04 Aug, 2025
GST Section 67(1) Misuse: Gujarat Traders Raise Concerns Gujarat traders are raising alarm over the alleged misuse of GST Section 67(1), claiming routine business inspections are turning into harassment. This has reignited debate over the balance between tax enforcement and business ease under the GST regime. What is GST Section 67(1)? Section 67(1) of the […]
Read More04 Aug, 2025
Intro:Direct tax disputes in India have jumped by a staggering 198% in recent years, raising concerns over tax administration and litigation overload. A key driver behind this spike is the increasing number of vacancies in the Income Tax Department, which affects both assessments and grievance redressal timelines. Why Are Direct Tax Disputes Rising? Several systemic […]
Read More02 Aug, 2025
Rebate on Market Gains in ITR: What Taxpayers Must Know If you made stock market profits last year, your ITR filing needs special care. A key point most investors miss: rebate on market gains is not auto-applied. You must claim it correctly while filing your return — or you may end up paying more tax […]
Read More02 Aug, 2025
Why GST Notices to Unregistered Vendors Matter The GST notices to 7,000 unregistered vendors across Karnataka mark a major state-wide crackdown. The Karnataka Commercial Tax Department has flagged vendors supplying to registered businesses without GST registration — a clear violation under Section 24 of the CGST Act, 2017. If you or your clients supply goods/services […]
Read More02 Aug, 2025
Faceless GST Adjudication Pilot: Key Reform Explained This move aims to reduce personal interaction, bring transparency, and streamline GST assessments and penalty proceedings. What Is Faceless GST Adjudication? Faceless GST adjudication is a process where: Objective: Curb discretion, ensure uniformity, reduce corruption, and enable e-governance. Pilot Rollout: What We Know So Far Feature Details Start […]
Read More02 Aug, 2025
Intro Paragraph:Chandigarh GST collection dipped 5% in July 2025, clocking in at ₹221 crore compared to ₹232 crore in July 2024. This decline raises important questions about local consumption trends, tax compliance, and sectoral performance under GST. GST Collection in Chandigarh: July 2025 Snapshot Metric July 2024 July 2025 Change Total GST Collected ₹232 crore […]
Read More02 Aug, 2025
Intro:Facing DSC not functioning in CA login while uploading the Tax Audit Report? You’re not alone. Many Chartered Accountants have reported this issue on the Income Tax e-filing portal. The same DSC works fine for individual login but fails under the professional login. Here’s a step-by-step guide to resolve this. Why DSC Fails for CA […]
Read More02 Aug, 2025
Dismissal of Rectification Application: When Is Hearing Mandatory? If your rectification application under Section 154 is dismissed without modifying the original assessment order, the tax authorities are not bound to grant a personal hearing, says a recent Income Tax Appellate Tribunal (ITAT) decision. This principle matters for taxpayers filing rectification requests—especially when relying on procedural […]
Read More02 Aug, 2025
Income Tax Bill 2025: Why It’s in the News The Income Tax Bill 2025 is being pitched as a major reform—focused not on changing tax rates, but on simplifying the archaic language of the Income-tax Act, 1961. As per BJP MP Baijayant ‘Jay’ Panda, the Bill is almost final. Only a “few hundred words” remain […]
Read More02 Aug, 2025
Income Tax Exemption under Section 10(46) for Three Key Institutions The CBDT has granted income tax exemptions under Section 10(46) of the Income-tax Act, 1961 to three public institutions — Haryana State Pollution Control Board (HSPCB), All India Council for Technical Education (AICTE), New Delhi, and West Bengal Municipal Development Fund Trust (WBMDT). These exemptions […]
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