30 Apr, 2025
Short-Term Capital Gains Tax: What Changes Under the 2025 Income Tax Bill? The short-term capital gains tax has long impacted equity investors. Let’s break it down for investors and consultants. 🔁 Clause 196 vs Section 111A – Key Differences Feature Section 111A (1961 Act) Clause 196 (2025 Bill) Applicable Assets Listed shares, equity MFs, business […]
Read More29 Apr, 2025
Struggling with TDS mismatches? The six-year revision cap is hitting businesses hard. Large Indian industries — e-commerce, banking, IT, healthcare — are now urging the Central Board of Direct Taxes (CBDT) to ease restrictions on TDS return revision. After the Union Budget 2024 capped TDS corrections to six years, businesses are battling serious vendor disputes […]
Read More29 Apr, 2025
Introduction Determination of tax liability is critical when calculating final income tax dues. Under the Income Tax Bill, 2025, Clause 190 mirrors, yet modernizes, the concept found in Section 110 of the Income-tax Act, 1961. Let’s break it down in simple language for Indian taxpayers. What is Determination of Tax Liability Where No Tax is […]
Read More29 Apr, 2025
Introduction India leads globally in household financial discipline. With household debt in India at just 39% of GDP, we outperform major economies like the US, China, and Japan. This reflects not just cultural values, but strategic economic management, setting Indian households apart in global financial stability. What Is Household Debt? Household debt includes loans taken […]
Read More29 Apr, 2025
India’s Growing Appetite for US Crude: Tax and Trade Implications Indian refiners have sharply increased purchases of US crude oil in April 2025—just ahead of the crucial India-US trade negotiations scheduled for May. This shift isn’t just geopolitical—it has tax and compliance consequences too. Why the Sudden Rise in US Crude Imports? Tax & Compliance […]
Read More29 Apr, 2025
Will GAAR Finally Be Fair? Procedural Safeguards in Clause 183 Explained
Read More29 Apr, 2025
Introduction ISO 50001 Energy Management Systems (EnMS) offer a globally recognized framework for businesses to systematically manage and improve energy performance. Whether you are a large manufacturer or a small enterprise, adopting ISO 50001 can lead to lower energy bills, better compliance, and a stronger sustainability image — key drivers for growth in today’s competitive […]
Read More29 Apr, 2025
Introduction: GAAR and Its Growing Importance India’s approach to tackling aggressive tax avoidance has evolved. The GAAR in India, first rooted in Section 97 of the Income-tax Act, 1961, is now restructured under Clause 180 of the Income Tax Bill, 2025. What is GAAR in India? It empowers tax authorities to deny tax benefits for […]
Read More29 Apr, 2025
Introduction Ex parte tax assessment orders can seriously impact a taxpayer’s rights. Recently, a High Court set aside an ex parte order because improper service of notice violated the principles of natural justice. In this blog, we break down what went wrong, why it matters, and how you can protect yourself during tax proceedings. What […]
Read More29 Apr, 2025
Introduction ITAT rejects price-rigging allegations in penny stock cases, ruling that suspicion alone can’t justify taxation. In a recent judgment, the Income Tax Appellate Tribunal (ITAT) provided much-needed clarity for taxpayers facing scrutiny over low-cap stock gains. What Was the Case About? ITAT’s Observations: Why the Allegations Failed Legal References Quick Table: Genuine vs. Bogus […]
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