• RBI

RBI specifies ‘Related Party’ with respect to banks

5 months ago

RBI specifies ‘Related Party’ with respect to bank RBI has issued RBI Credit Risk Management Directions, 2025 defining ‘Related Party’…

  • GST

Advisory on Filing Opt-In Declaration for Specified Premises, 2025

5 months ago

Advisory on Filing Opt-In Declaration for Specified Premises, 2025 Dear Taxpayers, The relevant declarations issued vide Notification No. 05/2025 –…

  • GST

FAQs for HSNS Cess Act, 2025 and HSNS Cess Rules, 2026

5 months ago

FAQs for HSNS Cess Act, 2025 and HSNS Cess Rules, 2026 Q1. Who is required to get registered under the…

  • Income Tax

Refusing to condone delay can result in a meritorious matter thrown out at threshold

5 months ago

Refusing to condone delay can result in a meritorious matter thrown out at very threshold against case being decided on…

  • Income Tax

Prior period income cannot be considered as income of the current year

5 months ago

When prior period expenses are not admissible as deduction, following the same principle the prior period income also cannot be…

  • Income Tax

SC condoned delay of 972 days in filing appeal due to restructuring in Department

5 months ago

Supreme Court condoned delay of 972 days in filing appeal due to restructuring in Income Tax Department In a recent…

  • Income Tax

No addition on mere valuation report when stamp duty valuation is available

5 months ago

Addition can not be made relying on the valuation report of property when the stamp duty valuation is also available…

  • Income Tax

ITAT deleted penalty for making a wrong claim of deduction u/s 54F/54B

5 months ago

Wrong claim of deduction u/s 54F/54B was not a case of concealment of particulars of income or furnishing inaccurate particulars…

  • GST

Value of taxable supply and rates notified Pan Masala / tobacco products

5 months ago

CBIC notifies GST rates and value of taxable supply for Biris, Pan Masala / tobacco products  Ministry of Finance(Department of…

  • Excise/Custom

CBIC issues SOP for wearing Body Cam by Custom officers in Baggage Clearance

5 months ago

CBIC has issued a Standard Operating Procedure (SoP) for wearing Body Cam by Custom officers responsible for Baggage Clearance According…