• Budget-2026

Union Budget 2026-27 watch Live – Highlights of direct and indirect tax proposals

3 months ago

Union Budget 2026 watch Live - Highlights of direct and indirect tax proposals. Finance Minister has presented Union Budget 2026-27…

  • Labour Laws

Supervisory with wages exceeding Rs. 18000 p.m. not a worker under Code on Wages 2019

3 months ago

A supervisor drawing wages exceeding eighteen thousand rupees per month not a worker under new Code on Wages Under the…

  • Income Tax

ITAT has power to stay order appealed, even in absence of any subsisting tax demand

3 months ago

ITAT has jurisdiction to stay an order appealed against, even in absence of any subsisting tax demand. In a recent…

  • Income Tax

Effect of reduced timeline for filing TDS Correction statements on TDS Credits

3 months ago

Effect on a common taxpayer of reduced timeline for filing TDS Correction statements on TDS Credits Income Tax Department has…

  • Income Tax

Accounting principles and provisions of law do not permit addition of opening balance – ITAT

3 months ago

Accounting principles and provisions of law do not permit the addition in relation to an opening balance - ITAT In…

  • Income Tax

Penalty for late supply of goods allowable deduction u/s 37 being not a crime or prohibited activity

3 months ago

Penalty levied for late supply of goods is an allowable deduction u/s 37 as late supply neither a crime nor…

  • Income Tax

Interest received from Cooperative banks allowable deduction u/s 80P to a Cooperative Society

3 months ago

Deduction u/s 80P(2)(d) towards interest received from cooperative banks is allowable to a cooperative society. In a recent judgment, Hon'ble…

  • Income Tax

SC to decide distinction in employees & employer contribution to PF, ESI for allowability u/s 43B

3 months ago

Supreme Court to decide difference between employees & employer contribution to PF, ESI for allowability under Section 43B of the…

  • Income Tax

No liability to collect TCS u/s 206C (1C) from person involved in illegal mining – SC

3 months ago

There is no legislative mandate to collect tax at source under section 206C (1C) from the person involved in illegal…

  • Income Tax

Receipts mentioning that it was towards corpus, donation assumed to be for corpus of trust

3 months ago

In the absence of objection by donors to receipts mentioning that donations were towards corpus, it is assumed that donations…