Understand the rules for interest on late TCS collection under Section 206C of the Income Tax Act, including the 1% monthly rate, calculation period, and non-deductibility of interest.
A summary of the changes to the ITR-3 form for AY 2025-2026, including new rules for capital gains, share buybacks, and crypto reporting. This guide covers how to file and avoid common errors.
ITAT Ahmedabad deletes ₹8 Cr addition u/s 68, holding firm provided sufficient evidence; partner’s non-response to notice u/s 133(6) not held against assessee.
This article provides a summary of crypto taxation in India, covering the 30% income tax on gains, 1% TDS, and 18% GST on platform services.
The Goods and Services Tax Appellate Tribunal (GSTAT) has established dress codes for authorized representatives, parties, and members to standardize court proceedings.
Madras High Court rules that dismissing a rectification application under the TNGST Act does not require a personal hearing, as it’s not considered an adverse rectification.
Learn how to report tax regime changes in ITR-3 for AY 2025–26 using Form 10-IEA. Includes rules, filing steps, and common taxpayer scenarios.
The Delhi ITAT has restored tax exemptions for Educate India Society, ruling that higher interest payments to related parties were a commercial necessity and not an undue benefit.
Learn about the requirements for filing an income tax return in India. This summary outlines filing deadlines, taxable income limits, and special conditions.
A summary of the Companies Act, 2013 provisions on dividend declaration, including sources of funds, rules for inadequate profits, and payment procedures.
