print

NCLAT Delhi held that Form-B under CIRP Regulations, 2016 contemplates specifically permits set-off mutual credit, mutual debts, or mutual dealings between the Corporate Debtor and Creditor. Accordingly, appeal disposed of.

GST Reverse Charge Mechanism (RCM): List of Notified Services

December 24, 2025 49968 Views 0 comment Print

Learn how GST liability shifts from supplier to recipient under RCM and understand the key services affected.

Provisional Attachment of Bank Accounts under GST: What to do?

December 24, 2025 1407 Views 0 comment Print

Learn the legal framework and practical steps to protect your business when GST authorities provisionally attach bank accounts, ensuring compliance while minimizing disruption.

Rejection of refund claim merely because CA certificate is not as per prescribed format is not justifiable

December 24, 2025 465 Views 0 comment Print

CESTAT Chennai held that rejection of refund claim, filed in terms of notification no. 102/2007-Customs, merely for the reason that Chartered Account Certificate is not as per prescribed format is not sustainable since format of Chartered Accountant Certificate as per Public Notice No. 39/2011 dated 14.06.2011 is only suggested format and not a mandatory format.

Why Your ITR Refund Is on Hold: Income Tax Risk Management Alert

December 24, 2025 3795 Views 0 comment Print

Learn why the Income Tax Department is sending risk management SMS alerts and how they differ from scrutiny notices. This guide explains what taxpayers should do if their refund is temporarily held.

Raising Foreign Funding? One FEMA Mistake Can Kill Your Startup

December 24, 2025 594 Views 0 comment Print

Many companies face penalties for ignoring share valuation, late filings, and KYC lapses when receiving foreign investment. Learn how to avoid these critical compliance errors.

Income Tax Alert: Refund on Hold Due to “Nudge” Campaign — What to Do

December 24, 2025 40551 Views 1 comment Print

The IT Department’s “Nudge” alerts identify potentially ineligible refund claims, giving taxpayers a chance to correct errors voluntarily. Learn why these messages are sent and how to respond effectively.

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