As the deadline for filing income tax returns (ITR) for Assessment Year (AY) 2025–26 approaches, taxpayers must exercise caution to avoid common and costly errors that could lead to penalties,…
The Income Tax Department of India issues a Permanent Account Number ( PAN ), a special 10-character identification number, to monitor financial activities and guarantee tax compliance. Here is a thorough explanation…
In a recent ruling, the Allahabad High Court has refused to interfere with the show cause notice ( SCN ) issued to M/s Patanjali Ayurved Ltd., proposing a penalty of ₹273.5 crore…
Top Stories RBI releases Annual Report for FY 2024-2025: Key Takeaways [Find Report Here] India’s real GDP expanded 6.5 per cent in FY 2024-25, down from 9.2 per cent the…
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and…
Top Stories Auction Purchaser Liable to Pay Outstanding Tax on Vehicle Acquired: Himachal Pradesh HC [Read Order] The bench noted that in accordance with section 9 of the Himachal Pradesh…
Top Stories Interception for Non-Generation of e-Invoice: What the Law Says and How to Respond Since e-invoicing became mandatory in phases beginning October 2020, road checks by Mobile Squads have…
Top Stories Non-Payment of Advance Tax Not Ground for Appeal Dismissal: ITAT Remands Case for Fresh Adjudication [Read Order] The tribunal held that if the assessee believes no advance tax…
Top Stories Inadvertent GST ECL Deposit by ISD Refundable with Interest: Delhi HC orders Refund with 6% Interest, Warns 18% for Delay [Read Order] The Court reiterated that the taxpayer…
Top Stories Attention GSTR-1/1A Filers: New Filing Rules You Must Follow From May 2025, GSTR-1/1A filers must follow new mandatory HSN reporting rules and complete document disclosure in Table 13…