The law permits taxpayers to adopt the stamp duty value on the agreement date instead of the registration date where prescribed conditions are satisfied. This relief helps prevent unfair tax additions arising solely from a later increase in circle rates.
Many taxpayers assume that income up to Rs. 12 lakh is completely tax-free under the new regime. The key takeaway is that Section 87A provides a rebate, not an exemption, and tax may still arise on special-rate income.
LMPC Registration is mandatory for manufacturers, packers, and importers of pre-packaged commodities. The key takeaway is that registration and ongoing labeling compliance are essential to avoid penalties and business disruptions.
GST disputes often begin with scrutiny notices rather than investigations. A structured response at every stage can help taxpayers avoid costly demands, penalties, and litigation.
GSTN has introduced important changes to strengthen tracking and transparency in goods movement. Businesses must understand the new requirements to avoid compliance risks and penalties.
GSTN has announced mandatory Ship-To GSTIN reporting and a new E-Way Bill closure facility. Businesses must update systems and processes to comply with the enhanced requirements.
The rise of GDPR, CCPA, and India’s DPDP Act is opening significant opportunities for Chartered Accountants. The key takeaway is that privacy compliance is emerging as a major advisory and assurance practice area.
Many taxpayers unknowingly omit income or financial transactions while filing returns. The key takeaway is that incomplete reporting can result in additional tax, interest, delayed refunds, and compliance costs.
Section 65 empowers GST authorities to conduct audits of registered taxpayers based on risk and compliance parameters. Understanding audit procedures, timelines, and taxpayer rights can help avoid disputes and unnecessary litigation.
The document compiles 85 recent developments across financial regulation, anti-corruption enforcement, corporate investigations, anti-smuggling actions, and national security probes. It highlights increasing scrutiny, regulatory reforms, and inter-agency coordination.
