"Ishtmeet Kaur is a second year law student at Rajiv Gandhi National University of Law, who is passionate about Direct Taxation, GST, Contract Law and Companies Act. She is constantly seeking to expand her knowledge and skills in these areas of interest. She has experience of drafting written submissions for CIT, ITAT appeals and counter-affidavits in High Court on matters involving Income Tax Act, copyright and Indirect taxation."
The article explains how the Finance Act, 2026 replaced the deemed dividend framework with capital gains taxation. The change allows taxation of actual gains rather than the entire buyback consideration.
The Bombay High Court has stayed GST levy on corporate guarantees, challenging supply of services classification. This raises legal dilemmas, impacting businesses and tax implications.
Learn about GST registration cancellation rules and valid Show-Cause Notices. Understand taxpayer rights, key parameters, and legal safeguards against arbitrary actions.
