30 May, 2025
Govt to Ease Advance Authorisation Scheme Rules for Exporters The Advance Authorisation scheme is likely to get a major compliance boost, with the Indian government proposing simpler, faster norms to help exporters deal with global headwinds. As per recent reports from official sources, the Directorate General of Foreign Trade (DGFT) and the Ministry of Commerce […]
Read More30 May, 2025
SEZ Exemptions India Not Automatic – Legal Lessons for Businesses India’s Special Economic Zones (SEZs) are designed to be engines of economic growth, attracting investment and boosting exports through a liberal and business-friendly regulatory framework. A cornerstone of this framework is the attractive package of tax and duty benefits. However, many businesses and professionals might […]
Read More30 May, 2025
Why Your Tax Assessment Notice Matters Calcutta HC View Tax assessments are a fundamental part of India’s tax system, ensuring compliance and accurate revenue collection. However, the process isn’t just about figures; it’s also about following due procedure. A recent ruling by the Calcutta High Court highlights a critical aspect of this procedure: the mandatory […]
Read More30 May, 2025
Retirement Just Got Tax-Friendly CBDT Hikes Gratuity Exemption Limit Gratuity exemption ₹5 lakh is now officially allowed even under the new tax regime from FY 2024–25 onwards. This change, clarified by CBDT in a recent circular, gives a major boost to retirees who opt for the simplified tax regime under Section 115BAC(1A). Let’s decode this […]
Read More30 May, 2025
UPI and GST Why Rajnath Singh Calls Them India’s Biggest Economic Wins At the 2025 CII Annual Summit, Defence Minister Rajnath Singh called UPI a “global game-changer” and GST a “model of trust”. His remarks reflect India’s rising stature in the digital and tax reform landscape—where two of the country’s biggest economic innovations are setting […]
Read More30 May, 2025
CBDT Adds Sikkim to ITR-3 & ITR-5 Forms for Section 80-IE Deductions In a recent move to ensure accurate representation of eligible states, the CBDT has issued a corrigendum to the ITR-3 and ITR-5 forms for AY 2025–26. The update adds “Sikkim” as item “ah” in Schedule 80-IE, enabling eligible businesses in Sikkim to now […]
Read More30 May, 2025
Samsung India Tax Evasion Case What You Need to Know The spotlight is back on multinational corporations and their tax practices in India. Recently, Samsung India executives challenged a ₹675 crore tax evasion penalty imposed by the Income Tax Department. The case has reached the courts, raising questions about how such large penalties are determined […]
Read More30 May, 2025
Service Tax Not Applicable on University’s Rental Income CESTAT Ruling Explained In a significant relief for educational institutions, the CESTAT Delhi Bench has ruled that service tax is not applicable on rental income earned by universities from letting out space to banks, telecom companies, or post offices. This ruling offers clarity on a long-disputed issue […]
Read More30 May, 2025
Paying Home Loan Interest? Here’s How You Can Save on Income Tax If you’re paying home loan interest, you might be eligible for income tax deductions under key sections of the Income-tax Act, 1961. Whether you’re a salaried individual or a small business owner, claiming the right deductions can significantly reduce your tax burden. Let’s […]
Read More30 May, 2025
MCA Rulings on Director Duties and Stakeholder Protection The Ministry of Corporate Affairs (MCA) plays a central role in strengthening corporate governance in India. Its rulings directly impact director responsibilities, stakeholder protection, and the broader compliance ecosystem for companies under the Companies Act, 2013. Whether you’re a company director, compliance officer, or corporate consultant, staying […]
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