06 Jun, 2025
Intro:Income tax notice in spam folder and missed replying? You’re not alone. In a recent case, the Income Tax Appellate Tribunal (ITAT) ruled that an ex-parte order passed without proper service of notice violates the principle of natural justice. Why This Case Matters The ITAT has set a clear precedent:If an assessee is not properly […]
Read More06 Jun, 2025
Summary Mismatch between Form 16 and Form 26AS may result in denial of exemptions like HRA or LTA. A recent ITAT ruling clarifies that disallowance without AO verification is invalid. Taxpayers can seek re-verification and relief if mismatch is due to employer error. Mismatch Between Form 16 and Form 26AS: What You Must Know Form […]
Read More06 Jun, 2025
Intro Paragraph:The HSN summary in GSTR-1 is a crucial compliance step for GST filers. As per CBIC’s latest advisory, exports fall under the B2C category. Let’s break it down with clarity and legal backing. CBIC Clarification on HSN Summary in GSTR-1 The Goods and Services Tax Network (GSTN), following CBIC’s direction, has issued validations for […]
Read More06 Jun, 2025
Third Party Motor Insurance Premium May Rise by 25% in FY26 Third party motor insurance premium for Indian vehicles is set to increase by 18% to 25% in FY 2025–26, based on a proposal under consideration by the Ministry of Road Transport and Highways (MoRTH). This follows recommendations from IRDAI—India’s insurance regulator—to revise rates in […]
Read More06 Jun, 2025
Hostel Services Exempt from Service Tax CESTAT Ruling Explained The focus keyphrase hostel services by coaching centres recently gained attention after the CESTAT Delhi Bench ruled that such services are not liable to service tax. This blog simplifies the judgment, explores its legal roots, and helps coaching institutions understand the impact. What Did the CESTAT […]
Read More06 Jun, 2025
ITAT Relief to IMA Kerala Key Takeaways for Tax-Exempt Professional Bodies The focus keyphrase “ITAT relief to IMA Kerala” has gained traction after the Income Tax Appellate Tribunal (ITAT), Cochin bench, ruled in favour of the Indian Medical Association (IMA), Kerala State Branch, offering relief from a ₹1.81 crore tax demand for AY 2016–17. This […]
Read More06 Jun, 2025
Lawyer Arrested for Forged High Court Orders What Are the Tax & Legal Implications? A shocking case from Mumbai has thrown light on a growing concern in India’s legal ecosystem—fraud by professionals. A sessions court recently denied bail to a lawyer who allegedly forged Bombay High Court orders and swindled ₹2.57 crore from a client. […]
Read More06 Jun, 2025
12% GST Rate Was Always Meant to Be Transitional When GST was launched in 2017, the government introduced five slabs: 0%, 5%, 12%, 18%, and 28%. But few taxpayers realize that the 12% GST rate was only a stopgap measure. It was not meant to last forever. In fact, official records and CBIC statements have […]
Read More06 Jun, 2025
Intro Paragraph:The Special Economic Zones (Amendment) Rules, 2025 bring a strategic boost to semiconductor manufacturing in SEZs and ease land usage norms. As notified by the Commerce Department in June 2025, these changes align with India’s ‘Make in India’ and chip self-reliance mission. What Changed in SEZ Rules 2025? Here’s a simplified overview of the […]
Read More06 Jun, 2025
India-Bhutan Food Safety Agreement What It Means for Indian Businesses On May 28, 2025, the Food Safety and Standards Authority of India (FSSAI) and Bhutan’s Food and Drug Authority (BFDA) officially signed an agreement under the Ministry of Health and Family Welfare to strengthen cooperation on food safety standards. This move goes beyond diplomacy. It […]
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