Sections 4, 5, and 14, together provides the legislative framework for imposing the income tax, identifying the extent of taxable income, and categorizing income into various heads for computational purpose, all these provisions provide the basis of this Act’s tax system
Section 74A replaces Sections 73 and 74 to create a single demand mechanism from FY 2024–25. It covers both fraud and non-fraud cases with revised timelines and penalty relief.
The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY 2026–27.
Section 75 strictly regulates GST adjudication, ensuring orders stay within SCN scope and follow natural justice. Courts have reinforced that excess demand or procedural shortcuts are invalid.
India’s farm incomes show growth but remain uneven due to rising costs and climate risks. Sustainable gains depend on diversification, infrastructure, and technology adoption.
The Court held that economic crimes impacting citizens’ financial well-being must be treated with the same rigour as heinous offences. Bail was set aside due to the accused’s criminal antecedents and absconding conduct.
Explains treaty shopping, hybrid mismatches, profit shifting and BEPS reforms, and how structural gaps challenge modern international tax systems.
Discover practical strategies to reduce expenses while maintaining quality and momen-tum. From AI tools to cash flow planning, these cost-cutting tips help protect margins in a tight economy.
