Income-Tax (No. 2) Bill, 2025, proposes to amend and consolidate income tax law, covering a range of topics from basic definitions to complex tax avoidance rules.
The Ministry of Road Transport & Highways introduces a new annual FASTag pass for non-commercial vehicles, effective August 15, 2025, allowing for 200 crossings.
A guide to reporting Futures & Options (F&O) and intraday trading losses in ITR 3. Learn how to navigate forms and avoid common validation errors for successful filing.
The Gujarat High Court has quashed a penalty order under the GST Act, ruling it invalid because it was issued on the same day as the SCN, violating natural justice.
The Gujarat High Court has granted bail to Sunil Hiralal Mandowara in a GST fraud case. The court cited the completion of the investigation and the accused’s 8-month incarceration.
The updates concerning the ITR-5 form for Assessment Year (AY) 2025-26. The Central Board of Direct Taxes (CBDT) has made important changes to fall in line with the Finance Act, 2024, and Notification No. 42/2025, dated May 1, 2025, that taxpayers need to know to ensure proper filing. Applicability of ITR-5 Form ITR-5 form is […]
Supreme Court holds balance sheet debt entry valid under Section 18 Limitation Act; excludes COVID period; remands IBC case to NCLT for hearing.
ITAT Mumbai rules on disallowances, unexplained cash, reassessment validity in J. Kumar Infraprojects tax case, partly upholding CIT(A)’s relief.
The Supreme Court of India has restored Godway Funicrafts’ review application, directing the Andhra Pradesh High Court to reconsider the 100% penalty imposed under the CGST Act.
Gujarat High Court sets aside GST penalty for a vehicle number mismatch on an e-way bill, citing no intent to evade tax. Read the full judgment here.
