Tax & GST insights.
Practical articles from our lawyers, chartered accountants and company secretaries on running, protecting and growing a business in India.
Tax & GSTCash Transaction Limits in Business: A Guide to Section 40A(3) of the Income Tax Act
Introduction India's transition towards a cashless economy is gaining momentum with the rise of digital banking. This shift is characterized by a significant...
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Tax & GSTThe Direct Tax Code 2025: Key Insights
The Indian tax environment stands at the threshold of major modifications. The Direct Tax Code (DTC) 2025 Expected to bring in a new tax regime that combines...
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Tax & GSTOld Tax Regime Vs New Tax Regime 3.0 – A quick guide with scenarios
Indians have a choice between two tax systems, and the option they choose will depend on their annual income, ability to take advantage of eligible exemptions, and...
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Tax & GST10 Common ITR Filing Mistakes That Could Cost You
Filing Income Tax Returns (ITRs) can be a daunting task for many taxpayers, especially those lacking a solid understanding of tax laws or those opting to file...
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Tax & GSTITR Filing: How and when you can claim losses on delisted shares
There are many investors who are staring at huge losses on account of shares in which they had invested getting delisted. May investors are not sure whether they...
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Tax & GSTWhy Income Tax Return Filing is Important?
Income Tax Return is the structure where the assessee documents data about their Income and expense consequently to the Income Tax Department. At the point when you...
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Tax & GSTSection 206AB of the Income Tax Act
According to this section, any person who pays or credits any sum to such a specified person must deduct tax at source at a higher rate than the normal rate...
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Tax & GSTAnalysis of section 206AA with Double Taxation Avoidance Agreement from recent case law - Judicial update (International Taxation)
Can the provisions of section 206AA (higher rate of tax deduction in case of non-furnishing of PAN) override the Double Taxation Avoidance Agreement (DTAA) that...
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Tax & GSTNavigating GST: Addressing Anomalies in the Supply of Capital Goods
Capital goods constitute a significant aspect of business assets, involving substantial input tax credits. The Central Goods and Service Tax Act, 2017, outlines...
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Tax & GSTGuide to High Value Transactions in Income Tax : Minimizing The Tax Liability
What is High Value Transactions? High-value cash transactions beyond a specific limit are monitored by the Income Tax Department. Therefore, failing to mention such...
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Tax & GSTRecent Provisions on TCS :Tax Collected at source on Sale of Goods
Tax Collected at Source (TCS) is the tax payable by a seller which he collects from the buyer. The rate of TCS is different for goods specified under different...
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Tax & GSTRecent Income Tax Changes For Charity Organisations
Currently the income derived from the property of the trust is exempt from income-tax under the purview of section 11 of the Act. If the trust or not-for-profit...
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