04 Jul, 2025
Unified Pension Scheme tax benefits: What central employees need to know From April 2025, central government employees opting for the Unified Pension Scheme (UPS) can breathe easy — the tax benefits will now mirror those under the National Pension System (NPS). This ensures parity, flexibility, and continued savings for employees looking to switch. Let’s decode […]
Read More04 Jul, 2025
Facing an Income Tax Notice? You Can Now File Form ITR-B Online If you’ve received an income tax notice under faceless assessment, there’s good news: the CBDT has introduced online filing for Form ITR-B. This new facility on the e-filing portal aims to make compliance easier for taxpayers under scrutiny, especially in reassessment or scrutiny […]
Read More04 Jul, 2025
Income Tax Exemption for Karnataka State Pollution Control Board: CBDT Notification Explained The focus keyphrase “income tax exemption” is crucial to understanding a recent development in Indian tax law. The Central Board of Direct Taxes (CBDT) has officially granted income tax exemption to the Karnataka State Pollution Control Board (KSPCB) under Section 10(46) of the […]
Read More04 Jul, 2025
IntroductionThe GST Amendment Bill in Maharashtra was recently tabled to ensure uniformity between state and central GST provisions. With this move, the Maharashtra government is updating its SGST law to reflect recent changes made under the CGST Act, helping ensure seamless compliance for businesses operating across India. Why Maharashtra Tabled the GST Amendment Bill The […]
Read More04 Jul, 2025
Title:GST fraud warning in Chhattisgarh: What taxpayers must know Meta Description:GST fraud warning in Chhattisgarh: CM alerts businesses and dealers. Learn how to stay compliant, avoid fake invoices, and protect your GSTIN. GST fraud warning in Chhattisgarh: What taxpayers must know In a recent public statement, the Chief Minister of Chhattisgarh issued a strong GST […]
Read More04 Jul, 2025
ICICI Lombard GST Reprieve: ₹1,728.86 Cr Demand Stayed The ₹1,728.86 crore GST demand against ICICI Lombard General Insurance has been stayed by the Bombay High Court, giving temporary relief to the insurer. This case highlights growing scrutiny on input tax credit (ITC) practices and commission payments in the insurance sector. Let’s simplify the issue for […]
Read More04 Jul, 2025
Automatic Refunds in Income Tax: What Clause 435 Means for You Automatic refunds in income tax have always been a taxpayer expectation — and now, Clause 435 of the Income Tax Bill, 2025 looks to formalise this even more clearly. But how does it differ from the existing Section 240 of the Income-tax Act, 1961? […]
Read More04 Jul, 2025
Personal Hearing under Customs Act: Kerala HC Reaffirms Right under Section 28(8) Mandatory personal hearing under Section 28(8) of Customs Act is not optional—even when Section 122A comes into play. This was clearly held by the Kerala High Court in a recent ruling, bringing relief to importers and exporters facing adjudication proceedings under the Customs […]
Read More04 Jul, 2025
ITR Refund for Surgery: What Taxpayers Need to Know If you’re a taxpayer waiting on your ITR refund for surgery, you’re not alone. Medical emergencies can financially cripple families — and when a significant refund is stuck with the Income Tax Department, it only adds to the stress. But can a medical situation help fast-track […]
Read More04 Jul, 2025
Patna High Court on ITC Fraud Using Nine GSTINs: Key Takeaways The focus keyphrase ITC fraud via NIL returns has triggered legal debate once again. In a significant ruling, the Patna High Court recently refused to quash proceedings against a taxpayer accused of availing fake Input Tax Credit (ITC) across nine GSTINs while regularly filing […]
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