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Tax laws and business regulations change constantly in India. Missing an update can lead to unexpected tax notices and heavy penalties. Our experts decode the jargon so you stay 100% compliant.
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Plain-language summaries of recent CBDT circulars, GST notifications, case law, and MCA regulations.
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The framework outlines offences like tax evasion, non-filing of returns, and failure to pay TDS/TCS. It clarifies punishments, procedural safeguards, and when prosecution can be initiated. The post Pr…
The framework permits taxpayers to settle offences by paying prescribed compounding charges instead of facing prosecution. It clarifies eligibility, timelines, and conditions for acceptance or rejecti…
Income without satisfactory explanation is taxed at a special high rate under Section 115BBE. The provisions place strict liability on taxpayers to justify the nature and source of funds. The post Une…
The framework clarifies that advance tax becomes mandatory when estimated liability exceeds ₹10,000, with specific exemptions for certain taxpayers. It outlines computation, payment schedules, and con…
The framework outlines when TCS must be collected on goods, services, and remittances. It clarifies applicable rates, timing, and compliance requirements under tax law. The post TCS mechanism under Se…
The framework clarifies that refunds can be claimed only through valid ITR filing and mandatory verification. It emphasizes procedural compliance and timely filing as key conditions. The post Refund o…
Nadur led investments in BluSmart, Magenta Mobility and Zingbus in India
The issue concerns taxation of AIFs, securitisation trusts, and business trusts. It was held that income is taxed at the investor level to ensure fiscal neutrality and prevent double taxation. The pos…
The framework clarifies taxation of non-residents based on income accrued or received in India. It outlines applicable tax rates, DTAA relief, and compliance requirements under the Income-tax Act. The…
The document outlines the structured process for determining total income and tax liability. It emphasizes stages including residential status, income computation, and final tax calculation. The post…
Courts held that bona fide buyers cannot lose ITC due to supplier non-payment of GST. The key takeaway is protection of genuine taxpayers with proper documentation. The post Landmark GST relief on ITC…
The authority held that oxygen supply through installed infrastructure is a composite supply of goods. The key takeaway is that principal supply determines GST classification. The post Oxygen Supply w…