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Understanding Foreign Assets Income Tax Notices and Schedule FA Compliance
Learn about foreign assets income tax notices, Schedule FA disclosures, Section 131 and 148 proceedings, and the Black Money Act regulations.
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Telangana High Court Allows Physical GST Registration Revocation Amid Portal Failures
Telangana High Court permits businesses to file physical GST registration revocation applications when online portals fail, ensuring fairness for taxpayers.
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Maruti Suzuki India Ltd Tax Appeal Decision Explained
Explore the official legal appeal involving Maruti Suzuki India Limited and the Commissioner of Customs regarding service tax demands and penalties.
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Income Tax Appeals: A Detailed Comparison Between The 1961 And 2025 Acts
Explore the key differences in appeal filing, timelines, and hierarchies between the Income Tax Acts of 1961 and 2025.
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How to Justify a ₹50 Lakh Cash Deposit in Bank: A Step-by-Step Guide
Financial authorities across India have intensified scrutiny on large cash deposits, specifically targeting transactions reaching the ₹50 lakh threshold in bank accounts. According to official reports, depositing substantial amounts of…
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Form 48: Accountant’s Report for International & Specified Domestic Transactions
Learn how the new Form 48 streamlines transfer pricing disclosures and compliance for your international and specified domestic transactions.
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Understanding ITC Reversal and Reclaim under GSTR-3B: Key Guidelines for Taxpayers
Tax authorities across jurisdictions have introduced comprehensive guidance regarding the Input Tax Credit (ITC) reversal and reclaim mechanism under GSTR-3B forms. The updated framework clarifies how registered businesses must report…
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Understanding GST Rule 86B: The 1% Cash Payment Requirement and Compliance FAQs
Learn how GST Rule 86B impacts your business and discover who is exempt from the mandatory one percent cash payment requirement to ensure compliance.
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Tax Professionals Highlight Ongoing Compliance Hurdles Despite GST Portal Upgrades
Discover why Indian tax professionals still face major GST compliance hurdles and data glitches despite recent portal upgrades.
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CBDT Introduces Form 49 for Simplified Electronic Safe Harbour Applications Starting April 2026
The Central Board of Direct Taxes (CBDT) has announced the upcoming introduction of a unified tax document designated as Form 49, effective April 1, 2026. This new administrative instrument replaces…