Explains the most common EWB errors and how they lead to Section 129 detention and penalties. Key takeaway: small documentation lapses turn into major compliance risks.
In India, ETFs have grown into one of the most powerful tools for traders who want diversification, liquidity, low cost, and transparency — all without the complications of managing multiple individual stocks or commodities.
Explains how auto-populated tax paid entries from earlier years distort the short/excess payment figure in Table 9. Highlights the need for clarification and interim reconciliation steps.
Breaks down preferential, undervalued, fraudulent, and extortionate transactions and the remedies available. Key takeaway: PUFE is essential for restoring value and protecting creditors.
Summarizes the major successes and persistent bottlenecks in India’s insolvency regime. Key takeaway: significant gains require targeted reforms in adjudication speed and digital infrastructure.
Explains how Section 37(1) restricts deductions to expenses exclusively for business and highlights gray-area items like home office use, meals, vehicles, and cash payments. Key takeaway: only well-documented, business-purpose expenses survive scrutiny.
The Court ruled that an unreasoned appellate order violates Section 107(12). It held that authorities must provide clear findings and reasoning when deciding GST appeals.
Explains how the DPDP Act affects everyday tax work, emphasising informed consent, data minimisation, and secure handling of financial documents.
The MCA has increased the financial limits for small companies, reducing compliance requirements while retaining key statutory obligations, enabling easier growth and operational focus.
The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related filings.
