March 16, 2026

Featured Posts

Financial Fraud A Growing Threat to Businesses and Individuals in India

Financial Fraud: A Growing Threat to Businesses and Individuals in India

Internal Audit A Powerful Tool for Risk Management and Compliance

Internal Audit: A Powerful Tool for Risk Management and Compliance

The Power of Documentation in Audit

The Power of Documentation in Audit

Got an Income Tax Notice or Facing Scrutiny Budget 2026 Brings Relief & a Safety Net

Got an Income Tax Notice or Facing Scrutiny? Budget 2026 Brings Relief & a Safety Net

Good News for Taxpayers in Old Tax Regime Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026

Good News for Taxpayers in Old Tax Regime: Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026

Income Tax

March 15, 2026 Income Tax

TDS on Property Transactions: Transition from Form 26QB to Form 141

The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The…

March 15, 2026 Income Tax

From Section 44AA to 62: Evolution of Book-Keeping & Tax Auditor Liability

The new Income-tax Act, 2025 retains the obligation to maintain books of account under Section…

March 15, 2026 Income Tax

LTCG Cannot Be Taxed in Wife’s Hands When Property Settled by Husband – ITAT Deletes Rs. 19.86 Cr Addition

The Tribunal held that capital gains from property transferred to a spouse without consideration must…

March 15, 2026 Income Tax

Reopening Notice Invalid Without Proper Section u/s 151 – ITAT Quashes Reassessment

The Tribunal held that reopening beyond three years requires sanction from higher authorities under Section…

March 15, 2026 Income Tax

Cash Received at Time of Property Registration Not Hit by Sec.269SS – Penalty u/s 271D Deleted

The Tribunal held that Section 269SS does not apply when cash is received as part…

March 14, 2026 Income Tax

ITAT Chennai: No Addition U/s 56(2)(vii) Where Valuation Difference Within 10% Tolerance Band

The Tribunal held that when the difference between purchase price and DVO valuation falls within…

Finance

March 15, 2026 Finance

Tax-saving contributions face March 31 deadline; align investments wisely

Last-minute choices made without considering needs could exact a high…

March 13, 2026 Finance

Changing jobs and have multiple PF accounts? How to merge them online

EPFO’s portal allows salaried professionals to maintain a seamless service…

March 13, 2026 Finance

Rare but vital: Living will concept explained after Harish Rana verdict

Supreme Court verdict a critical legal gap in India where…

March 13, 2026 Finance

Indians buying property in Dubai: Foreign exchange, loan rules explained

They must adhere to the $250,000 LRS limit and avoid…

March 13, 2026 Finance

Iran crisis threatens 55-65% of India’s LNG imports via Hormuz: Explained

55-65% of India’s LNG imports transit the Strait of Hormuz,…

March 13, 2026 Finance

Canara Bank raises long-tenor MCLR; some borrowers may face higher EMIs

Decision to hike long-term lending rates by 10 basis points…

GST

March 15, 2026 GST

GST Portal Bank Account Validation: What Every Registered Taxpayer Must Do

The GST portal now enforces mandatory bank account validation for registered taxpayers. Failure to link or validate bank

March 15, 2026 GST

Input Tax Credit Blockades Under Section 17(5)(a), (aa) & (ab) of CGST Act, 2017

 The law blocks input tax credit for passenger vehicles with seating capacity up to 13 persons. Credit is

March 15, 2026 GST

GST Not Applicable on University Statutory Fees: Bombay HC (Goa Bench)

The court held that fees such as affiliation, examination, and migration charges collected by a university are statutory

March 15, 2026 GST

E-Way Bill Enforcement & Need for a Practical Mechanism to Protect Small Traders

Courts and CBIC clarifications state that minor clerical mistakes in e-way bills should not trigger detention under GST

March 14, 2026 GST

No bail to alleged fake GST Commissioner in ₹34 Lakh Bribery Trap case

Considering the seriousness of the allegations and the prima facie material indicating the applicant’s involvement in the conspiracy

March 14, 2026 GST

GSTAT Orders Re-Examination of Profiteering Calculation Due to Ignored Cost Factors

GSTAT directed the DGAP to re-examine the profiteering computation after questions were raised about ignored cost increases, negative

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Recent Posts

Financial Fraud: A Growing Threat to Businesses and Individuals in India
Featured Posts

Financial Fraud: A Growing Threat to Businesses and Individuals in India

February 23, 2026
Internal Audit: A Powerful Tool for Risk Management and Compliance
Featured Posts

Internal Audit: A Powerful Tool for Risk Management and Compliance

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The Power of Documentation in Audit
Featured Posts

The Power of Documentation in Audit

February 14, 2026
Got an Income Tax Notice or Facing Scrutiny? Budget 2026 Brings Relief & a Safety Net
Featured Posts

Got an Income Tax Notice or Facing Scrutiny? Budget 2026 Brings Relief & a Safety Net

February 11, 2026
Good News for Taxpayers in Old Tax Regime: Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026
Featured Posts

Good News for Taxpayers in Old Tax Regime: Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026

February 11, 2026
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Featured Posts

Budget 2026: A Clear Signal of Stability and Predictability to Attract Big Global Capital

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Tax-saving contributions face March 31 deadline; align investments wisely

March 15, 2026 Finance

TDS on Property Transactions: Transition from Form 26QB to Form 141

March 15, 2026 Income Tax

From Section 44AA to 62: Evolution of Book-Keeping & Tax Auditor Liability

March 15, 2026 Income Tax

LTCG Cannot Be Taxed in Wife’s Hands When Property Settled by Husband – ITAT Deletes Rs. 19.86 Cr Addition

March 15, 2026 Income Tax

Reopening Notice Invalid Without Proper Section u/s 151 – ITAT Quashes Reassessment

March 15, 2026 Income Tax

Cash Received at Time of Property Registration Not Hit by Sec.269SS – Penalty u/s 271D Deleted

March 15, 2026 Income Tax
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