Comprehensive guide to U.S. itemized deductions for 2026, covering Schedule A, SALT limits, medical expenses, interest, charity, and 1040-NR rules.
Perhaps Union Budget 2026 is being presented at a time when not only the domestic economy, but the entire global economy, is navigating one of the most critical and challenging phases in the history of human civilization.
CA Lakshman Kumar Kadali CA Akash Heda Introduction: Recently, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 254/11/2025-GST dated 27/10/2025 appointing the proper officers under Section 122, 74A, 75(2) of CGST Act, 2017 and Rule 142(1A) of CGST Rules, 2017. The circular has expressly stated that no proper officer has […]
The issue examines how presumptive taxation is consolidated under Section 58. The key takeaway is that structural simplicity masks stricter eligibility and compliance rules.
The issue concerns prolonged rectification and recovery pressures. The proposal seeks strict timelines, deemed approvals, and automatic stay of demands.
The issue was misuse of arrest powers against genuine buyers. Courts have held that coercive arrests for supplier defaults violate due process and must be restrained.
The issue was whether GST applies on amounts deducted as “royalty” from contractors’ bills. It was held that such deductions do not constitute taxable supply and cannot attract GST.
This explains how Company Secretaries ensure legal, governance, and compliance preparedness before listing. The key takeaway is that IPO success depends as much on governance as on financials.
The article explains how AIS-based data matching is triggering tax notices despite Form 26AS matching. The key takeaway is that AIS now drives scrutiny and compliance.
Accepting Bitcoin can streamline payments, but Indian law imposes a flat 30% tax on VDA income and 1% TDS on transfers. Businesses must adopt strict valuation, accounting, and reporting systems to remain compliant.
