Introduction to Leave Travel Allowance (LTA) Leave Travel Allowance (LTA) is an excellent tax-saving benefit provided to salaried employees in India. It allows employees to claim exemptions on travel expenses...
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Lower TDS Certificate
How to Apply for a Lower TDS Deduction Certificate in India?
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Income tax bill 2025
New Income Tax Bill 2025: Expanded Digital Surveillance Powers and Their Implications The Income Tax Bill, 2025, introduced in the Lok Sabha on February 13, 2025, has sparked a nationwide debate over...
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Income Tax Act 1961
ITAT Delhi Ruling: M/s Sanmati Jewellers vs. DCIT, Central Circle-7, Delhi (ITA No. 3031/Del/2022, dated 28.02.2025) Background of the Case M/s Sanmati Jewellers, a partnership firm engaged in trading bullion,...
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GST Arrest
Honourable Supreme Court of India, in a significant ruling, has clarified that an arrest under the Goods and Services Tax (GST) Act, 2017 cannot be made merely to investigate whether a cognizable and...
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GST
The West Bengal Authority for Advance Ruling (AAR) has recently ruled that GST exemption is not applicable for manpower services provided to Webel Technology Limited (WTL). This decision is a crucial clarification for businesses engaged...
Read MoreThe Income Tax Department does not mandate the filing of ITR for previous years to claim Section 89(1) relief. Even if a taxpayer did not file an ITR for the...
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Capital Gains Tax Structure
Taxation is a crucial aspect of financial planning, and with the introduction of the Income Tax Bill, 2025, the government aims to simplify the existing tax structure while making compliance...
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CGST Act
The Finance Bill 2025 introduces several crucial changes to the Goods and Services Tax (GST) framework, focusing on compliance, trade facilitation, and tax governance. Here’s a summary of the key amendments: 1....
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Income Tax Act 1961
Introduction to Capital Gains Tax Capital Gains Tax is levied on the profit earned from the sale of a capital asset during a financial year. The taxability of such gains falls under the head “Capital Gains” in...
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