The guide explains that construction involving goods and labour is treated as works contract service under GST. Taxability depends on the nature of work, recipient, and applicable rate or exemption.
Advertising payments on Google Ads attract 2% TDS under Section 194C of the Income Tax Act. Businesses must deposit the tax separately and can recover the amount as ad credits after submitting Form 16A.
The High Court held that GST authorities cannot issue a single show cause notice for multiple financial years under Section 74 of the CGST Act. The ruling emphasizes that tax liability and limitation must be determined year-wise.
High Courts held that undervaluation disputes must be examined through assessment proceedings under Sections 73 or 74. Detention during transit is not justified if proper documents accompany the goods.
FEMA strictly requires that overseas property purchases by resident Indians be self-funded. Borrowing abroad or using informal arrangements can lead to regulatory violations and penalties.
Entry-level salaries in Big Four firms differ significantly between audit and advisory roles. Advisory positions generally offer higher starting pay and faster growth, while audit provides steady career progression
The High Court held that imposing a large penalty for an expired E-way bill was unjustified when the goods were meant for export. Since exports are zero-rated and no tax was payable, the penalty order was set aside.
Explains how India’s Battery Waste Management Rules place Extended Producer Responsibility on manufacturers and importers to ensure collection, recycling, and safe disposal of battery waste.
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section 220(6), offering relief to taxpayers disputing assessments.
ESOPs are taxed twice under Indian tax law—first as salary at the time of exercise and later as capital gains when shares are sold. Understanding these stages helps employees plan their taxes.
