The new tax regime, introduced to simplify taxation with lower rates, comes with a trade-off: fewer deductions. However, for FY 2025-26, there are some significant updates that make it even more appealing for many taxpayers.
Understand preferential issue rules under the Companies Act and SEBI ICDR Regulations, covering definitions, eligibility, pricing, disclosures, and allotment procedures for listed entities.
Diagnostic services by clinical establishments remain exempt from GST. Know scope, compliance, and key circulars defining healthcare service exemptions.
Analysis of the New Income Tax Act 2025 highlights omissions: problematic TDS on partner income, retention of harsh assessment clauses, and lack of clarity on grievance and appeal timelines.
Rule 86B imposes restrictions on the use of the Input Tax Credit (ITC) for discharging GST liability. It mandates that taxpayers must use a minimum of 1% of their tax liability to be paid in cash, irrespective of the ITC balance available in their electronic credit ledger. This rule was introduced to curb fraudulent activities.
Explore key regulations for importing goods and services into India under FEMA 1999 and RBI guidelines, covering payment terms, compliance, and roles of banks and importers.
Explore private trusts under the Income Tax Act, 1961, including definite and discretionary types, their taxation, and key exceptions to tax rates.
Supreme Court rules criminal complaints can be amended post-cognizance if evidence is incomplete and no prejudice occurs, overturning a High Court decision.
Voluntary winding up of LLP, as the name suggests, is initiated by the partners themselves, not by a court or creditors. This gives you more control over the process, allowing for a smoother, more amicable dissolution.
Explore coaching classes as a career, driven by demand for skilled professionals. Learn how educators contribute to student success, industry needs, and leverage technology for flexible learning.
