Ensure compliance with GST for March 2025. Includes reconciliations, ITC claims, LUT filing, e-invoicing requirements, and key deadlines for businesses.
Introduction Tax Deducted at Source (TDS) is a crucial mechanism for collecting taxes at the point of income generation. The Indian government frequently revises TDS provisions to streamline tax collection, increase compliance, and reduce the tax burden on individuals and businesses. This article highlights the latest updates in TDS for 2025, including revised threshold limits, […]
Supreme Court clarifies the applicability of TOLA to reassessment notices under the Income Tax Act, addressing the interplay with Finance Act, 2021.
Penny stocks, often associated with small, illiquid companies, have been a subject of concern due to their susceptibility to price manipulation. The Income tax Act, 1961, contains provisions such as Section 68 (Unexplained Cash Credits) and Section 10(38) (Exemption on Long Term Capital Gains LTCG) to prevent tax evasion through sham transactions involving these stocks.
Section 87A tax rebate on STCG led to disputes after ITD software changes. Bombay HC & CIT(A) rulings clarify eligibility. Learn about legal and tax implications.
Learn the detailed process for registering a political party with the Election Commission of India, including required documents, fees, and submission guidelines.
Supreme Court & Bombay HC uphold GST error rectification rights, ensuring ITC claims for bonafide buyers despite supplier errors, fostering fair taxation practices.
Learn about Input Service Distributor (ISD) in GST, its implementation, practical procedures, benefits, drawbacks, and compliance challenges.
Learn about Section 87A rebate applicability on short-term capital gains under the new tax regime for FY 2023-25. Explore legal challenges and taxpayer implications.
The arrest of advocate Zafar Ali highlights the urgent need for the Advocate Protection Act to safeguard legal professionals against unwarranted actions and ensure justice.
