Learn about the process of rectifying income tax return errors under Section 154. This includes what qualifies as a “mistake apparent from the record” and the relevant timelines.
Learn about filing a revised income tax return under Section 139(5) to correct mistakes. Understand the deadlines, scope of revisions, and legal implications.
A summary of the GST Council’s 56th meeting recommendations. The new reforms simplify tax slabs, and reduce rates on essential goods, and healthcare services.
Learn about the GST rate changes on passenger bus services and motor vehicle rentals, effective from September 22, 2025. Understand the new dual-rate structure.
A Delhi GST alert circular reveals a Rs.6 crore Input Tax Credit fraud by a non-existent entity, detailing the scheme and mandated recovery actions.
Charitable trusts must renew Section 12AB registration via Form 10AB. A new law grants a 10-year validity if income is under ₹5 crore for the two preceding years.
Delhi GST Dept exposes ₹30 Cr fake ITC via non-existent firms. Circular mandates recovery, ITC reversal & cross-jurisdiction enforcement.
Learn whether PMS fees can be deducted from capital gains under Section 48 of the Income-tax Act, 1961. This article explains the conflicting judicial views and the required documentation.
Learn how to handle TDS on a minor’s income. This guide explains income clubbing, how to claim TDS credit, and the steps to correct TDS deductions made on a minor’s PAN.
Learn about new business codes (21009, 21010, 21011) for share trading. Understand which ITR form to use and the applicability of Section 44AD for various trading activities.
