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Invalidity of Unsigned and DIN-less GST Orders: Interpretation by Andhra Pradesh High Court
1. Overview of the Landmark RulingThe Andhra Pradesh High Court, in the case of Venlcata Durga Malleswara Traders vs. State of Andhra Pradesh (WPC 4314 OF 2025), has underscored the critical importanc...
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Format of GST SPL-02 Letter for Seeking Amnesty Relief 2024
Overview:The GST SPL-02 letter functions as a formal appeal by assessees within the framework of the GST Amnesty Scheme 2024. It serves to request leniency in interest obligations after the assessees...
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Guide to Calculating and Paying Advance Tax in India
Advance tax, a 'pay-as-you-go' approach, mandates the early payment of income tax. The regulations for advance tax are specified under Sections 208 and 209 of the Income Tax Act, 1961. This obligation...
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The Future Landscape of International Taxation: A Deep Dive into the OECD's Global Minimum Tax
1. IntroductionThe Organisation for Economic Co-operation and Development (OECD) has spearheaded a significant transformation in the realm of international taxation through the introduction of a Globa...
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Changes in Annual General Meeting Notices and Reports for 2025 Following LODR Amendments
IntroductionThe Securities and Exchange Board of India (SEBI) enacted considerable modifications to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulat...
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Recent Amendments Impacting the Hospitality Sector in India
OverviewThe hospitality sector in India, particularly hotels and restaurants, has seen significant regulatory updates pursuant to two notifications issued on January 16, 2025. These notifications are...
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Unique Earnings at the Maha Kumbh: Tax Implications for Pintu Mallah
IntroductionMaha Kumbh's Transformative Impact on Pintu MallahPintu Mallah, a boatman residing in Naini, Prayagraj, experienced a dramatic change in fortune during the Maha Kumbh festival. By leveragi...
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Finance Bill 2025: Transformations in Taxation for Charitable Entities and Changes Impacting Middle Class
The Finance Bill of 2025 delineates notable revisions affecting Charitable Entities. The following are three primary changes introduced:Clarification on Section 12AB(4): Elimination of Registration Ca...
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GST Registration Non-Compliance Deemed as Intentional Tax Evasion: Verdict by Madras High Court
IntroductionThe Madras High Court has regarded neglect to register under GST as a calculated move to avoid tax obligations. In the case of Annai Angammal Arakkattalai (Pre Mahal) v. Joint Commissioner...
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Guide to Obtaining an ISIN: Step-by-Step Process and Requirements
Introduction to Electronic Securities and ISINCompliance with the Companies Act, 2013 mandates that entities must facilitate the transition of physical shares to a digital format. Furthermore, any new...
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Tax Obligations for Content Creators on YouTube & Instagram
1. OverviewThe surge in digital content creation has revolutionized earning methods. Platforms like YouTube and Instagram have created avenues for content creators to generate significant income throu...
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House Rent Allowance (HRA): Exemptions, Tax Advantages, Guidelines, and Provisions in India
1. Overview of House Rent AllowanceHouse Rent Allowance (HRA) stands as a significant segment of an individual’s salary composition in India. Offered by employers, HRA assists employees in covering re...
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Compulsory ISD Registration Starting 1st April 2025: Important Changes in GST Provisions
New regulations in the Goods and Services Tax (GST) regime taking effect on April 1, 2025, require all GST-registered entities holding multiple GSTINs under one PAN to register as an Input Service Dis...
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Input Tax Credit (ITC) on Construction of Immovable Properties: Recent Transformations
When it comes to availing the Goods and Services Tax (GST) Input Tax Credit (ITC) on materials or services used in constructing immovable assets for business purposes, many assessees find themselves b...
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New TDS Regulations Under Section 194T: Effects on Assessees & Enterprises – Commencing 1st April 2025
IntroductionThe Finance (No. 2) Bill, 2024 brings forth Section 194T in the Income Tax Act, effective from April 1, 2025. This section requires Partnership Firms and LLPs to deduct Tax at Source (TDS)...
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Essential Tax Tasks to Complete by March 31, 2025
Essential Income Tax Tasks to Finalize by March 31, 2025Overview:As we approach the conclusion of the financial year 2024-25 on March 31, assessees must finalize several crucial tasks to remain compli...
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Key Taxation Updates for Partnership Entities Starting April 1, 2025
The Finance (No. 2) Act of 2024 introduces two crucial tax modifications for partnership entities, including Limited Liability Partnerships (LLPs), effective from April 1, 2025. These changes include...
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Role of Independent Directors in Evaluating Related Party Transactions
IntroductionIn the contemporary corporate landscape, robust governance practices are more vital than ever, ensuring that business operations remain transparent, equitable, and law-abiding. Independent...
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Homebuyer Rights in Flat Cancellations: Understanding GST Refunds
1. IntroductionA recent ruling from the Madras High Court in Emerald Haven Realty Developers (Paraniputhur) Pvt. Ltd. v. S.V. Ramesh (2025) TaxCorp(GST) 48503 (HC-MADRAS) examined essential legal prin...
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Overview of the Income Tax Bill, 2025: A Look at Regulations for Non-Profit Organisations' Commercial Activities
1. Analysis of Proposals for "Commercial Activities of Registered Non-Profit Organisations"The framework for these subjects is articulated in sub-chapter 3 of Chapter XVI-B, encompassing Sections 344...