Explains when home-loan interest can be added to the cost of acquisition and how the AY 2024-25 amendment blocks double benefits. Key takeaway: unclaimed pre-construction interest may still matter for earlier years.
Explains why massive penalties were introduced under the new data protection law and highlights the compliance duties, rights, and enforcement framework that organisations must follow.
Explore how the 2025 Labour Codes impact payroll, social security, and contract labour. Understand employer obligations and practical steps to avoid penalties.
Author note I was working on tax audit’s of one of my client’s, after submitting the report management wanted to make changes in few estimates, It was my first time, hence thought to discuss my research with everyone Introduction We all know that tax audit is one of the important compliances under the Income-tax Act, […]
Understand how Section 54/54F applies to long-term capital gains when demolishing and reconstructing a house, with key rulings and compliance tips.
Learn about the common challenges faced during GST registration in India, including documentation issues, portal glitches, and officer discretion. Discover practical solutions and legal insights to navigate the process effectively.
Service providers may claim GST IDS refunds, but only on input goods, not input services. Supreme Court rulings and 2022 rule changes define the limits.
Learn about the scope of GST on commission income. Understand the invoice test, registration thresholds, and key rulings that clarify tax liability for agents.
ITAT Bangalore held that capital gains from land gifted to spouse are taxable in the husband’s hands under Section 64(1)(iv), not in the wife’s.
Explore the legal and financial distinctions between a Sole Proprietorship and a One Person Company (OPC), including liability, taxation, and legal status.
