Posts by Mahesh Mara

When Section 80GGC Deduction Is Denied: What Taxpayers Should Know In recent times, many taxpayers in India have faced income-tax scrutiny over deductions claimed under Section 80GGC of the Income-tax…

Accommodation Entries Under Income Tax: ITAT Rules Only Commission Income Taxable, Not Gross Credits Facts and Issue of the Case In the recent income tax dispute of ACIT vs Radhey…

Key Regulatory and Tax Updates in India: Week Ending 4th January 2026 – What You Need to Know As India enters 2026, the first week of the year brought a…

ITAT Visakhapatnam Ruling: Appeal Allowed Against Fraudulent Revised Income-Tax Return Filed Without Consent In a significant judgment delivered in December 2025, the Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, provided…

Mandatory Input Service Distributor (ISD) Under GST from April 1, 2025: A Simple Guide for Businesses The Goods and Services Tax (GST) system in India is constantly evolving to improve…

GST Penalty Rules Explained: Section 73, Section 74 and New Section 74A The Goods and Services Tax (GST) regime in India continues to evolve, and one of the most important…

India’s Microfinance Boom and the RBI’s Regulatory Clampdown: What You Need to Know India’s microfinance sector, once hailed as a powerful tool for financial inclusion, has entered a turbulent phase.…

GST on Corporate Guarantees Explained: Madras High Court Rules No GST When Full ITC Is Available In a recent ruling with wide implications for businesses, the Madras High Court set…

Mandatory Show-Cause Notice Requirement: When an Income Tax Assessment Is Quashed for Not Issuing It In a significant decision by the Income Tax Appellate Tribunal (ITAT), an income tax assessment…

Income Tax Act 2025 Explained: What the Shift from “Assessment Year” to “Tax Year” Means for You The Indian government has introduced the Income Tax Act, 2025, bringing one of…