Explains new UAE corporate tax guidance on family foundations, transparency rules, investment activity limits and compliance duties.
Budget 2026 introduces electronic system for lower or nil TDS certificates from 1 April 2026, impacting cash flow, MSMEs and compliance duties.
The article analyses the evolution of taxation from a revenue-raising mechanism to a tool of behavioural influence and examines when fiscal nudging may become coercive. Drawing on Pigouvian economics and behavioural theory, it explains how governments increasingly use taxes to alter consumption patterns, including higher taxes on tobacco, carbon pricing, sugar levies, and luxury goods.
GST Portal enables Rule 14A withdrawal option after GSTR-1 blocking under 3-day registration rule. Taxpayers can now initiate corrective action online.
Blocking of ITC Due to “Non-Genuine” Suppliers – Practical Challenges, Administrative Concerns & Need for Procedural Fairness The GST regime was conceptualised on the promise of seamless flow of input tax credit (ITC). Section 16 of the CGST Act lays down clear conditions for availing credit. However, in practice, a significant number of genuine taxpayers—particularly […]
Sections 4, 5, and 14, together provides the legislative framework for imposing the income tax, identifying the extent of taxable income, and categorizing income into various heads for computational purpose, all these provisions provide the basis of this Act’s tax system
Section 74A replaces Sections 73 and 74 to create a single demand mechanism from FY 2024–25. It covers both fraud and non-fraud cases with revised timelines and penalty relief.
The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY 2026–27.
Section 75 strictly regulates GST adjudication, ensuring orders stay within SCN scope and follow natural justice. Courts have reinforced that excess demand or procedural shortcuts are invalid.
India’s farm incomes show growth but remain uneven due to rising costs and climate risks. Sustainable gains depend on diversification, infrastructure, and technology adoption.
