Cryptocurrency gains in India are taxed at 30% with 1% TDS under the VDA regime. Budget 2026 strengthens reporting rules, making accurate disclosure and reconciliation in ITR essential for taxpayers.
Captive service providers operate with limited risk and must be benchmarked differently from entrepreneurial companies. The analysis explains why TNMM and cost-plus returns are the appropriate methods.
Courts are divided on whether GST authorities can club multiple financial years into a single show cause notice. Many rulings emphasize that each tax period must be assessed separately to protect limitation rules and taxpayer rights.
The Tribunal ruled that a Dependent Agent PE arises only if agents habitually conclude contracts or secure orders on behalf of the foreign enterprise. Since no such evidence existed, the foreign company’s income from software sales was not taxable in India.
The government allowed investments with up to 10% non-controlling beneficial ownership through the automatic route, easing restrictions imposed under Press Note 3 while retaining safeguards.
The government amended Notification 45/2025-Customs to include SBER Bank in List 14. Imports linked to this entry are allowed only for domestic consumption between 25 June 2025 and 31 March 2026.
Explore the assessment procedures for partnership firms in the upcoming years 2022-2023 to 2024-2025. Understand key provisions under Sections 2(23), 184, and 185 of the Income-tax Act, along with detailed computations for total income and book profit. Stay informed about tax rates, deductions, and amendments introduced by the Finance Act 2023. Keep your partnership firm tax-compliant with this comprehensive guide.
The updated Regulation 23 framework introduces turnover-linked thresholds for related party transactions. Listed companies must revise policies and approval processes to comply with the new governance requirements.
The article highlights practical habits such as planning, accurate reporting, and teamwork that help Chartered Accountants deliver quality work and manage professional responsibilities efficiently.
Courts have clarified that once one GST authority initiates proceedings by issuing a show cause notice, the other authority cannot start separate proceedings on the same issue and tax period.
