"Saudi Arabia makes a billion dollars a day, okay? They make a billion dollars a day," once remarked Donald Trump, in his characteristic style, highlighting global wealth disparities. Amidst such…
The upcoming 56th meeting of the Goods and Services Tax (GST) Council is expected to consider reclassifying intermediary services, including brokers, agents, and digital platforms, as exports. If approved, this…
Recently, a taxpayer under GST ( Goods and Services Tax ) Act has been penalized ₹50,000 for the late filing of the GSTR-3B return by one day. Interestingly, the same…
Top Stories NCLT have No Jurisdiction to Direct ED to Defreeze Corporate Debtor’s Account Frozen under PMLA: NCLT [Read Order] The panel ruled that when the Corporate Debtor's account was…
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 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 Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order] Considering the absence of a direct nexus between borrowed funds and loans…