Form 157 under the Income-tax Act, 2025 is not required for every person leaving India. The requirement applies only in limited cases involving tax investigations, financial irregularities, or large outstanding tax arrears.
Courts have held that distinct aspects of a single transaction may be taxed separately without creating constitutional conflict. The principle permits different legislatures to levy taxes on separate taxable elements of the same activity.
The Jharkhand High Court ordered an enquiry after finding that judicial inquiries mandated under Section 176(1-A) CrPC were not conducted in at least 262 custodial death cases. The Court held that executive inquiries could not substitute judicial inquiries in such matters.
This article explains the composition levy scheme under Section 10 of the CGST Act, including eligibility, tax rates, compliance obligations, and restrictions. It highlights why businesses must carefully evaluate ITC loss, RCM costs, and customer profile before choosing the scheme.
This article explains how provisions of the Income Tax Act, GAAR, and the Benami law are used to tackle shell companies, unexplained cash credits, and money laundering operations in India.
This guide explains all major MSME subsidy schemes running in Uttar Pradesh in 2026, including capital subsidies, interest benefits, ODOP support, PMEGP, and export incentives for entrepreneurs and small businesses.
The Supreme Court expressed serious reservations about earlier rulings denying bail in UAPA cases, holding that smaller benches cannot dilute binding larger bench precedents. The Court reaffirmed that prolonged incarceration and delayed trials justify bail under Article 21.
The article explains how GST composition scheme, exemption rules, and time of supply provisions work in practice. It highlights common compliance mistakes that often lead to GST notices and interest demands.
The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. However, businesses may face higher compliance costs, vendor dependency, and litigation risks due to increased procedural requirements.
The updated ITR-1 form for AY 2026-27 expands eligibility to taxpayers with up to two house properties and limited equity LTCG reporting. The guide explains the revised rules, filing steps, and key precautions for smooth return filing.
