The new tax regime introduces a uniform 12.5% long-term capital gains rate. The guide explains updated rules, exemptions, and planning strategies.
ESOPs are transforming careers by linking income to company growth. The key takeaway is that equity can create significant wealth but requires informed decisions.
Learn why GST law restricts transfer of cash balances involving SGST and Cess under PMT-09. Understand permitted routes and how to stay compliant while optimizing cash flow.
Late fees for GSTR-9 cannot be recovered without prior determination. The article clarifies why direct recovery actions violate statutory provisions and natural justice.
The Tribunal found that capital gains were computed without considering the DVO valuation report. It held that ignoring such evidence is improper and directed reassessment based on correct valuation.
Hostel accommodation is exempt only if rent and duration conditions are met. The article explains when GST at 18% applies and when exemption is available.
The Court held that payments made during inspections may indicate coercion. Voluntariness requires free consent and proper opportunity, not pressure.
The Act removes criminal penalties for minor regulatory defaults across 79 laws. It replaces them with civil penalties and adjudication mechanisms.
ITAT held that vacant unsold flats attract tax on notional rent under house property. The key takeaway is that ownership triggers taxation even without actual rental income.
The tribunal ruled that unverified claims of cash payments based on third-party material cannot justify tax additions. It emphasized that evidence must directly implicate the taxpayer.
