Clarified procedure for appeals under Section 128A of CGST Act 2017, addressing disputes on interest and penalty where tax is fully paid.
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.
Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961, and understanding the latest provisions from the Union Budget 2025.
Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India’s tax system by replacing the 1961 Act.
Request tax order implementation with Income Tax e-Filing portal’s new feature. Raise Request for Order Giving Effect online to resolve pending matters faster!
Key notifications from Income Tax, GST, RBI, and IBBI covering amendments, clarifications, and updates for the week of 27th January to 2nd February 2025.
CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches in 18 locations across India.
ITAT Chandigarh allows full deduction under Section 54F for Sher Singh’s construction on land owned by his mother, setting aside the A.O.’s capital gain addition.
