05 Jun, 2025
Income Tax Reassessment Quashed Delhi HC Rules TOLA Inapplicable Post-April 2021 The Delhi High Court has delivered a significant verdict for taxpayers: the Income Tax Department cannot use the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA) to extend the reassessment timeline beyond April 1, 2021. This landmark judgment invalidated […]
Read More05 Jun, 2025
GST Council May Scrap 12% Slab What It Means for YouThe GST Council may eliminate the 12% tax slab, according to reports. If approved, goods and services under 12% GST could shift to either 5% or 18% rates. This possible overhaul aims to streamline India’s GST structure and reduce classification disputes. Let’s break down what […]
Read More05 Jun, 2025
Delhi HC Section 148A Invalid If Assessee’s Reply Is Ignored In a major relief to taxpayers, the Delhi High Court recently ruled that reassessment proceedings under Section 148A of the Income Tax Act, 1961 are invalid if the taxpayer’s reply is disregarded, especially when the information is already available on the Income Tax Portal. Let’s […]
Read More05 Jun, 2025
Section 74A Adjudication Now Under Taxpayer Services Kerala SGST Update In a recent move to streamline GST adjudication under Section 74A, the Kerala State GST Department has shifted the responsibility from the Intelligence wing to the Taxpayer Services Vertical. This structural change comes with standardized show cause notice (SCN) and order numbering formats — a […]
Read More05 Jun, 2025
Aadhaar Biometric Now Mandatory in GST Chandigarh Sets Up Suvidha Kendras The Chandigarh GST Department has notified Suvidha Kendras to facilitate Aadhaar biometric authentication for new GST registrations. This move comes under the pan-India biometric pilot initiated by the GST Council and implemented by the GSTN. If you’re applying for GST in Chandigarh and your […]
Read More05 Jun, 2025
Proper Officers under TGST Act 2017 Notified What It Means for Taxpayers The Telangana GST Department has officially notified the designation of proper officers under the Telangana Goods and Services Tax (TGST) Act, 2017. This move aims to bring clarity in jurisdiction and streamline GST-related proceedings such as registration, returns, assessments, and adjudications across the […]
Read More05 Jun, 2025
Annual Filing Changes 2025 What Every Indian Taxpayer Must Know Annual filing changes introduced in 2025 are shaking up how professionals and businesses handle compliance. If you’re used to managing returns in bulk, it’s time to rethink your strategy. New regulations and tech shifts now make bulk work riskier, more time-consuming, and legally sensitive. Let’s […]
Read More05 Jun, 2025
Will the GST Council Remove the 12% Slab? The GST Council is reportedly considering a major rejig of India’s four-slab GST structure by eliminating the 12% rate. If implemented, this would simplify the current 5%, 12%, 18%, and 28% regime into a three-tier system—a move that could affect pricing, input tax credit, and compliance for […]
Read More05 Jun, 2025
Tax Audit Applicability for Professionals for FY 24–25 If you’re a doctor, CA, architect, or any other professional, knowing whether you fall under tax audit applicability for professionals in FY 2024–25 is critical. The rules differ for businesses and professions, especially with presumptive schemes like Section 44ADA in play. Who is a “Professional” under Income […]
Read More05 Jun, 2025
IntroductionTax audit applicability for business in FY 2024-25 depends on turnover, profit rate, and digital transaction limits. With rising digitisation and compliance scrutiny by the Income Tax Department, understanding when tax audit becomes mandatory is crucial for every Indian business. What is a Tax Audit? A tax audit under Section 44AB of the Income-tax Act […]
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