The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting...
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Court held that penalty under Section 270A cannot apply where assessed income does not exceed processed income....
The Tribunal held that the assessee had adequately explained the source of cash deposits with supporting evidence....
April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax proceedings....
Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is...
Highlights that system-based NGTP tagging cannot replace proper verification before denying ITC. Key takeaway: factual investigation is...
The High Court allowed delay in filing GST appeal due to repeated family bereavements beyond the taxpayer’s...
Explains mandatory pre-deposit requirements under GST law and how compliance ensures automatic stay on recovery. Key takeaway:...
As weekend work creep intensifies, we explain the laws for pay and compensatory leave – and the...
Regulator aligns Tier II with Tier I rates, brings in costs for dormant accounts and multi-scheme holdings...