24 Jun, 2025
Is Friendly Tax Compliance in India Just a Buzzword? Friendly tax compliance in India has been a repeated promise from the Finance Ministry in Union Budgets and press conferences. It aims to build trust, reduce litigation, and encourage honest taxpayers. However, many professionals, CA firms, and small businesses still face complex rules, sudden notices, and […]
Read More24 Jun, 2025
TDS on Rent under Section 194I A Simple Guide Paying rent? Then you must know about TDS on Rent under Section 194I. This section makes it mandatory for certain tenants to deduct tax before paying rent to the landlord. Let’s break this down clearly. Who must deduct TDS on Rent? Under Section 194I of the […]
Read More24 Jun, 2025
SEZ Domestic Sales Duty Forgone — What’s Proposed? The SEZ domestic sales duty forgone debate is back in focus. Recently, the Department of Commerce requested the Ministry of Finance to allow Special Economic Zone (SEZ) units to sell a part of their production in the domestic market on a duty forgone basis. Under current rules, […]
Read More24 Jun, 2025
Supreme Court on GST Bail Security What You Must Know Recently, the Supreme Court on GST bail security strongly criticised the misuse of bail conditions by GST defaulters. The apex court pulled up the Madras High Court for imposing unrealistic bail security to secure tax dues, instead of deciding bail purely on legal merits. Let’s […]
Read More24 Jun, 2025
GST in India: Positive Experience, Scope for Improvement Goods and Services Tax (GST in India) has simplified indirect taxes for millions of businesses. Yet, after almost 8 years, many taxpayers still face compliance challenges and procedural bottlenecks. This blog explains the positives, the pain points, and practical ways to manage GST better. How GST Improved […]
Read More24 Jun, 2025
Summary Indian exporters need not pay Service Tax on export commission when there’s no direct contractual link with the foreign agent, as clarified by courts. This reduces export costs and aligns with India’s policy to boost foreign trade. Learn more with Efiletax’s expert support. Why No Service Tax on Export Commission? Indian exporters often pay […]
Read More24 Jun, 2025
Introduction Order passed without proper show cause notice violates natural justice and is often quashed by courts. Many taxpayers face sudden GST, income tax or penalty orders without fair hearing. Let’s break this down simply and see what you can do. When is an Order Invalid Due to Lack of Proper Notice? Under Indian tax […]
Read More24 Jun, 2025
Allahabad HC Ruling No Legal Mechanism for Unlisted OFS Shares Capital Gains Before 2024 The recent Allahabad High Court ruling has brought significant relief for taxpayers dealing with unlisted OFS shares. The Court quashed an income tax notice stating there was no legal mechanism to compute capital gains on such shares before the 2024 amendment. […]
Read More24 Jun, 2025
RBI revises priority sector lending norms for Small Finance Banks (SFBs), giving them relief from FY 2025-26. The Reserve Bank of India has announced that the Priority Sector Lending (PSL) target for SFBs will be reduced from 75% to 60% of Adjusted Net Bank Credit (ANBC). Let’s break this down in simple terms. What is […]
Read More24 Jun, 2025
Centre’s new tax appeal thresholds to ease litigation burden The Centre’s new tax appeal thresholds are set to reduce unnecessary tax litigation in India. Recently, the Ministry of Finance directed the Income Tax Department to withdraw tax appeals below the updated monetary limits within three months. This move aims to declutter courts and offer relief […]
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