Practical guide to the Income-tax Act, 2025 transition, covering Section 536, TDS, new forms, tax audits, challans and pending proceedings.The post Two Income-tax Acts in One Year: What Practitioners Need to Keep Straight appeared first on TaxGuru.
Explore TDS liability, ownership rights, Benami Act exceptions and AIS reporting when one buyer funds a jointly registered property.The post Joint Property Purchase Funded by One Buyer: TDS, Ownership and Benami Implications appeared first on TaxGuru.
Three GST amendments effective 1 November 2026 change post-supply discounts, credit notes, provisional IDS refunds and small export refunds.The post GST Amendments Effective 1 November 2026: Discounts, Credit Notes and Refunds appeared first on TaxGuru.
Can legal heirs transfer GST ITC after a proprietor's death? Understand ITC-02, registration cancellation, stock liability and succession rules.The post When a Proprietor Dies, Does Their GST Input Tax Credit Die Too? appeared first on TaxGuru.
Allahabad HC grants conditional bail in a ₹7.11 crore gold case, noting the filed complaint, no criminal history and no material showing trial risks.The post Allahabad HC Grants Bail to Woman Accused of Carrying ₹7.11 Crore Foreign-Marked Gold appeared first on TaxGuru.
Gauhati HC quashes GST registration cancellation, permits pending returns within 30 days and retains liability for tax, penalty, interest and late fees.The post Gauhati HC Quashes GST Registration Cancellation Based on Vague Show Cause Notice appeared first on TaxGuru.
NCLAT Delhi rejects recall and stay-only impleadment pleas in an insolvency professional’s disciplinary appeal, imposing ₹7 lakh aggregate costs.The post Unproved Affidavit Fraud Cannot Justify Recall Disguising Review: NCLAT Delhi appeared first on TaxGuru.
Madras HC orders desealing within 48 hours on a stock undertaking; inventoried goods cannot be sold or disposed of without prior permission.The post GST Search: Business Premises Cannot Remain Sealed Indefinitely When Goods May Deteriorate: Madras HC appeared first on TaxGuru.
ITAT Patna remanded an assessment involving ₹40 lakh property payments and a ₹1.5 lakh Section 80C claim for fresh inquiry and verification.The post ITAT Patna Orders Fresh Assessment of ₹40 Lakh Property Investment Additions Due to Lack of Verification appeared first on TaxGuru.
NCLT Mumbai admits a personal guarantor’s Section 94 petition involving ₹1.65 crore default and declares a Section 101 moratorium.The post Personal Guarantor Unable to Repay Bank Dues Can Seek Insolvency Resolution Under IBC: NCLT Mumbai appeared first on TaxGuru.
Gujarat HC dismissed Revenue’s appeal, holding unjust enrichment inapplicable to refunds from provisional assessments finalised before 13 July 2006.The post Unjust Enrichment Inapplicable to Pre-Amendment Provisional Customs Assessment Refunds: Gujarat HC appeared first on TaxGuru.
CESTAT Delhi restores service tax demand on a builder, relying on pen-drive records, signed printouts and reaffirmed statements despite delayed retraction.The post Delayed Retraction Cannot Negate Reaffirmed Statements and Signed Electronic Records: CESTAT Delhi appeared first on TaxGuru.
GSTAT Lucknow upheld deletion of a ₹1.89 lakh confiscation demand where invoices, returns and reconciled records explained delayed stock entries.The post Mere Delayed Stock Entries Backed by Invoices Cannot Justify Confiscation: GSTAT Lucknow appeared first on TaxGuru.
GSTAT Thane set aside unreasoned ITC demands and appellate orders, directing fresh adjudication with a fair hearing and all issues open.The post GST ITC Cannot Be Denied Solely on Retrospective Cancellation of Supplier Registration: GSTAT Thane appeared first on TaxGuru.
Gujarat HC allows ₹5.41 lakh GST refund on peculiar facts of delayed APL-04 upload, with 6% interest from 15 August 2024.The post Physical Appellate Order Communication Ordinarily Starts GST Refund Limitation: Gujarat HC appeared first on TaxGuru.
Some equity mutual funds go beyond domestic stocks to invest in foreign securities, REITs and InvITs. WhiteOak Capital Dividend Yield Fund tops the list with 79.4% combined exposure to REITs and InvITs. Here are 10 funds with notable exposure to these assets.
The 8th CPC is consulting employees, pensioners and other stakeholders before submitting recommendations on pay, allowances, benefits and pensions. As it reaches close to one year since constitution, we take a look at the top 10 updates.
Aadhaar update fees depend on the type of change, age and method used. Biometric updates are free for specified age groups, while demographic and document updates incur a fee. Check the deadlines for free biometric, email and online document updates before applying.
A man received ₹16 lakh from his mother after she sold gold jewellery, but the Income Tax Department questioned the cash deposits. The Jaipur ITAT deleted the ₹13.04 lakh addition after examining the gift deed, jewellery valuation and supporting evidence.
