This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The key takeaway is that both cash and non-cash employment benefits are comprehensively covered.
eBRC Generation on DGFT Portal – Detailed Process, Advisory References, Service Exports Clarification & Professional Guide Regulatory Background and Advisory Framework The Electronic Bank Realisation Certificate (eBRC) is a key compliance document evidencing foreign exchange realisation against exports. It is relied upon for: Benefits under the Foreign Trade Policy (FTP) GST refunds (IGST refunds, LUT […]
Using Instagram’s free music in business promotions is treated as commercial use. The key takeaway is that companies must obtain licences to avoid copyright infringement.
This piece highlights essential financial, compliance, and control practices for small businesses. The key takeaway is that early discipline creates a strong foundation for sustainable growth and scalability.
This article examines how GST enforcement shifts the burden of supplier failures onto bona fide buyers. The key takeaway is that courts consistently hold recovery must be made from defaulting suppliers, not compliant recipients.
GST law continues to deny ITC on buildings and civil structures used in manufacturing. This significantly increases capital costs despite their essential role in business operations.
The law mandates successor entities to file modified returns within six months of a reorganisation order. This ensures tax assessments align strictly with approved merger or demerger schemes.
Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and pursuing the appropriate statutory remedy.
GST law bars returns after three years, but an approval-based unbarring facility offers limited relief. Filing is possible only with officer approval and strict timelines.
The GST portal now adjusts interest using minimum cash ledger balance during delays. Taxpayers must still verify and self-compute the final interest liability.
