Industry expects higher exemption limits, revised slabs, and expanded deductions to increase disposable income and improve voluntary tax compliance.
Due to sharp fluctuations in gold and silver prices, the exchange has reset ETF reference prices to the previous day’s close. A 20% price band will apply for trading on 2 February 2026 to maintain market stability.
Appellate authorities could not summarily dismiss applications without verifying the actual submissions made by the taxpayer as for service exporters, FIRCs and BRCs were the gold standard for proving that services were exported, and proceeds were realized in convertible foreign exchange.
Failing to report transporter details in your quarterly TDS return was a procedural error, not a tax deduction failure. Since assessee was not liable to deduct tax (thanks to the declarations), Section 40(a)(ia)—which applied only when tax is deductible but not deducted—could not be invoked.
This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically exempt.
BE filing will be unavailable on 1 February 2026 due to budget-related system updates. The key takeaway is to treat 10:45 AM as the cut-off and plan filings early.
This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The key takeaway is that both cash and non-cash employment benefits are comprehensively covered.
eBRC Generation on DGFT Portal – Detailed Process, Advisory References, Service Exports Clarification & Professional Guide Regulatory Background and Advisory Framework The Electronic Bank Realisation Certificate (eBRC) is a key compliance document evidencing foreign exchange realisation against exports. It is relied upon for: Benefits under the Foreign Trade Policy (FTP) GST refunds (IGST refunds, LUT […]
Using Instagram’s free music in business promotions is treated as commercial use. The key takeaway is that companies must obtain licences to avoid copyright infringement.
This piece highlights essential financial, compliance, and control practices for small businesses. The key takeaway is that early discipline creates a strong foundation for sustainable growth and scalability.
