The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and targeted reliefs.
The new labour codes unify wages, industrial relations, social security, and workplace safety laws, making compliance simpler and protections broader for all workers.
The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and formulas. It delivers easier compliance without altering core tax principles.
SC ruled a bona fide buyer cannot be denied ITC under DVAT Act if seller defaults on depositing tax. The remedy is against defaulting seller, protecting compliant taxpayers.
The 56th GST Council introduces major reforms, including rate changes, a GSTAT rollout, and new refund rules, impacting businesses and consumers nationwide.
Understand taxation of partnership firms in India, covering firm-level tax, partner remuneration, capital contributions and tax implications during reconstitution or dissolution under Income Tax Act, 1961.
CBDT has notified revised ITR forms for Assessment Year (AY) 2025-26, introducing a series of notable changes aimed at improving accuracy, transparency and granularity of income reporting across various taxpayer categories.
Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
Income Tax Act, 1961, has undergone continuous reforms over the years to enhance clarity, efficiency, and taxpayer compliance. Despite these efforts, ambiguities in certain provisions have often led to misuse such as wrongful claims of deductions, underreporting of income, or complete non-disclosure.
Understand key company compliance requirements in India under the Companies Act, 2013, covering ROC filings, director disclosures, and obligations under other relevant laws.