The article highlights that taxpayers seeking carry-forward of business or capital losses must file returns within the due date under Section 139(1). Failure to file on time may result in loss of carry-forward benefits.
Alternative Investment Funds provide access to private equity, startups, infrastructure, and high-growth investment opportunities beyond traditional instruments. This guide explains how AIFs work and who should invest in them.
This article explains the tax treatment of partner remuneration and interest for Partnership Firms and LLPs under Section 35(e). It covers allowable limits, working partner conditions, deed requirements, and common compliance mistakes.
The Income Tax Department has launched Form No. 188 for online approval of Gratuity and Superannuation Funds from Tax Year 2026-27. The new system replaces the earlier text-based filing process with a fully digital procedure through the e-Filing portal.
This article explains how Safe Harbour Rules under the Income-tax Act, 2025 interact with APAs, MAP provisions, and transfer pricing assessments. It highlights compliance obligations, MAP forfeiture risks, and transaction-specific protection from TPO scrutiny.
ITAT Bangalore restored the Section 54F claim after noting that medical issues and portal difficulties prevented timely filing of evidence. The AO was directed to re-examine all supporting documents before passing any adverse order.
Rule 14A introduces a fast-track GST registration process for small taxpayers with limited B2B tax liability. The article explains eligibility conditions, filing restrictions, and the procedure for switching to normal registration.
The Supreme Court affirmed that continuous non-filing of GSTR-3B despite issuing invoices and collecting GST amounts to wilful suppression under Section 74. The ruling rejects financial hardship as a defence against GST compliance failures.
The LMPC Importer License is mandatory for businesses importing pre-packaged goods into India. This guide explains the registration process, required documents, labeling rules, and penalties for non-compliance.
Bail under the BNSS is a mechanism balancing personal liberty with public safety and fair trial concerns. Courts consider factors such as evidence, severity of offence, and risk of absconding before granting relief.
