This article examines the provisions of Section 54(10), the issues arising from its application, particularly regarding minor ...

The new tax regime, introduced to simplify taxation with lower rates, comes with a trade-off: fewer deductions. However, for ...

Voluntary winding up of LLP, as the name suggests, is initiated by the partners themselves, not by a court or creditors. This ...

The (KSCAA) has submitted a representation to the Ministry of Corporate Affairs (MCA) Secretary, Shri Manoj Govil, outlining ...

Telangana High Court held that non-granting of at least seven days for furnishing reply is against the Standard Operating ...

Explore the structural and procedural challenges within India's GST framework, from ITC denials to disproportionate penalties ...

A significant stride in international trade relations was marked on July 27, 2025, with the signing of the Comprehensive ...

Analysis of the New Income Tax Act 2025 highlights omissions: problematic TDS on partner income, retention of harsh assessment clauses, and lack of clarity on grievance and appeal ...

Orissa High Court held that writ against blocking of Input Tax Credit [ITC] under rule 86A of the Central Goods and Services Tax Rules [CGST Rules] not entertained as reply of the petitioner is ...

Assessee claimed deduction under section 54F on the basis that the long-term capital gain earned from the transfer of tenancy/possessory rights was invested for the purchase of a residential ...

Rule 86B imposes restrictions on the use of the Input Tax Credit (ITC) for discharging GST liability. It mandates that taxpayers must use a minimum of 1% of their tax liability to be paid in cash, ...

Depreciation claim under Section 32 was allowable on actual cost of assets which the assessee paid to the erstwhile partners for taking over from a dissolved firm. It did not matter if the partners ...