A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investments, and compliance, with practical guidance to avoid costly errors.
Blurred lines between job work and supply of goods. Takeaway: Non-compliance with Section 143 can convert job work into a deemed taxable supply.
The ROC held that undertaking new activities without prior amendment of the Memorandum breaches Section 4(1)(c). Even subsequent regularisation does not erase liability for the period of non-compliance.
The Finance Bill, 2026 changes the tax treatment of share buy-backs by taxing proceeds as capital gains instead of dividend income. The move simplifies taxation and better reflects the nature of buy-back transactions.
Recent Landmark GST Rulings: Key Takeaways for GST Practitioners – An analytical roundup of judicial trends shaping GST litigation and compliance Introduction The Goods and Services Tax law is now maturing into a litigation-rich regime where courts are increasingly called upon to balance revenue protection with taxpayer rights and ease of doing business. Over the past […]
The FAQs explain revised Baggage Rules, 2026, enhancing duty-free limits, simplifying transfer of residence, and clarifying passenger categories to reduce disputes and speed up airport clearance.
Furnishing incorrect crypto-asset information without rectification can attract a fixed penalty. The amendment strengthens accountability and data accuracy.
Multiple notifications and circulars issued during the week implemented Budget 2026 measures across direct and indirect taxes. The updates impact compliance, exemptions, refunds, automation, and enforcement.
The court held that amounts credited due to a clerical RTGS error cannot be retained or recovered as tax dues when they do not belong to the account holder. Recovery provisions were ruled inapplicable, and the bank was directed to refund the money to the remitter.
The U.S. announced a reduction of tariffs on Indian goods to 18%, indicating a strategic reset in bilateral trade. The move could boost Indian exports, subject to formal customs notifications
