Detailed summary on salary, allowances, perquisites, pension, gratuity, HRA, standard deduction, and related tax exemptions under the Income-tax Act with reference to key provisions and CBDT notifications.
SEBI faces hurdles in regulating financial influencers (finfluencers) with new rules curbing association with registered firms. Challenges include enforcement, ambiguity, and monitoring.
Author note I was working on tax audit’s of one of my client’s, after submitting the report management wanted to make changes in few estimates, It was my first time, hence thought to discuss my research with everyone Introduction We all know that tax audit is one of the important compliances under the Income-tax Act, […]
CBIC’s FY 2024-25 updates tighten ITC reporting and auto-population in GSTR-9/9C. Learn who must file, due dates, and expert reconciliation tips to avoid penalties.
The new Simplified GST Registration under GST 2.0, effective 1 November 2025, stems from repeated High Court interventions over delays and arbitrary rejections.
Experts warn that inflexible provisions, unclear thresholds and procedural traps in new Simplified GST Scheme could trigger widespread legal disputes and taxpayer hardship.
Businesses with monthly B2B output tax liability below ₹2.5 lakh can now benefit from instant approval within three days under the Simplified GST Registration Scheme starting November 2025.
Supreme Court ruled police cannot summon advocates regarding client criminal matters, upholding attorney-client privilege under Section 132 (BSA). Prior SP approval is now mandatory.
Delhi HC reviews CBDT’s decision to exclude Transfer Pricing (TP) cases from the extended ITR deadline, an unprecedented departure from past practice. The case addresses the arbitrary denial of relief to TP-only assessees, raising concerns over administrative fairness and compliance consistency.
India introduces GST 2.0 effective Sept 22, 2025, simplifying tax slabs to 5%, 18%, and 40%, merging cess, revising exemptions, and updating rates for goods, services, and renewable energy equipment
