Private security agencies must renew their PSARA License before expiry to continue operations legally. Delays or non-compliance can lead to penalties, business disruption, and reputational damage.
CBIC clarifies that fake invoices without actual supply do not create a taxable supply, but wrongful ITC utilization can trigger recovery under Section 74. The distinction depends on how the ITC is used.
The provisions governing income tax refunds explain when excess tax paid can be claimed back, who is entitled to receive refunds, and the circumstances in which interest is payable on delayed refunds. The key takeaway is that taxpayers can seek refunds through return filing, benefit from statutory interest on delayed payments, and obtain relief through condonation mechanisms in genuine hardship cases.
The Supreme Court ruled that the presence of monetary stakes, rather than the skill-versus-chance distinction, determines whether online gaming constitutes betting and gambling for GST purposes. The decision subjects stake-based platforms to 28% GST on the total prize pool or deposits.
A comprehensive overview of Income Tax Return filing obligations, due dates, belated and revised returns, updated return provisions, and consequences of non-compliance. The key takeaway is that return filing requirements extend beyond taxable income thresholds and apply to various specified categories and transactions
The Madras High Court upheld a man’s conviction for killing an engineering student who chose to end their relationship. The Court ruled that rejection in love can never justify violence and affirmed the life sentence based on reliable evidence.
The document explains tax rates applicable to individuals, HUFs, firms, companies, co-operative societies, foreign companies, and local authorities under both old and new tax regimes. The key takeaway is that the Finance Act, 2026 continues the new tax regime as the default system while revising slab rates, surcharge provisions, rebates, and concessional tax options for various categories of taxpayers.
The Tribunal ruled that Section 153C requires the AO of the other person to independently assess whether seized documents have a bearing on that person’s income. A mechanical satisfaction note based solely on another officer’s communication was held invalid.
A GST Bar Association has sought a three-month extension for filing GSTAT appeals, citing procedural complexities and evolving filing requirements. The representation emphasizes that access to justice should not be hindered by unsettled compliance processes.
Resident senior citizens aged 60 years or above are exempt from paying advance tax if they do not earn income from business or profession. The provisions under Sections 207 and 208 clarify that this benefit is unavailable to non-residents, firms, HUFs, companies, and seniors having business income, highlighting the specific conditions required to claim the exemption.
