Explains new income-tax cash limits on expenses, receipts, and loans. Highlights that exceeding thresholds can lead to disallowance and penalties equal to the cash amount.
The Tribunal held that ad hoc disallowance of labour expenses without concrete evidence is unsustainable. It ruled that suspicion alone cannot justify additions when proper documentation exists.
The case highlights that lenders can prefer faster, more reliable payouts over higher bids. It confirms that feasibility and execution certainty outweigh headline value under IBC.
The tribunal held that capital gains from share buyback are not taxable in India under treaty provisions. It clarified that such transactions qualify as corporate reorganisation. The key takeaway is that DTAA benefits override domestic tax provisions when more beneficial.
The new Form 26 replaces multiple audit forms with a single structured framework. It enhances transparency and introduces system-driven verification. The key takeaway is simplified yet stricter tax audit compliance.
A complete guide to E-Way Bill provisions, covering generation rules, validity, and penalties. Learn how non-compliance—even procedural—can trigger serious consequences under GST law.
The DA rate for PSU employees has increased by 0.70% based on CPI-IW trends. The calculation shows how inflation impacts salary adjustments. The key takeaway is that DA revisions continue to reflect moderate inflation growth.
Illustrative formats for financial statements of non-corporate entities as per ICAI Guidance Note applicable from FY 2025–26.
The Tribunal held that Section 14A cannot be invoked in absence of exempt income. It clarified that taxable dividend income eliminates the basis for disallowance.
IBBI introduces IVS as the mandatory framework for all valuations under the Insolvency and Bankruptcy Code. The key takeaway is improved transparency and consistency in asset valuation across insolvency proceedings.
