The issue concerns ineffective communication between auditors and governance bodies despite existing legal requirements. NFRA clarified expectations and pushed for structured engagement, emphasizing accountability and proper documentation.
Supreme Court held that states cannot undo decades-old land transactions to reclaim title, emphasizing protection of innocent buyers and their right to basic amenities.
ITR-4 Sugam: End of Blind Presumptive Compliance?” The Central Board of Direct Taxes (CBDT) has introduced a significant compliance change in the newly released ITR-4 (Sugam) for Financial Year 2025-26. The amendment potentially marks a major compliance shift under the presumptive taxation scheme.” Taxpayers opting for the presumptive taxation scheme under Sections 44AD, 44ADA and […]
Explore why composite GST notices across multiple years should be judged by severability, not invalidation, balancing tax recovery with statutory limits.
This article explains why GST registration is not limited to turnover thresholds. It highlights transaction-based triggers that can mandate registration even for small businesses.
The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier flexibility of avoiding audit without opting for presumptive taxation.
The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for balanced enforcement and protection of bona fide taxpayers.
The case involved a large-scale digital fraud using coercion and impersonation to extract funds. The Court denied bail, holding that the accused played key roles and that investigation must proceed without interference.
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The law was introduced to combat persistent atrocities despite existing safeguards. It provides strict punishments, special courts, and victim protection mechanisms.
