09 Jul, 2025
Summary Many taxpayers make the mistake of claiming ineligible deductions in their income tax return under Sections 80C, 80D or HRA. Here’s a practical guide to avoid common mistakes, prevent notices, and file your ITR accurately this year. Introduction: Why ineligible deduction claims in income tax return are risky Income tax return filing season is […]
Read More09 Jul, 2025
GST Vigilance Tightens: Madhapur Deputy STO Caught in ACB Trap The Madhapur Deputy State Tax Officer has been caught red-handed by the Anti-Corruption Bureau (ACB) in Telangana. This case shines a spotlight on the role of anti-corruption vigilance in India’s GST regime, and why honest compliance is not just ethical—but also essential for businesses and […]
Read More09 Jul, 2025
₹28.56 Lakh GST Demand on Blackbuck-Zinca: What It Means Blackbuck-Zinca Logistics has received a ₹28.56 lakh GST demand for FY 2017–18 from the authorities. The company has announced its intention to file an appeal, a move that brings attention to how GST scrutiny is tightening on logistics aggregators. Let’s break down what this tax demand […]
Read More09 Jul, 2025
Cooking Gas Import from US: What It Means for Tax, Trade & Consumers India is planning to import nearly 10% of its cooking gas from the US by 2026, as per recent government sources. This marks a major shift in sourcing strategy—and it’s not just about energy security. It has direct tax, trade, and GST […]
Read More09 Jul, 2025
Beware of E-PAN Card Fraud Emails: Income Tax Dept Issues Alert The Income Tax Department has issued an e-PAN card fraud alert, warning taxpayers against fake emails claiming to provide downloadable PAN cards. These phishing attempts often mimic government communication and lure users into clicking malicious links. Here’s what you need to know to protect […]
Read More09 Jul, 2025
New SIONs for Chemical Exports Notified by DGFT: What Exporters Should Know The focus keyphrase “new SIONs for chemical exports” takes centre stage this month with DGFT issuing three new Standard Input Output Norms (SIONs) for the chemical and allied sector. This update is crucial for Indian exporters availing benefits under the Advance Authorisation Scheme. […]
Read More09 Jul, 2025
Early PF Withdrawal Rules and Tax Impact: A Clear Guide If you’re planning an early PF withdrawal before completing 5 years of continuous service, know the tax rules first. Many salaried employees assume their Provident Fund (PF) is tax-free at any point — but that’s not always true. Let’s break down what actually happens when […]
Read More09 Jul, 2025
GST Appellate Tribunal: Panacea for Disputes? The GST Appellate Tribunal is finally seeing the light of day after years of delay. For lakhs of pending appeals under GST, this could be the much-needed solution taxpayers have waited for. With its legal foundation under Section 109–114 of the CGST Act, 2017, and constitutional backing from Article […]
Read More09 Jul, 2025
Clerical error cannot justify confiscation under Section 130 of GST Under the GST law, Section 130 of the CGST Act deals with confiscation of goods in cases of intentional tax evasion. But can a clerical mistake during transport—like a wrong invoice date or vehicle number—be treated as a valid reason to confiscate goods? Recent High […]
Read More09 Jul, 2025
Appellate Authority MCA Appointments: Key Professionals Named as Part-Time Members The Ministry of Corporate Affairs (MCA) has appointed 2 Chartered Accountants (CAs), 2 Company Secretaries (CSs), and 1 Cost Accountant (CMA) as part-time members to the Appellate Authority under Rule 6 of the Companies (Auditor’s Report) Order (CARO) Rules. This strengthens the appellate mechanism for […]
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