Authorities are scrutinizing bundled fees, hostel/mess charges, transport, and uniforms. Schools must ensure ancillary services comply with GST rules to avoid liability while core education remains exempt.
Learn how the Income Tax Department handles high cash deposits, what notices to expect, and step-by-step strategies to respond with proper accounting and documentation to avoid reassessment issues.
Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless assessment. Learn how proper documentation and timely response reduce compliance risks.
Understand how credit card transactions are tracked, when high spending can trigger notices, and how proper ITR filing protects you.
The regulator has reconstituted its Pension Advisory Committee with effect from January 5, 2026. The new panel includes government officials, industry leaders, and pension experts.
Delhi High Court held that license for EOU issued by DoC i.e. Department of Commerce is not equal to industrial License to be issued by the DPIIT. Accordingly, writ petition by the bidder is dismissed.
ITAT Pune held that disallowance of interest paid on housing loan is upheld since assessee has failed to provide documentary evidence like loan sanction letter or bank certificate. Accordingly, ground raised by assessee is dismissed.
Karnataka High Court held that section 25(4) of the Customs Act is declared as arbitrary and contrary to section 25(1) and (2A) of the Customs Act. Accordingly, the present writ petition stands allowed.
Delhi High Court held that outsourcing solutions including transaction processing services and Internet/voice-based customer care services for its clients to subsidiary in India doesn’t result in creation of Permanent Establishment [PE] in India under India-USA DTAA.
The issue concerned a large Schedule BP deduction disallowed under section 37. The Tribunal held that prima facie the amounts were both added and allowed in the return, warranting fresh verification by the Assessing Officer.
