The article explains the complete evolution of buyback taxation in India, highlighting how tax liability shifted between companies and shareholders across different legislative phases.
The article examines the proposed auditor cooling-off framework and the growing concerns within the auditing profession. It highlights the tension between strengthening auditor independence and preserving long-term professional continuity and audit effectiveness.
The article explains how simplifying GST laws, rationalising returns, and improving the GST portal can significantly reduce compliance burdens for businesses and professionals.
The article highlights how companies completed PAS-3 filings but failed to maintain critical Right Issue documentation such as offer letters, acceptance forms, and renunciation records. It explains why proper documentary evidence is essential for Companies Act compliance.
The CBI arrested a CGST Superintendent and Inspector after allegations that they demanded bribes to resolve an Input Tax Credit mismatch and threatened GST registration blockage.
GST Refund Annexure-B Utility: Key Challenges, GSTR-2B Validation Rules, and Legal Safeguards Explained for Exporters and Tax Professionals.
Explore how AI is reshaping GST practice in 2026 through automation, GenAI, RAG tools and compliance workflows, while managing confidentiality and hallucination risks.
The article explains the major reasons behind the weakening rupee, including rising dollar demand, foreign investment outflows, and import dependence. It also highlights how currency depreciation affects inflation, imports, exports, businesses, and household expenses in India.
Section 265 of the Income Tax Act, 2025 specifies who can legally verify an income tax return for different assessees. Incorrect verification may result in the return being treated as invalid, affecting refunds and carry-forward losses.
DGFT has automatically extended the Export Obligation period up to 31 August 2026 for eligible EPCG and Advance Authorisation holders. The relaxation eliminates the need for separate applications, amendments, or composition fees amid geopolitical and logistics disruptions.
