New Income Tax Act, effective April 2026, simplifies law by reducing sections and introducing Tax Year. It features higher tax rebates, eliminates notional rent tax on two houses, and clarifies VDA taxation at a flat 30%.
Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT appeals.
DPIIT’s guidelines define a startup (max 10 yrs, Rs.100 Cr turnover) and outline benefits like a 3-year tax holiday (80-IAC), capital gain exemptions, and self-certification compliance.
Madras High Court rules GST appeal begins upon communication of order, not mere uploading to the portal, distinguishing served from communicated.
Official board resolution for appointing Company Secretary under Sections 2(24) and 203 of Companies Act, 2013, outlining duties and authorizing a director to file necessary forms.
Understand how employers calculate the average rate of TDS on salary under Section 392 of the Income-tax Act, 2025, for both Old and New Tax Regimes, including mandatory revisions.
Section 56 of the CGST Act grants an automatic right to 6% interest on GST refunds delayed over 60 days from the original application date. Learn how courts enforce this compensatory right.
Delhi’s 2025 circular mandates a 0.1% stamp duty rate on share issuance (physical/demat), overriding central 0.005% for demat, resolving dual-rate confusion.
Uttarakhand’s Mega Policy 2025 targets large manufacturing with capital subsidies (up to 20%), stamp duty reimbursement, and a Hill Incentive to drive major investment.
Madras HC ruled that only qualified Advocates, CAs, and GSTPs can represent taxpayers, reinforcing Section 116 of the CGST Act and warning against unauthorized representation.
