India’s 28% GST on online gaming deposits has slashed operator revenue and pushed players to unregulated offshore platforms. Industry demands GST only on platform fees (GGR) and a central regulator.
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Gujarat High Court rules tax cannot be recovered from employees when employer fails to deposit deducted TDS; directs CBDT to enforce Section 205 compliance.
Kerala High Court rules that Section 54F exemption applies only to new residential construction, not renovation or extension of existing houses.
Delhi ITAT sustained a Rs.14.69 Cr unexplained loan addition under Section 68 against Alvin Reality, ruling that companies with less than Rs.2,000 in income and minimal reserves cannot be deemed creditworthy to advance multi-crore loans.
The ITAT Delhi sets aside over ₹1112 Cr in tax additions in Enormous Nivesh Pvt. Ltd. Vs ACIT, ruling that Section 56(2)(viia) applies only to the ‘transfer’ of shares, not the ‘fresh allotment’ (issue) of shares, which is governed by Section 56(2)(viib).
Telangana High Court held that genuineness and validity of will are civil disputes and should not be adjudicated by TSGST authorities since appropriate jurisdiction in such matter lies with the Civil Court.
Tax professionals request the immediate enabling of GST Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2024-25 to avoid compliance hardship and synchronized Income Tax Audit.
The DA rate for PSU employees for Oct-Dec 2025 (Q3 FY 2025-26) is set at 51.80%, an increase of 2.80% from the previous quarter, based on the latest CPI-IW indices
RBI kept the repo rate at 5.50% in the Oct 2025 policy. GDP growth is projected at 6.8%, and inflation at 2.6%. New rules for credit loss, capital risk, and lending.
