Analysis of US tariffs on India’s textile industry: reduced exports, pricing pressure, competitive disadvantage, and potential strategic responses.
Bombay HC quashes tax notices issued to deceased Amjad Ahmed Shaikh. Court emphasizes notices to dead are void, allowing fresh action. The court dismissed revenue’s explanation regarding correspondence with the chartered accountant, stating it did not justify issuing notices to a deceased person.
Bombay High Court confirms full disallowance of expenses on unproven purchases, citing failure to prove genuineness and reliance on precedent.
Stay updated on GST compliance for FY 2025-26. Learn about e-invoicing, ISD, credit note management, ITC reconciliations, HSN codes, and key procedural changes.
Summary of key tax, GST, customs, RBI, and legal updates issued by Indian authorities for the week ending April 6, 2025, including notifications and circulars.
CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.
Understand the mandatory timelines for issuing share certificates in India, even without subscription money, and the consequences of non-compliance.
Calcutta High Court quashes GST penalty citing lack of intent to evade tax and absence of rule mandating fixed route declaration in e-way bill.
NCLT Delhi rules it lacks jurisdiction to direct ED to defreeze accounts frozen under PMLA, directing RP to seek remedies under PMLA.
Learn about Section 194-IB of Income Tax Act, requiring individuals paying monthly rent exceeding ₹50,000 to deduct TDS at 2%. Understand compliance, exemptions, and filing procedures.
