24 Jul, 2025
Tax Benefits for UPS Buyers: What the New Policy May Offer The government is reportedly working on a policy to offer tax benefits for UPS buyers, aiming to promote energy reliability for households and small businesses. The move comes amid rising power outages and increased dependence on electronic devices post-pandemic. If implemented, these benefits may […]
Read More24 Jul, 2025
GST burden on bottom 50%: What the study reveals A recent CEPR study on India’s GST system has uncovered a striking imbalance: the bottom 50% of consumers bear the same GST burden as the middle 30%, despite earning far less. Meanwhile, the top 20% pay proportionally less as a share of their consumption. GST: A […]
Read More24 Jul, 2025
IDBI Bank disinvestment is nearing completion, with the government eyeing a deal by December 2025. The transaction, expected to fetch over ₹50,000 crore, could help the Centre exceed its ₹47,000 crore disinvestment target for FY 2025–26. With private players like Kotak Bank and Fairfax in the fray, let’s decode what this means for investors, tax […]
Read More24 Jul, 2025
New Income Tax Bill simplifies compliance rules The New Income Tax Bill promises a major shift for Indian taxpayers by halving the word count of the 1961 Act and reducing compliance burdens. According to BJP MP Baijayant Jay Panda, this structural overhaul aims to make tax law more understandable and enforceable for all stakeholders—especially small […]
Read More24 Jul, 2025
Karnataka Withdraws 3-Year Old Tax Arrears Demand: Impact on Traders In a major relief for small traders and retailers, the Karnataka government has officially announced that it will not pursue pending 3-year-old tax arrears under the old VAT regime. This decision came after Chief Minister Siddaramaiah’s assurance, prompting trade associations to call off their statewide […]
Read More24 Jul, 2025
MOOWR Scheme Online Application Extended Till October 2025 The CBIC has officially extended the facility for MOOWR Scheme online application via the Invest India portal till 31st October 2025. This scheme allows manufacturers to defer customs duty on imports used for export production or domestic clearance — a major relief for capital-intensive industries. What is […]
Read More24 Jul, 2025
DGFT Clarification on Para 2.12 of FTP 2023 The DGFT has recently issued a clarification regarding Para 2.12 of the Foreign Trade Policy 2023, which deals with import restrictions under the ITC (HS) classification. This update is crucial for Indian importers, customs authorities, and export-import consultants to ensure compliance with conditions laid out under Schedule […]
Read More24 Jul, 2025
Can You Claim ITC on Solar Power Used in Malls? Yes, Says AAR This was clarified by the Gujarat Authority for Advance Ruling (AAR) in a recent case involving a Vadodara-based mall operator. This blog breaks down the legal background, expert interpretation, and how businesses like malls can benefit from clean energy without losing out […]
Read More24 Jul, 2025
₹52.3 Lakh Addition Under Section 69A: ITAT Says Recheck The keyphrase Section 69A addition has again come into spotlight after a recent ITAT ruling. The case involved an unexplained cash deposit of ₹52.3 lakh, but the ITAT noted that the assessee was not grossly non-compliant and directed the Assessing Officer (AO) to conduct a fresh […]
Read More24 Jul, 2025
Congress ₹199 Cr Tax Demand: What the ITAT Dismissal Means The Income Tax Appellate Tribunal (ITAT) has dismissed the Indian National Congress’s appeal against a ₹199 crore tax assessment raised by the Income Tax Department. This key ruling brings serious implications for political party taxation under Indian law and reaffirms limits on the exemptions granted […]
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