A summary of 118 legal precedents relevant to business and professional income, covering topics from depreciation and capital gains to deductible expenses and capital receipts.
A guide to available income tax deductions for AY 2025-26 under various default tax regimes (115BAA, 115BAB, 115BAC, 115BAD, 115BAE) for different taxpayer types.
An analysis of Section 115BBE of the Income Tax Act, which imposes a high flat tax on unexplained income, and its potential conflicts with constitutional rights related to equality, trade, and retrospective penalties.
A summary of key ITR-6 changes for the Assessment Year 2025-26, including new rules for capital gains, ESG disclosures, and presumptive taxation for shipping companies.
The Supreme Court has ruled that provisional attachments under Section 83 of the CGST Act cannot be renewed after one year, preventing indefinite freezing of bank accounts.
Understand the Supreme Court’s guidelines on dual investigations by Central and State GST authorities, clarifying that a summons is not a formal initiation of proceedings.
Learn about the various types of GST fraud in India, including fake invoicing and ITC fraud, and the government’s use of AI, data analytics, and strict enforcement to combat them.
Understand when your salary becomes taxable in India. Learn the due or receipt rule, what counts as salary, and how to calculate your taxable income.
An overview of the new Income Tax Bill 2025, detailing the new and old tax regimes, their respective tax slabs, and rebate provisions for various income groups and citizen categories.
A comprehensive guide to the LLP strike-off process in India. Learn about the legal framework, recent updates, and the step-by-step procedure for dissolving a dormant LLP.
