Premiums paid for critical illness, surgical care, or similar covers are eligible for deductions up to ₹25000 under Section ...

Immovable Property: If any immovable property is received without consideration and the stamp duty value (‘SDV’) exceeds ...

The ‘on money’ gets surfaced during search and surveys in the form of loose sheets, chits, diaries, whatsapp chats, ...

The Allahabad High Court (Lucknow Bench), in the case of Prem Traders v. State of Uttar Pradesh, quashed an order issued under Section 73 of the Central Goods and Services Tax Act, 2017. The court ...

Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is liable to be quashed in as much as source of funds for purchasing crypto currency duly explained.

One of the main reasons individuals like to apply for credit cards online is the convenience they provide. Instead of going ...

The Competition Commission of India (‘Commission’/ CCI) is empowered to inquire into such anti-competitive agreements, and to ...

The courts and CBEC instructions consistently held that pre-deposit under Section 35F of the Central Excise Act must be in ...

As the name suggest IFRS is a globally recognised set of standards that enable best accounting/ reporting practices and is ...

Long-Term Capital Gains (LTGC): Gains from selling REITs unit held for more than one year are taxed at 10% ( for gains up to ...

The essence of the buy-back violation is the under reporting of loans/ non-convertible debentures by fraudulently increasing the „ free reserves‟ of the company. If the same had been correctly ...

On May 23, 2025, the Reserve Bank of India (RBI) issued Circular No. 06 under the A.P. (DIR Series), directing Category-I Authorised Dealer Banks regarding the reporting of partly paid units issued by ...