The Budget outlines a 6.8–7.2% GDP growth outlook, fiscal consolidation roadmap, and inclusive development strategy guided by three Kartavyas.
From ROFR to liquidation preference, critical clauses shape control and exit rights in PE/VC deals. Proper understanding prevents future disputes and dilution risks.
When no TCS is collected and NIL filing is not mandatory, late fee under GST cannot be levied. Departmental delay in cancellation does not create fresh liability.
For the first time since Independence, personal income tax collections have surpassed corporate tax. The shift reflects formalisation, digitisation, and policy-driven corporate rate reductions.
Understand how direct and indirect taxes differ in imposition, collection, and legal framework. The article highlights governing laws, authorities, and landmark Supreme Court rulings shaping tax interpretation.
RBI’s 2025 Directions cap borrower and group exposures, tighten unsecured loan norms, and mandate portfolio diversification. The move strengthens concentration risk management and capital alignment for UCBs.
The Tribunal held that once satisfaction is recorded under Section 153C, assessment for covered years must proceed strictly under that provision. Framing assessment under Section 143(3) was declared jurisdictionally invalid and quashed.
The upgraded MCA21 V3 portal processed over 3.84 crore filings in five years and resolved 98% of helpdesk grievances in FY 2025-26. The initiative strengthens compliance, transparency, and digital governance.
This article explains how Section 2(24) defines “income” under the Income Tax Act and why its inclusive scope captures emerging digital earnings. It highlights judicial principles and the distinction between capital and revenue receipts.
