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Proposed Audit Exemption for Companies Up to Rs. 200 Crore Turnover Sparks Accountability Concerns

A proposed relaxation in statutory audit requirements under the Corporate Laws (Amendment) Bill, 2026...
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GST on Apartment Maintenance Charges

Apartment maintenance charges are one of the most common recurring expenses paid by flat...
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Budget 2026 Eases ITR Filing Rush with New Deadlines

The Union Budget 2026 has introduced one of the most significant procedural reforms in...
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Why Are Promotions to Assistant Commissioner in CBIC Stuck? Explained

In a significant development for hundreds of officers awaiting promotion in the Central Board...
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ITR Filing Due Date 2026: CBDT Prescribes 31 July 2026 Deadline for ITR-1, ITR-2, Select ITR-5 and ITR-7 Filers

The Income Tax Department has clarified that the due date for filing certain Income...
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How Businesses Evade GST in India? 

The Goods and Services Tax (GST), introduced on July 1, 2017, was envisioned as...
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CJI Surya Kant Rebukes ‘Reckless’ Media Reports, Says No Plea Was Filed on CJP Protest Police Action

Chief Justice of India (CJI) Justice Surya Kant on Friday strongly refuted media reports...
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Monsoon Session 2026: Centre to Push Key Bills on Income Tax, MSMEs, Supreme Court, Foreign Funding and Higher Education

The Central Government is set to pursue an ambitious legislative agenda during the Monsoon...
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Beneficiary of Service Can Be Treated as ‘Recipient’ Under GST Even Without Paying Consideration: Dept. Tells Gujarat High Court

The interpretation of the term "recipient" under the Goods and Services Tax (GST) framework...
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GST Council Panel Proposes ITC Relief on Staff Cars and Employee Health Insurance to Ease Business Compliance

The GST Council's Law Committee has recommended allowing businesses to claim Input Tax Credit...
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New ITR Business Code 21011 Introduced for Share Traders

The Income Tax Department has introduced a new business/profession code—21011: "Other Services – Buying...
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GSTAT Appeal Deadline Notified Till June 2026: Does It Cover Departmental Appeals Too?

The Government has, through Notification S.O. 4220(E) dated September 17, 2025, fixed June 30,...
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Direct Tax

Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court 

The Delhi High Court has dismissed the department’s appeal challenging the deletion of a...
Direct Tax

Finance Act 2010 Can’t Create Fresh TDS Liability for Offshore Technical Services: Karnataka High Court Reads Down Retrospective Tax Amendment

The Karnataka High Court has allowed a batch of income-tax appeals and a connected...
Indirect Taxes

Erection Services Were Not Liable To Service Tax Prior To 10 September 2004: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad Regional Bench, has held...
Direct Tax

Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...

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