01 Aug, 2025
August 2025 Tax Deadlines You Can’t Miss August 2025 tax deadlines are crucial for Indian individuals, businesses, and deductors. From TDS deposits to extended ITR filing dates, this month carries multiple compliance obligations under the Income Tax Act, 1961. Missing even one can trigger interest, late fees, or scrutiny notices. This blog brings you the […]
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ITC Blocking Under Rule 86A: What’s Going Wrong? The focus keyphrase ITC blocked beyond 10% has drawn major scrutiny in recent GST litigation. While Rule 86A of the CGST Rules allows officers to block Input Tax Credit (ITC) in suspected cases of fraud or ineligibility, blocking the entire credit without proportionality—especially beyond 10% of the […]
Read More01 Aug, 2025
GST Compliance Calendar August 2025 Filing GST returns on time is key to staying compliant and avoiding penalties. This GST Compliance Calendar for August 2025 helps taxpayers, consultants, and businesses track all important GST due dates in one place. Whether you’re a regular taxpayer, a composition dealer, or involved in e-commerce, this guide is tailored […]
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Category III AIFs Get Tax Relief: What the Delhi HC Ruling Means The Delhi High Court has granted major tax relief to Category III AIFs, ruling on 29 July 2025 that a 2014 CBDT circular is ultra vires. This brings down the tax rate from the Maximum Marginal Rate (MMR) of 40% to just 12.5%, […]
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80P Deduction on Bank Interest: ITAT Clarifies Co-op Society Eligibility In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has once again upheld the eligibility of co-operative societies to claim 80P deduction on bank interest, reinforcing an important relief available under the Income-tax Act, 1961. This ruling brings clarity on a common point of […]
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Supreme Court on Final Adjudication Orders A Substantive Safeguard The final adjudication order is not a procedural formality—it is a constitutional safeguard. This was the key takeaway from a recent Supreme Court ruling that emphasized the role of adjudication in protecting the taxpayer’s rights under the principles of natural justice. Let’s break down what this […]
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Income Tax Notice for Old Returns: What they Must Know A 75-year-old man recently received an income tax notice for a return filed 10 years ago. Naturally, this raised questions: can the I-T Department go back so far? What are the rules for reopening assessments, especially for citizens? Let’s break it down. Why You May […]
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Why GST Notices Are Being Sent to Unregistered Vendors in Karnataka Over 7,000 businesses across Karnataka have received GST notices from the state tax department. The reason? They’re operating without GST registration, despite clearly crossing the threshold limit. This crackdown is part of a larger compliance drive to plug revenue leakages and bring informal players […]
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Faceless adjudication under GST begins in Kerala The Kerala State GST Department will roll out a faceless adjudication system under GST from Friday, August 2, 2025, as a pilot initiative. This move aligns with the Centre’s larger goal of enhancing transparency, reducing personal interface, and speeding up indirect tax dispute resolution. What is Faceless Adjudication […]
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UPI Taxation Rules: What’s Changing for the Informal Sector? The UPI taxation rules are at the centre of growing unease in India’s informal economy. With increasing scrutiny of digital transactions by the Income Tax Department and GST authorities, small traders, street vendors, gig workers, and freelancers are asking — is UPI still safe for day-to-day […]
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