04 Jun, 2025
What is Authority of Advance Ruling (AAR) under Karnataka GST? The Authority of Advance Ruling under Karnataka GST is a quasi-judicial body that helps taxpayers get clarity on GST applicability before they make a transaction. It plays a vital role in avoiding future disputes and ensuring tax compliance. This blog explains how the Karnataka AAR […]
Read More04 Jun, 2025
LLP Registrations Surge in May 2025 What It Means for Indian Businesses In May 2025, LLP registrations in India jumped by 37% year-on-year, setting a new benchmark for small business formation. While traditional company incorporations also rose by 29% during the same period, the overall trend for FY25 shows a 2.2% decline in company setups. […]
Read More04 Jun, 2025
Taxation of Dividend Income in India FY 2024-25 Guide Dividend income is one of the most common sources of passive earnings for Indian investors. With the rise in retail stock market participation and mutual fund investments, understanding taxation of dividend income has become more important than ever. Let’s break down the current rules, rates, and […]
Read More04 Jun, 2025
SEBI Issues Revised Investor Charter for Investment Advisers What You Must Know SEBI has issued a revised investor charter for investment advisers to strengthen transparency, protect investor interests, and ensure ethical advisory practices. This updated charter replaces the earlier format and outlines detailed rights, responsibilities, timelines for services, and grievance redressal norms. Let’s break down […]
Read More04 Jun, 2025
GST Notices Must Be Effectively Served Madras HC Ruling on RPAD Effective service of GST notice is not a procedural formality — it’s a legal necessity. In a recent ruling, the Madras High Court clarified that Revenue cannot presume valid service merely by uploading the notice on the GST portal if the taxpayer hasn’t acknowledged […]
Read More04 Jun, 2025
ITR Filing 2025 Avoid These Costly Mistakes Whether you’re a salaried employee, freelancer, or business owner, here are the most common mistakes to avoid while filing your ITR for AY 2025–26. New in AY 2025–26: Key Changes You Must Know The Central Board of Direct Taxes (CBDT) introduced several changes for this assessment year via […]
Read More04 Jun, 2025
ITR-1 and ITR-4 for AY 2025-26 Now Live with Prefilled Data The Income Tax Department has enabled ITR-1 and ITR-4 for AY 2025–26 on the official e-filing portal. You can now file these returns online using prefilled data or download the updated Excel utilities for offline filing. This update helps salaried individuals, pensioners, and small […]
Read More04 Jun, 2025
Contempt of Court in India Allahabad HC Shows Zero Tolerance In a strong signal to the legal community, the Allahabad High Court recently initiated a contempt of court case against a lawyer who accused a judge of being biased and dishonest during a bail hearing. The case, titled Haribhan @ Monu @ Ramakant v. State […]
Read More04 Jun, 2025
India’s GST overhaul is back in focus as industry bodies urge the Centre to widen the tax base and lower rates. At the heart of the demand lies a bold reform agenda—bring petroleum, electricity, and real estate under GST. Currently, these key sectors lie outside the GST net, fragmenting compliance and limiting revenue growth. Why […]
Read More04 Jun, 2025
What Does the ₹4.22 Cr CBI Case Mean for Indian Taxpayers? The recent disproportionate assets case involving a senior IRS officer booked by the CBI has stirred concerns across India’s tax and compliance ecosystem. The officer allegedly amassed ₹4.22 crore worth of unexplained assets—sparking debate on transparency within the income tax department itself. Let’s break […]
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