Provisional Attachment Of Cash Credit Account
Section 83 of the Central Goods and Services Tax Act, 2017 provides for the provisional attachment of the properties of the taxable person in...
Government May Allow SEZ Units to Sell in India by Paying Only Input Duty
The Ministry of Finance is reportedly considering allowing SEZ units to sell goods in the domestic market on a ‘duty-foregone’ basis through an executive...
Government May Allow SEZ Units to Sell in India by Paying Only Input Duty
The Ministry of Finance is reportedly considering allowing SEZ units to sell goods in the domestic market on a ‘duty-foregone’ basis through an executive...
Middle Class Hit Hard: Nearly 46% in Taxes Push Car Prices Up — 28% GST, 17% Cess, 1% TCS
A LinkedIn post has gone viral for exposing how buying a car in India has quietly become a financial burden for the middle class,...
ITR Filing 2025: Old Regime May Invite Notices; ‘Other Deductions’ in New Regime Under Scanner
In a strong and clear advisory to taxpayers, the tax professional community has sounded an alarm ahead of the Income Tax Return (ITR) filing...
ITR Filing FY 2024-25: Capital Gains from Mutual Funds Taxable Under Both Old and New Regimes—Here’s How
As the window for Income Tax Return (ITR) filing for Assessment Year (AY) 2025-26 opens, taxpayers are reminded that apart from reporting salary income,...
How to Check if a Property is Disputed or Litigated in India: 2025 Update
Property disputes in India are a significant legal concern—over 66% of civil court cases pertain to real estate. Buying a property without verifying its...
Trump Tariff and Israel-Iran War Double Blow to Indian Basmati Exports, Rs 3,000 Crore Orders Stuck Amid Crisis
The escalating conflict between Israel and Iran, coupled with the lingering impact of former U.S. President Donald Trump's 26% tariff on Indian basmati rice,...
Are Luxury Watches ‘Personal Effects’? Customs Grapples with Smuggling Tactics
Indian Customs is facing a growing challenge in dealing with the import of ultra-luxury watches—often worth crores—being brought into the country by affluent passengers...
India’s Net Direct Tax Collection Sees Marginal Dip; Refunds Surge 58%
India’s net direct tax collections have witnessed a slight decline in the ongoing financial year, with the total mop-up standing at ₹4.58 lakh crore...
How to File GST Returns Online? 2025 Update
All businesses registered under India’s Goods and Services Tax (GST) regime are required to file periodic returns, disclosing key information related to sales, purchases,...
GST on Corporate Guarantees Faces Legal Scrutiny: Jindal Stainless Among Petitioners Challenging Taxability and Valuation Rule
The imposition of Goods and Services Tax (GST) on corporate guarantees issued between related parties has sparked widespread legal challenges from several corporate entities...
Only 4 ITRs Processed Out of 20 Lakh Filed by 13 June 2025
As of June 13, 2025, more than 20 lakh Income Tax Returns (ITRs) have already been filed for the Assessment Year 2025–26. However, what...
Tax Evasion Leads To Arrest: Knowing Your Rights – By CA Ashu Dalmia
The article “Tax Evasion Leads To Arrest, Knowing The Law Leads To Your Rights” has been authored by CA Ashu Dalmia, with valuable research...
Gold Imports at Zero Duty via Chloroauric Acid: A Loophole Costing Revenue and Damaging the Bullion Industry
In a development that has raised serious concerns within the Indian bullion trade and revenue departments, gold is reportedly being imported at zero or...
GST Council May Replace Compensation Cess with These Two New Levies
The GST Council is likely to deliberate a significant proposal in its upcoming meeting — replacing the existing compensation cess on goods like coal,...
8th Pay Commission: Delay Likely Beyond January 2026 Amid Bureaucratic and Fiscal Challenges
With nearly 35 lakh serving central government employees and over 67 lakh pensioners awaiting an official announcement, the 8th Central Pay Commission (CPC) has...
GST Applicability to Legal Services in India: A Detailed Analysis
Legal services in India, under the GST regime, are subject to specific provisions that determine whether tax is to be levied, who is responsible...
Difference Between Code of Conduct for Chartered Accountants and Advocates: A Comparative Overview of ICAI and BCI Regulations
In India, two prominent professions – Chartered Accountancy and Advocacy – are regulated by distinct statutory bodies: the Institute of Chartered Accountants of India...
Can Advocates Be Held Liable for Legal Opinions in Economic Offence Cases? Here’s What the Law Says
In recent times, investigative agencies such as the Enforcement Directorate (ED) have, in certain cases involving economic offences or alleged tax evasion, questioned legal...
Category