ITAT Delhi held that deduction under section 54F of the Income Tax Act allowable since the provisions of section 54F allows for construction of the property within a period of three years. Accordingly ...

Understand importance of timely LLP registration in India. Learn about limited liability, separate legal entity status, management flexibility, no minimum ...

Unlock higher tax refunds for FY 2024–25 by understanding eligible deductions (80C, 80D, HRA), utilising presumptive taxation, and avoiding common ITR filing errors like data mismatches and incorrect ...

The ITAT Bangalore ruled that St. Joseph Engineering College Alumni Association cannot be denied 12AB registration solely for ...

The ITAT Bangalore ruled in favor of Lakshmanram Bheemaji Purohit, deleting an addition for alleged bogus purchases. The court held that no disallowance can be made when an assessee files income under ...

Section 74 GST provisions for ITC fraud disproportionately affect genuine dealers. Learn about compliance burdens, the need for robust documentation, and a proposed amnesty scheme to ease litigation ...

Understand the significant Income Tax Return (ITR) changes for FY 2024–25 (AY 2025–26), including the new default tax regime, enhanced disclosure requirements, simplified capital gains reporting, and ...

The Supreme Court's 2024 Canon India review reaffirms the Directorate of Revenue Intelligence's authority to issue customs show cause notices. This ruling impacts tax administration, validates past ...

Understand India's GST impact on import ocean freight. This summary covers IGST, Reverse Charge Mechanism (RCM), and landmark court judgments (Mohit Minerals, Agarwal Coal) that clarify tax ...

Learn about GST framework for intermediary services, legal provisions and expected reforms to alleviate tax burdens and boost cross-border trade ...

CBDT allows processing of delayed ITRs filed under Section 119(2)(b) by March 2024. Refunds and related provisions to follow, ...

RBI updates Depositor Education & Awareness Fund Scheme, 2014, with consolidated operational guidelines effective October 1, 2025, for all ...