Uncategorized

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…

DIR-3 KYC Amended Rules FY 2026-27: MCA’s New Director KYC Compliance & Triennial Filing Requirements Explained The Ministry of Corporate Affairs (MCA) in India has introduced major changes to director…

Personal Income Tax in India Surpasses Corporate Tax: A Major Shift in the Fiscal Landscape In a historic tax shift, personal income tax collections in India have overtaken corporate tax…

Draft Form 26 Under the New Income-Tax Rules 2026: A Complete Guide (with 3CD Comparison, Audit Checklist & Business Impact) The Indian Income-tax Department has released a Draft Form No.…