"I have strong practical exposure in Indian taxation, GST compliance, TDS, and financial reporting. I specialize in simplifying complex tax provisions into practical insights for businesses and professionals. Through my articles, I aim to provide clear, actionable guidance on evolving tax laws, compliance requirements, and audit practices. I also assist clients with GST filings, TDS compliance, reconciliations, and audit support. For professional assistance or consultation, feel free to connect with me. At present, I am working as an Audit & Finance Associate at a Chartered Accountant firm in Bangalore. "
The Court held that once a GST assessment order attains finality, recovery under Section 79 can proceed without issuing prior notice to the taxpayer. It clarified that recovery actions can directly target bank accounts when dues remain unpaid. T
The issue was whether ITC is available on GST paid for leasehold rights used to build a plant. The ruling held ITC is blocked as the expense is linked to construction of immovable property, with capitalisation being the key factor.
The Court held that indirect share transfers deriving value from Indian assets are taxable. Treaty benefits were denied due to tax avoidance structure.
The law consolidates earlier TCS provisions under a new section without changing rates. The key takeaway is the need to update compliance references from April 2026.
The depreciation provisions applicable from Tax Year 2026-27 have undergone a significant structural change. With the enactment of the new Income-tax Act, 2025, all depreciation provisions previously governed under Section 32 of the Income-tax Act, 1961 have been consolidated and re-enacted under Section 34 of the new Act. The rates, however, remain largely unchanged, ensuring […]
The new law restructures TDS provisions with new section numbers and codes. Businesses must update systems despite no change in rates or thresholds.
The new Form 26 replaces multiple audit forms with a single structured framework. It enhances transparency and introduces system-driven verification. The key takeaway is simplified yet stricter tax audit compliance.
Tax-loss harvesting helps investors offset losses against gains to reduce tax liability. The key takeaway is that strategic timing of loss utilisation can significantly enhance long-term tax savings.
Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act of 1961 with the new Income-tax Act, 2025. This marks a major overhaul of the country’s income tax framework. In addition, the Union Budget 2026, presented by FM Nirmala Sitharaman on February 1, 2025, introduced several tax-related measures impacting […]
