Remuneration to partners often becomes a costly compliance nightmare for firms that overlook critical regulatory details. Unfortunately, many businesses continue to follow outdated practices, risking significant penalties and disallowances during […]
Partner Remuneration: Rules Most Firms Miss [2025 Update] Read More »
Introduction The Ministry of Finance has officially introduced the Income-tax (Eleventh Amendment) Rules, 2025 under Notification G.S.R. 252(E). This amendment expands Tax Collection at Source obligations under Section 206C of
New TCS Requirements Introduced for Luxury Items Read More »
This comprehensive guide walks you through the entire Section 12A registration process, from determining your eligibility to submitting the required documents and understanding what happens after your application.
Section 12A Registration Guide: Essential Steps for Trust Registration Read More »
What is Form GSTR-3B Form GSTR-3B is a vital component of India’s Goods and Services Tax (GST) regime, serving as a monthly self-declared summary return for registered taxpayers. It provides
Form GSTR-3B [Section 39(1) read with rule 61 & 61A] Read More »
An analysis of the case Merino Industries Ltd. vs. State of UP decided by the HC of Allahabad dealing with demand u/section 74 and principles of natural justice
Understanding the applicability of clubbing provisions in the income tax return of assesses is important to prevent tax avoidance. These provisions ensure that income is taxed in the hands of
Clubbing Provisions under Income Tax Act Read More »
Why did the tax section cross the Finance Act? Probably to escape the auditor’s glare and join its friends in the great “Omitted” lounge, where old tax provisions sip coffee
The Curious Case of Vanishing Tax Provisions – When to Omit and When to Time it Out? Read More »
Explore the legal provisions and the compliance requirement of the return of Outward Supplies aka GSTR-1.
GSTR-1: Return of Outward Supplies under GST Law Read More »
What is Buy Back of Shares? Buy back of shares, also called a share buyback or share repurchase, is when a company buys its own shares from the existing shareholders
Taxation of Buy Back of Shares Read More »
The CBIC has issued a new Instruction No. 3/2025-GST in order to rationalize the processing of GST Registration Applications.
New Instructions regarding processing of applications for GST Registration Read More »
