The Indian government’s recent move to levy a 28% Goods and Services Tax (GST) on the full value of turnover in online gaming has stirred significant debate. The Group of Ministers (GoM) has recommended that this tax be imposed on the entire consideration received by the online gaming platforms, including both the platform fee and the prize pool contributed by players.
India’s Income Tax Bill 2025 classifies Virtual Digital Assets (VDAs) and cryptocurrencies for taxation at 30%. It simplifies tax laws and aims for financial transparency.
The Supreme Court ruled that bail, once granted, cannot be canceled mechanically. Supervening circumstances are essential for bail revocation.
Introduction The intricate framework of Goods and Services Tax (GST) in India, while revolutionary in its approach to indirect taxation, presents significant compliance challenges for taxpayers across all sectors. The complexity of the system, coupled with stringent filing requirements and procedural intricacies, inevitably leads to human errors in tax compliance. These errors, ranging from minor […]
Concept of Minimum Alternate Tax (MAT) was formally introduced in Section 115JA of the Income Tax Act. It evolved over time, becoming more refined and structured.
Transform your CA practice from compliance to value creation. Learn how to become a trusted advisor, interpret future trends, and build lasting client legacies.
Chennai CESTAT rules bar licence/permit fees collected by Tamil Nadu State Marketing Corporation Ltd. are not liable for service tax from March 29, 2013, as they constitute statutory functions.
Understand cryptocurrency taxation in India, including the 30% VDA tax, 1% TDS, and acquisition methods, as per evolving government regulations.
Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
Anthropic CEO warns AI could displace half of entry-level white-collar jobs. Learn about the potential economic impact and proposed solutions for workforce adaptation.
