Tax
Direct Tax
CBDT Clarifies LTC, Medical Reimbursement & Sections 80DD/80DDB Not Available Under New Tax Regime u/s 115BAC
In a significant clarification impacting salaried taxpayers and government departments, the Central Board of...
GST
Fake GST Raid in Bengaluru: Housekeeping Staff Impersonate Officers, Extort Rs. 5 Lakh from Tobacco Trader
A brazen case of impersonation and extortion has come to light in Bengaluru, where...
Tax Experts
DAY 1 | STAR TAX Summit 2025: A Powerful Start with Focus on Taxpayer Rights and Duties
The Society for Tax Analysis & Research (STAR) kicked off the STAR TAX Summit...
Direct Tax
‘Debt Forgiveness’ Can’t Be Taxes As Business Income: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the debt...
Direct Tax
Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI: ITAT
The Income Tax Appellate Tribunal (ITAT) has exempted Kapil Dev from income tax on...
Indirect Taxes
IPL Ticket Prices Soar as Fans Pay Over 70% Tax on Entry Fees
Cricket lovers shelling out thousands for IPL tickets might be surprised to learn they...
GST
GST Applicable On Residential Bookings Made Before Completion Certificate: Karnataka High CourtÂ
The Karnataka High Court has held that the Goods and Service Tax (GST) is...
Direct Tax
Government Expands Tax Exemptions for Non-Residents in IFSC under Section 10(4E) of Income Tax Act
In a significant move to enhance India's attractiveness as a global financial hub, the...
Direct Tax
Finance Bill 2025 Amends Section 10(10D) To Exempt Life Insurance Proceeds From IFSC Intermediaries Without Premium Cap
The Finance Bill, 2025 has introduced a significant amendment to Section 10(10D) of the...
Direct Tax
Finance Bill 2025: Presumptive Tax Provisions Under The New Section 44BBD
The Indian government has introduced an amendment to the proposed Section 44BBD of the...
Direct Tax
Finance Bill 2025: Tax Treatment Of Offshore Fund Managers In India
In a significant move aimed at reducing compliance burdens and facilitating the relocation of...
Indirect Taxes
Student Almanac & Teacher Planner Not Exigible to Excise Duty: CESTATÂ
The Delhi High Court has held that the Student Almanac and teacher planner were...
GST
CBI Arrests GST Superintendent in Telangana For Accepting Rs. 8K Bribe
The Central Bureau of Investigation (CBI) has arrested the Superintendent of GST, Medak, Hyderabad,...
Direct Tax
Direct Tax Weekly Flashback: 16 March to 22 March 2025
Direct Tax Weekly Flashback for the period 16 March to 22 March 2025.Delhi High...
Latest articles
Direct Tax
CBDT Clarifies LTC, Medical Reimbursement & Sections 80DD/80DDB Not Available Under New Tax Regime u/s 115BAC
In a significant clarification impacting salaried taxpayers and government departments, the Central Board of...
GST
Fake GST Raid in Bengaluru: Housekeeping Staff Impersonate Officers, Extort Rs. 5 Lakh from Tobacco Trader
A brazen case of impersonation and extortion has come to light in Bengaluru, where...
Company & PMLA
ED Moves HC to Cancel WinZO Co-Founder Saumya Singh Rathore’s Bail
The Directorate of Enforcement (ED) has intensified its action against real-money gaming platform WinZO...
Indirect Taxes
No Duty Without Proof of Fresh Import; Relief Granted to L&T on Leftover Bombay High Materials: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has set aside...