Sovereign Gold Bond investors have earned nearly 209% returns as RBI fixes the SGB 2020-21 Series I redemption price at ₹14,159 per gram. A ₹1 lakh investment is now worth around ₹3.09 lakh. Check returns, interest earnings and tax rules
The Karnataka High Court has upheld amendments to EPS-95 pension rules, rejecting retirees' plea against lower pension payouts. The ruling clarifies changes to pension calculations, including early retirement reductions, and their impact on EPFO members.
Mutual funds bought shares worth thousands of crores in September 2026. Reliance Industries, Swiggy and Gland Pharma led purchases across large-, mid- and small-cap categories. Check the top five stocks in each segment, according to Value Research.
The CBIC has issued new GST registration guidelines for 2026, clarifying documents, approval timelines and verification rules. Eligible applicants can get GST registration within three working days, while tax officers face limits on unnecessary queries.
BIS hallmark and six-digit HUID number can help buyers verify gold jewellery through the BIS Care app before purchasing it for Dhanteras.
Checking your CIBIL score does not lower it, and a high salary does not guarantee a better score. From credit checks to loan approvals, here are three common credit score myths borrowers should know to avoid mistakes and improve their loan eligibility.
Videographing a will’s execution can help establish the testator’s mental capacity, voluntary consent and compliance with execution formalities, but cannot guarantee legal validity.
India's first tokenized bonds worth ₹1,025 crore mark a shift in bond trading. A PPFAS report explains how blockchain technology, digital rupee settlement and Demat 2.0 could speed up transactions, reduce settlement risks and benefit investors.
Karva Chauth is an occasion when many couples shop for jewellery, and lab-grown diamonds are gaining popularity as an alternative to natural diamonds. Experts explain GST, making charges, capital gains tax, and resale value, and how these compare with natural diamond jewellery.
A woman's ₹4.41 lakh share investment generated ₹92 lakh in sale proceeds, but the Mumbai ITAT rejected her capital gains exemption claim and upheld additions of nearly ₹95 lakh. Here's why bank statements and demat records failed to establish her case.
Swiggy renewed accident and health insurance for more than 25 lakh delivery partners for FY25-26. The programme, provided with IndusInd General Insurance, includes accidental death and hospitalisation cover.
Credit limit tracking for businesses that sell goods or services on credit, delayed payments are an everyday challenge. While credit sales can help increase revenue and strengthen customer relationships, excessive outstanding payments can put serious pressure on cash flow. If these payments remain uncollected for too long, they can eventually become bad debt. This is
What is Field Force Management and Why Does Your Business Need It? Field Force Management is a distributed sales team is among the most complex operational challenges a growing business can face. When your sales representatives are scattered across different territories, tracking their daily activities, optimising their travel, and ensuring they meet targets using methods
The UP FSDA Pharmacy Website Rule 2026 introduces new transparency requirements for pharmacies in all retail chemists and hospital-linked pharmacies. The tentative implementation date is 1st November, 2026. As per the reported mandate, medical stores must publish their drug license details, pharmacist information, address details, and available stock on a public website. The website must
[Finance Minister Nirmala Sitharaman chaired the 57th GST Council Meeting on 8th October 2026 and announced significant changes to GST Reforms 2026 and compliance, effective from 1st April 2027. Major amendments cover changes in arrest and prosecution under Section 69, an increase in the prosecution threshold from Rs. 1 Crore to Rs. 5 Crore under
Orders keep coming in; sales people visit clients and customers. Inventory moves between locations. Payments are collected. New orders are booked. And somewhere in the middle of all this, the business owner often asks the same question; “What is happening in my business right now?” For businesses with multiple outlets, distributors, warehouses or field sales
Your sales team is selling or wasting hours in administrative tasks and tracking clients’ addresses? Think about it. Industry data reveals that sales teams spend around 28% to 38% of their working hours on actual selling in a week. The rest is consumed by tracking inefficiencies, manual reporting, and administrative tasks. To optimise your sales
Accounting and inventory management software with AI and integrations are the need of the hour. But the question that often needs proper market research and understanding is choosing between cloud-based or desktop version of billing software or selecting a hybrid one with both. Too much reliance on any one of them might affect data security
If you are a pharmacy owner, you know how different it is to manage a medical store than managing any other retail shop. Knowing how many units of medicines are available are not enough, you need clear visibility for; Which batch is in stock. When that batch expires. How much quantity remains. Which stock should
Purchase invoices are an essential part of every trading, distribution, retail, and manufacturing businesses. But entering invoice details manually into an accounting or ERP system can consume significant time, especially when businesses process hundreds or thousands of vendor bills every month. From typing vendor details and invoice numbers to entering product quantities, rates, taxes, and
Traditional distribution businesses rely on manual entries, notebooks, printed price lists, sales persons for order management, and more. Major loss causing factors are; Data Entry Mismatches and Mistakes Inaccuracies in Inventory Management Higher Labour Costs Operational Bottlenecks Damaged Customer Loyalty The industry is moving from traditional to digital order management. It allows salespeople to capture
You cannot copy content of this page