16 Jul, 2025
India’s Women Chartered Accountants: From 8% to 30% in 25 Years The keyphrase “Women CAs in India” isn’t just about numbers. It’s a story of silent persistence. Over the last 25 years, the proportion of Women CAs in India has jumped from just 8% to over 30%, according to data from the Institute of Chartered […]
Read More16 Jul, 2025
Safari Retreats vs CENVAT Credit Rules – A Misfit? The focus keyphrase CENVAT Credit Rules has recently returned to the limelight as taxpayers try to invoke the Supreme Court’s decision in Safari Retreats Pvt. Ltd. v. Chief Commissioner of CGST (2019) to justify input credit under older CENVAT Credit Rules, 2004. But here’s the legal […]
Read More16 Jul, 2025
Bank Accounts Frozen under PMLA: What You Can (and Can’t) Do In a recent case, the Delhi High Court rejected a plea to de-freeze ₹5 crore, pointing out that the petitioner had access to other unfrozen funds and failed to prove urgency. The case highlights a growing trend of bank account attachments under the Prevention […]
Read More16 Jul, 2025
Income Tax Refund Time in India: From 93 Days to Just 17 According to latest CBDT data, the average income tax refund time has reduced drastically—from 93 days in FY 2013-14 to just 17 days in FY 2023-24. This marks a major compliance and tech leap for India’s tax administration, offering welcome relief to lakhs […]
Read More16 Jul, 2025
Cash Deposits During Demonetisation Not Taxable If Disclosed Cash deposits during demonetisation have triggered several tax notices since 2016. But the Income Tax Appellate Tribunal (ITAT) has clarified that such deposits are not taxable under Section 68 if the assessee can explain the source. This ruling provides relief to taxpayers who declared cash honestly during […]
Read More16 Jul, 2025
Section 80P deduction for late ITR filing: What cooperative societies need to know A recent ITAT ruling has clarified that Section 80P deduction can’t be denied merely because of late ITR filing, giving relief to thousands of cooperative societies across India. The focus keyphrase “Section 80P deduction” is central here — and if your society […]
Read More16 Jul, 2025
Automatic Stay Under Section 107 of GST: Delhi HC Clarifies Major Relief for Taxpayers Under Section 107 of the GST Act, a taxpayer can appeal against an order passed by an adjudicating authority. But what happens after filing the appeal and making the pre-deposit? Can the department still attach your bank account? The Delhi High […]
Read More16 Jul, 2025
GST Slab Rationalisation: What It Means for You The idea of GST slab rationalisation has been under discussion since the early days of GST implementation. With the Union Home Minister now stepping in to build consensus before the next GST Council meeting, this reform may soon become a reality. But what does rationalisation really mean […]
Read More15 Jul, 2025
IntroductionTax refunds under direct taxes and GST have grown steadily in the April–June quarter of FY 2025–26. While this indicates faster processing by the Income Tax Department and GSTN, it has also impacted India’s net tax collection figures. Here’s what it means for taxpayers, consultants, and small businesses. Direct Tax Refunds: Key Numbers and Trends […]
Read More15 Jul, 2025
GST Data Leak Scam: What Traders Need to Know In a shocking revelation, a leading chartered accountants’ body has alleged a GST data leak scam, where officials are reportedly leaking confidential taxpayer data to business rivals for personal gain. The scam raises serious questions about data privacy, misuse of government platforms, and risks for honest […]
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