The issue was whether refunds can be averaged across months. The key takeaway is that IDS refunds are strictly tax-period specific under GST law.
This explains why many crypto exchanges stall despite securing licenses. The key takeaway is that execution after approval matters more than licensing itself.
This examines why deductions under section 80GGC are being questioned in assessments. The key takeaway is that compliance with statutory conditions and procedural safeguards protects genuine claims.
This explains how an HUF is recognised as a separate taxable entity and how it is taxed. The key takeaway is that HUF remains a lawful and effective tax planning structure when used correctly.
This explains how SWPs create regular income while keeping capital invested. It highlights why calculators help structure assumptions around withdrawals and tenure.
The case analysis explores whether India’s anti-money laundering framework is effective despite comprehensive legislation. Courts have adopted a tougher stance, but enforcement gaps and evolving methods dilute deterrence. The key takeaway is the need for stronger implementation and regulatory coordination.
Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April 2026.
The Supreme Court held that capital gains from indirect transfers deriving value from Indian assets were taxable in India. The key takeaway is that treaty protection cannot shield arrangements lacking real commercial substance.
Clarifies the fast-track GST registration process under Rule 14A. The key takeaway is approval within three working days for eligible, low-risk applicants—not a guaranteed same-day right.
At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and individual deductions. Even after marriage, there is no fundamental change in this structure. Husband and wife are treated as separate taxpayers, required to file their income tax returns independently and pay […]
