ITAT Chennai rules unaccounted customer deposits, with traceable identities and commercial substance, are liabilities, not income under Section 68.
Understand recent Supreme Court decisions on GST ITC denial due to supplier errors. Learn about taxpayer rights to correct genuine mistakes.
The Finance Act, 2025 has introduced several noteworthy changes to the Tax Deducted at Source (TDS) framework under the Income Tax Act, 1961, with the intent to ease compliance and reduce the administrative burden on businesses and tax professionals. Effective from April 1, 2025, these amendments are particularly significant and this article highlights the major TDS-related amendments and their implications.
Angel funds play a pivotal role in early-stage startup financing in India, operating under a unique regulatory substructure within the broader framework of AIFs. In March 2025, SEBI issued an informal guidance to FirstPort Capital Angel Fund, clarifying several regulatory ambiguities.
RBI proposes a new, broader co-lending framework allowing more entities to partner, aiming for wider credit access and lower rates.
Explore how ISDS allows investors to resolve disputes with states, its legal basis, types of investments involved, criticisms, and proposed reforms.
Explore the influence of SEBI regulations on Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) in India, including challenges and reforms.
Understand Form 15G & 15H for no TDS on interest. Learn who should file, deadlines, online submission, and penalty details.
Explore the complexities, transparency, and regulatory challenges in cross-border mergers and acquisitions (CBM&A) and their impact on global business expansion.
Section 119(2)(b) allows delayed ITR filings with valid reasons. Revised limits, conditions, and judicial insights guide this less-used relief tool.
