Uncategorized

Section 80GGC Disallowance Without Proof of Refund or Benefit to Assessee Held Unjustified: ITAT Raipur Background and Statutory Framework Section 80GGC of the Income Tax Act, 1961 allows an individual…

Big Makeover 2026: Form 16 Becomes 130, 26AS Turns 168 – What You Must Know The Income Tax Department in India is set for a significant transition with the implementation…

How to Incorporate a Company in GIFT City, India – Step-by-Step Guide (2025) India’s ambition to become a global financial powerhouse has taken a concrete shape with the development of…

GST Landmark Ruling: Buyer Not Expected to Do the Impossible — High Court Allows Input Tax Credit (ITC) In a significant judgment impacting bona-fide taxpayers under the Goods and Services…

Draft Income Tax Rules 2026: Big Tax Relief for Salaried Employees and Higher Take-Home Pay The Central Board of Direct Taxes (CBDT) has released the Draft Income Tax Rules 2026,…

ITAT Kolkata Rules in Favor of Assessee: Section 54F Exemption Allowed on Rs. 26.77 Crore Capital Gains Despite Pre-Sale Construction and Joint Ownership In a taxpayer-friendly decision, the Kolkata Bench…

Landmark GSTAT Ruling on GST Return Mismatch: Sterling & Wilson Pvt. Ltd. vs Commissioner, Odisha Commissionerate of CT & GST – Clarifying Reconciliation and Tax Demand Principles The recent ruling…

When Missing Form 10CCB Doesn’t Kill Your 80IAC Tax Break – ITAT Delhi Rules Technical Lapse Curable Facts and Issue in the Case In Eradicatus Infectus Pvt. Ltd vs. DCIT,…

Union Budget 2026: How Banking Reforms Will Reshape India’s Financial System The Union Budget 2026–27 marked a significant shift in India’s approach to banking and financial sector reform — moving…

TDS Rate Chart for FY 2025-26 (AY 2026-27): A Simple Guide for Taxpayers in India Tax Deducted at Source (TDS) is one of the most important concepts under the Indian…