Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrations and FAQs about eligibility, calculations and impacts on special rate incomes.
Supreme Court examines “first offence” definition under Section 276CC of the Income Tax Act in the Vinubhai Mohanlal Dobaria case. Detailed analysis of the ruling.
ITAT Chennai ruled that brokers facilitating land deals are not liable under Section 269SS as they act on behalf of clients and do not receive payments in their own right.
Bombay High Court rules that service tax cannot be imposed solely on income tax return data. The department may issue a fresh notice for income from other sources.
The article analyzes the key GST provisions for e-commerce, focusing on regulatory frameworks, compliance requirements, and associated challenges. It examines how the indirect tax reform addresses jurisdictional complexities, enhances tax administration, and streamlines compliance in the digital economy.
Haryana revives entry tax after 8 years, sparking legal concerns. Understand the implications, recovery limits, and legal remedies for businesses.
ICAI Board acquits CA Gautam Doshi, citing lack of evidence and judicial precedents from the 2G spectrum case. Detailed findings and observations included.
The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input service distributors (ISD) now explicitly includes IGST for reverse charge transactions, correcting prior limitations. A clarification on the definition of “local authority” expands the scope to include funds […]
Understanding conveyance & deemed conveyance in housing societies, legal provisions, benefits, and challenges under MOFA, RERA, and redevelopment projects.
CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit for deductees.
