Selecting the incorrect ITR form may lead to defective returns, revision requirements, and tax notices. Taxpayers should verify the correct form based on income type before filing.
The government has notified the Principal Bench of GSTAT as the National Appellate Authority for resolving conflicting state advance rulings. The update streamlines dispute resolution under Section 101A with retrospective effect from 1 April 2026.
A Constitution Bench held that courts can modify arbitral awards in limited situations such as correcting manifest errors and severable portions of awards. The ruling recognised an implied power under Section 34 of the Arbitration Act.
The compliance tracker lists major due dates for TDS, advance tax, GST returns, QRMP filings, and other statutory obligations for June 2026. It provides timelines for taxpayers, ISDs, e-commerce operators, and business trusts.
The Allahabad High Court held that mere uploading of an adjudication order on the GST portal does not automatically trigger limitation for filing appeals. Actual or legally recognized communication is necessary before limitation can commence.
The article analyses how cryptocurrencies function through decentralized blockchain systems and examines the risks arising from limited regulation in India. It also explains taxation provisions applicable to Virtual Digital Assets.
The guide explains that many income tax notices are generated automatically due to mismatches, filing errors, or compliance verification. It highlights the importance of understanding the notice type and responding correctly through the e-filing portal.
The growing dispute over denial of Input Tax Credit due to supplier non-payment of tax has now reached the Supreme Court. The issue centres on whether bona fide buyers can lose ITC despite genuine purchases and proper documentation.
Filing Income Tax Returns before AIS, TIS, and Form 26AS are fully updated can lead to mismatches, defective returns, and delayed refunds. The article explains why proper reconciliation before filing is essential.
Indian families holding US stocks, ESOPs, and RSUs may face a 40% US estate tax on succession beyond the limited exemption available to non-resident aliens. The article explains why proactive planning is essential to avoid large inheritance tax exposure and FEMA complications.
