Returning NRIs often misjudge residency rules and day counts. The key takeaway is to plan residency early to prevent worldwide taxation surprises.
The issue was whether foreign patent filing fees attract GST. The ruling confirms such payments are taxable as import of services under RCM.
The issue is rising enforcement through technology and law reforms. The takeaway is that taxpayers must adapt to stronger compliance tools.
The modernised PAN uses QR codes and unified platforms to streamline verification. It reduces delays, duplication, and reliance on physical documents.
The pact expands goods and services trade across a US$24 trillion market. It is expected to accelerate exports, support jobs, and attract fresh investment.
ITAT Mumbai held that goodwill arising from slump sale of a going concern is a depreciable intangible asset under section 32(1)(ii) for AY 2020-21, deleting disallowance.
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay tax again merely because the employer failed to deposit it. Recovery must be pursued only against the employer.
The ruling clarifies that limitation for appointing an arbitrator starts only when negotiations fail and arbitration is clearly invoked. Mere existence of disputes does not trigger limitation.
The court held that tax authorities cannot rely on earlier findings already set aside by appellate bodies. Each Section 197 application must be examined independently.
The issue is whether gold’s sharp rise is sudden or structural. The data shows a steady climb driven by global uncertainty, making gold a long-term safe-haven rather than a short-term spike.
