CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...
Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...
Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...
Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...
Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...
Income Tax : ITAT Mumbai quashed reassessment after finding no Section 143(2) notice and that the AO issued a final order disguised as a draft ...
Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...
Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...
Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Political parties must maintain detailed records of donors for large contributions. Lack of proper documentation can lead to denial of exemption. The key takeaway is enhanced accountability in political funding.
The issue relates to consequences of delayed return filing. Benefits such as deductions and loss carry forward are denied if returns are not filed on time. The ruling highlights strict adherence to due dates.
The issue concerns replacement of Form 3CEB with a new reporting framework. The reform mandates structured reporting with enhanced disclosures and digital integration for transfer pricing compliance.
The new law removes the minimum threshold for TDS on crypto transactions, making even small trades taxable. The key takeaway is stricter compliance with full transaction-level tracking.
The new tax regime introduces a dual-track system from April 2026. Taxpayers must manage compliance under both old and new laws simultaneously.
The new Act reorganises sections, rules, and forms without changing core transfer pricing principles. Taxpayers must adapt to updated references while continuing existing compliance practices.
The case highlights how expanded benami provisions expose informal family arrangements to confiscation and penalties. Courts stress strict compliance and genuine ownership proof to avoid adverse action.
The issue concerns mandatory reporting of specified financial transactions under tax law. The key takeaway is that entities must report high-value transactions within prescribed timelines or face penalties.
The framework requires taxpayers to withdraw all pending appeals and proceedings. It establishes that dispute resolution is conditional upon irrevocable withdrawal and waiver of rights.
The issue concerns applicability of tax audit based on turnover thresholds. The ruling highlights that exceeding prescribed limits mandates audit compliance under Section 44AB.
