Supreme Court mandates strict action against illegal constructions, rejecting regularization pleas to uphold the rule of law and deter violations. Demolition affirmed.
Ambiguities in new GST law for Input Service Distributors, including RCM credit and distribution process, create uncertainty for businesses.
As per section 194IA of income tax Act, if immovable property, other than agricultural land, is transferred tax (TDS) will be deducted @1% if sale consideration or stamp duty value is more than ₹50L.
Explore implications of unpaid basic tax under GST amnesty schemes. Learn how void orders may affect deemed approvals and eligibility under Rule 164(16) and (17)
In this article I will present my detailed analytical view of revised Format for Financial Statements by ICAI on non corporate entities, based on the ICAI’s guidance note.
Compare India’s old and new tax regimes for FY 2025-26. Find the break-even point based on deductions to choose the best option.
Understand Startup India registration: eligibility criteria, key tax and compliance benefits, required documents, and the simple online application process via the NSWS portal.
Mumbai ITAT rules on quality of tax approvals after search, interpreting undefined terms by analogy, and the principle of subordinate authorities following precedent.
Understand the difference between GST Rule 40(2) and Rule 44(6) for tax on capital goods sale where ITC was claimed, focusing on ITC calculation methods.
To facilitate ease of fundraising and to promote entrepreneurship, the Government has introduced specific exemptions for DPIIT-recognised startups from the rigors of Section 56(2) (viib). This article explains the significance of this exemption and why it is crucial for startups in India.
