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India’s TDS on Goods Purchases: Navigating Section 194Q’s Impact on Businesses
Understand India's Section 194Q TDS on goods purchases, its thresholds, and how it impacts your business operations and compliance.
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Calcutta High Court Upholds Low Tax Effect Threshold, Dismissing Revenue Appeals
Calcutta High Court reinforces the low tax effect principle, dismissing revenue appeals and streamlining tax litigation.
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Navigating the Tax Maze: India’s New vs. Old Regimes
Navigate India's new and old tax regimes to find your best financial path for 2023-24, weighing lower rates against valuable deductions.
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Madras High Court Overturns GST Assessment on Deceased Business Owner
Madras High Court rules GST assessments cannot proceed against deceased owners, mandating fresh notices to legal heirs for proper tax administration.
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Navigating Section 54 Exemptions: A Key Strategy for Property Capital Gains Tax Savings
In India, property owners looking to sell their assets and minimize capital gains tax have a powerful tool at their disposal: the Section 54 and 54F exemptions under the Income…
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Allahabad High Court Nullifies GST Arrest Over Improper Arrest Grounds
Allahabad High Court nullifies a GST arrest, emphasizing the critical need for proper procedural safeguards and serving written grounds.
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Consumer Court Reviews Delay Condonation in Landmark Case
In a significant development within consumer protection law, Dr. Perminder Jeet Singh filed a review application on May 18, 2026, before the consumer commission. The application seeks to revisit a…
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Corporate Debtor Appeals NCLT Decision on Security Deposit and Dues Adjustment
Corporate debtor appeals NCLT decision on security deposit and dues adjustment, citing a moratorium violation during insolvency.
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Customs Slaps Major Penalty on Deblines Pvt Ltd for Cargo Non-Declaration
Kolkata, India – May 25, 2026 – M/s. Deblines Pvt. Ltd., a Kolkata-based firm, has been hit with a substantial Rs. 30,00,000 penalty following an order by the Commissioner of…
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Navigating India’s Section 56(2)(viib): The Nuances of Gift Tax on Received Assets
Understand India's Section 56(2)(viib) gift tax on received assets to avoid compliance challenges and tax liabilities.