Taxpayers who discharge missed GST liabilities through DRC-03 using ITC for supplies already reported in GSTR-1 are not liable for interest under Section 50(1).
The SC invalidated 50-year age and 25-year practice requirements for advocates and CAs, reaffirming merit-based eligibility and protecting tribunal efficiency.
ITAT emphasised that valuation must reflect circumstances on the transaction date. AO cannot use hindsight or later valuations to make additions under Section 50CA.
Check the essential documents required to apply for a mortgage loan in India. Ensure faster approval, smooth verification, and better loan terms.
Explains how electronic notices alone are insufficient for taxpayers lacking digital access, with courts holding such service ineffective under natural justice principles.
Explores the 11% drop in outward remittances and how revised TCS rates triggered a liquidity crunch. Key takeaway: discretionary spending fell, while education remained resilient.
Breaks down the unchanged VDA tax structure, including 30% gains tax and 1% TDS. Key takeaway: strict compliance and accurate reporting remain essential.
This title highlights that the correct tax regime depends on your real deductions, not assumptions. The comparison shows how your financial profile—not salary—determines which option saves more tax.
Several economic factors are driving the rupee’s rapid depreciation, with both domestic and international pressures contributing to the currency’s downfall. Foreign Institutional Investor (FII) outflows have been a significant factor, with over $3.8 billion leaving Indian markets in October 2025. T
Indigenous rights have evolved from paternalistic protection to recognition of autonomy, cultural preservation, and environmental stewardship. Implementation gaps remain, highlighting the need for stronger enforcement.
