Article explains five common compliance mistakes after the 22 September 2025 GST rate changes, covering rates, ITC, transition stock, IMS and GSTR-1A amendments.
Article examines whether Section 10(10D) exempts the entire life insurance maturity amount or only the income component, referring to CBDT Circular No. 7/2003 and Rule 11UACA.
Reduce family medical expenses with preventive healthcare, smart budgeting, organised medical records and flexible TATA AIG health insurance for better financial security.
AMFI’s Budget 2026–27 proposals seek mutual fund tax reforms, compliance simplification, tax neutrality and rationalisation of key Income-tax provisions.
NCLT Kolkata held excessive GST compliance fees for Nil GST returns during CIRP were unreasonable and dismissed the claim for unpaid CIRP costs.
ITAT Delhi quashed Section 153C assessments, holding the block period must be reckoned from the satisfaction note date and completed assessments need incriminating material.
ITAT Delhi quashed Section 153C assessments as the 20.10.2021 satisfaction note placed the deemed search date after 1 April 2021.
Madras HC remanded Section 80-HHC and Section 80-IB deduction computation to the Assessing Officer in line with the Supreme Court’s interpretation of Section 80-IA(9).
Madras HC remanded the Section 80-IA and 80-HHC computation issue and held DEPB and duty drawback are not eligible for Section 80-IB deduction.
ITAT Lucknow annulled Section 147 reassessment holding that cash deposits were examined in the original assessment and reopening amounted to a change of opinion.
