How to Apply for a Lower TDS Deduction Certificate in India?
How to Apply for a Lower TDS Deduction Certificate in India?
Is Your Digital Privacy at Risk? Inside the Controversial 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…
Seized Data Alone Is Not Enough for Tax Addition-A Game Changer for Tax Litigation
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,…
Supreme Court Clarifies Arrest Under GST Act: No Arrest on Mere Suspicion
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…
GST Exemption Denied for Manpower Services to Webel Technology Limited: What Businesses Must Know
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…
Can I claim Section 89 relief even if the previous year’s ITR is not filed?
The 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…
New Tax Rules 2025: Key Takeaways Every Taxpayer Must Know
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…
Key Proposed Amendments to GST Laws in Finance Bill 2025
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.…
Comprehensive Guide on Capital Gains Tax in India
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…
Supreme Court: Offence Before Show-Cause Notice is ‘First Offence’ Under Income Tax Compounding Guidelines
In a landmark ruling, the Supreme Court of India has overturned the Gujarat High Court's 2017 judgment, which had upheld the rejection of a compounding application for Assessment Year (AY) 2013-14 due to the late…