Explains why U.S. citizens and resident aliens must report global income and how exclusions apply. The key takeaway is that living abroad does not remove U.S. filing obligations.
The piece outlines statutory conditions and procedural steps governing ESOPs in India. The key takeaway is that ESOP flexibility exists only with strict legal compliance.
Digital savings accounts simplify banking with easy access and fewer steps, but they also introduce learning curves and security concerns. The key takeaway is balancing speed and comfort with trust and familiarity.
The Tribunal held that the Assessing Officer cannot apply FMV for capital gains and book value for business income on the same converted asset. Section 45(2) mandates consistent valuation to prevent artificial inflation of taxable income.
Summarises major tax, GST, customs, and regulatory changes released in early February 2026. The key takeaway is the breadth of compliance-impacting updates across sectors.
Explains how the amended law standardises limitation and why timely, structured replies matter. The key takeaway is that missed timelines can invalidate proceedings.
Budget 2026 strengthens MSMEs through a new equity fund, expanded TReDS financing, and low-cost compliance assistance. The key takeaway is a holistic push to scale, fund, and formalise MSMEs.
Clarifies that a GST notice is not an adjudication but the start of a legal process. The takeaway is to respond calmly with facts and law, not panic.
Courts have held that Section 130 cannot be invoked merely on suspicion or minor procedural lapses during transit. The key takeaway is that confiscation requires clear evidence of deliberate tax evasion.
The Tribunal held that royalty is includible in transaction value only for the normal period, while other statutory levies are excluded. Extended limitation, penalty, and interest were set aside due to absence of intent to evade duty.
