In a recent ruling regarding mismatch in the claim of Input Tax Credit (ITC) as per Form GSTR-3B and the auto-populated GSTR-2A, the Madras High Court directed the Petitioner to…
The Goods and Services Tax (GST), introduced in India on July 1, 2017, marked a significant overhaul of the indirect taxation system in the nation. By consolidating various central and…
In a recent ruling, the Karnataka High Court ruled that merely paying a penalty for delayed filing of Income Tax Returns (ITR) does not exempt a taxpayer from criminal prosecution…
Top Stories Rulings on Disallowance of Interest under Income Tax Act This Case Digest provides an analytical summary of judgments and observations related to the disallowance of interest under Income…
In a recent ruling, the Delhi High Court held that income tax on house property should be assessed by the person who actually receives or benefits from the income, rather…
Top Stories Seeking Adjournment against a GST Show-Cause Notice [Find Draft Format Here] Did you recently receive a GST Show-Cause Notice from the Department? Read on to know all about…
Top Stories Complete TDS Rate and Threshold Limit Changes proposed in Union Budget 2025 The changes proposed through the Union Budget are expected to provide more expendable income to taxpayers,…
Top Stories Budget 2025-2026: CBIC releases FAQs w.r.t. Indirect Tax Amendment The purpose of these FAQs is to elucidate important indirect tax amendments By Eeva Mary Sanil - On February…
The Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025 on February 1st, 2025, at 11:00 AM in Parliament, marking her 8th consecutive budget under the Modi Government 3.0.This year’s…
Top Stories FM Nirmala Sitharaman proposes Income Tax Exemption to Withdrawals from National Savings Scheme in Budget 2025 The changes are aimed to provide greater predictability to multinational enterprises to…