19 Jul, 2025
SEBI rules for Related Party Transactions: What must be disclosed? SEBI has clarified what listed companies must share with their audit committees and shareholders before approving Related Party Transactions (RPTs). This move aims to strengthen transparency and protect minority investor interests. If you’re a CFO, company secretary, or compliance officer, here’s what you need to […]
Read More19 Jul, 2025
Section 87A Rebate Not Auto-Calculated in ITR Utility? Here’s What You Must Know While filing Income Tax Return (ITR) for AY 2025–26, many taxpayers using the latest ITR utility have reported a key issue: the utility automatically calculates the rebate under Section 87A only on normal income, ignoring income taxed at special rates (like short-term […]
Read More19 Jul, 2025
Half Yearly Tax Digest 2025: Supreme Court and High Court Cases [Part XII] In this Half Yearly Tax Digest 2025, we decode key Supreme Court and High Court judgments that shaped income tax, GST, and compliance landscape. Each ruling comes with practical insights and legal references to help Indian taxpayers and professionals stay compliant and […]
Read More19 Jul, 2025
GST fraud in toy trading: ₹6.25 crore scam exposed A shocking case of GST fraud in toy trading has come to light involving a ₹6.25 crore scam. A Delhi-based firm allegedly used fake addresses and bogus e-waybills to evade taxes. The case highlights how loopholes in documentation and verification can be exploited—and why taxpayers must […]
Read More19 Jul, 2025
GST Fraud Case Akola: Trader Arrested for ₹9.97 Cr Scam A shocking GST fraud case in Akola has surfaced with the arrest of a trader for generating fake invoices worth ₹9.97 crore. The case highlights how GST evasion through bogus firms and fraudulent Input Tax Credit (ITC) continues to challenge tax authorities. Let’s break it […]
Read More19 Jul, 2025
GST Cut on Insurance Premiums: Relief for Policyholders Soon The GST cut on insurance premiums—especially life and health insurance—is being considered by the GST Council. If approved, this move could bring much-needed relief to crores of Indians paying high premiums with 18% GST. Here’s what you need to know. Why is GST Charged on Insurance? […]
Read More19 Jul, 2025
Mandatory Auto-Population of Table 3.2 in GSTR-3B from July 2025: What It Means for You Starting July 2025, the auto-population of Table 3.2 in GSTR-3B will become mandatory and non-editable, as per a new advisory by GSTN. This move aims to streamline intra-state and inter-state supply reporting, ensure accurate tax credit flow, and minimise return-filing […]
Read More19 Jul, 2025
Duty-free horse import for polo has officially been permitted by the Central Board of Indirect Taxes and Customs (CBIC) with the introduction of Entry 10A in the customs exemption schedule. Effective 19 July 2025, this marks a policy shift aimed at reviving India’s equestrian sporting traditions—specifically polo—with strategic and cultural undertones. Let’s break down what […]
Read More19 Jul, 2025
Appeal Related to Service Taxability Must Be Filed Before the Supreme Court u/s 35 of CEA: Delhi HC Ruling Explained In a recent and significant judgment, the Delhi High Court has clarified that if the dispute pertains to the taxability of a service, the appeal must be filed before the Supreme Court, not the High […]
Read More19 Jul, 2025
Half Yearly Tax Digest 2025: Major Tax Rulings You Must Know India’s tax landscape is shifting rapidly — and the Half Yearly Tax Digest 2025 confirms it. With landmark rulings from the Supreme Court and High Courts between January and June 2025, sectors like charitable trusts, indirect tax compliance, and income disclosures have seen judicial […]
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