Tax Deducted at Source (TDS) isn’t just for large corporations. In India, small businesses and even individuals may be required to deduct and deposit TDS in specific situations. Understanding your responsibilities is crucial to remain compliant and avoid penalties. 1. TDS …
The Income Tax Department, under the Central Board of Direct Taxes (CBDT), has officially released the ITR-5 Form for Assessment Year (AY) 2025-26, covering income earned during Financial Year (FY) 2024-25. Announced on May 1, 2025, the updated form incorporates …
Fake GST Registration: In a determined move to enhance revenue collection and meet the ambitious target of Rs 51,000 crore for the current financial year, the Telangana Commercial Taxes Department has initiated a strong crackdown on fake GST registrations and …
The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 04/2025-GST dated 02.05.2025, establishing a formal Grievance Redressal Mechanism for GST registration applications allocated to the Central Jurisdiction. This move follows Instruction No. 03/2025 dated 17.04.2025, which laid out a standardized process …
In a significant ruling, the Gauhati High Court has upheld a refund of income tax deducted from the salary of a Border Security Force (BSF) officer belonging to a Scheduled Tribe community. The division bench comprising Chief Justice Vijay Bishnoi …
In a significant move aimed at supporting the trading community, Delhi Chief Minister Rekha Gupta announced that the Delhi government will soon introduce a one-time Goods and Services Tax (GST) amnesty scheme. The announcement was made during a major conference organised …
The Central Board of Direct Taxes (CBDT) has officially released ITR Form 3 for Assessment Year 2025-26 through Notification No. 41/2025 dated April 30, 2025. This move comes in alignment with the amendments introduced via the Finance Act, 2024, and aims to bring greater …
In a significant ruling, the Delhi High Court has emphasized that Goods and Services Tax (GST) authorities must approach requests for adjournment of personal hearings on medical grounds with empathy. The Court highlighted that adverse orders should not be passed …
In a significant ruling reinforcing taxpayer rights under GST law, the Delhi High Court has directed the unblocking of the Electronic Credit Ledger (ECL) of an enterprise after the statutory period of one year had elapsed. The judgment is based …
Money disputes are as old as trade itself. From handshake agreements to formal contracts, unpaid dues often lead individuals and businesses into legal battles. In India, money recovery suits offer a structured legal mechanism to recover such debts—but the process …
The Kerala High Court has declined to interfere with the Income Tax Department’s seizure of Rs 1 crore from the bank account of the Communist Party of India (Marxist) [CPI(M)] Thrissur District Committee. The funds were frozen in the Bank …
In a landmark judgment, the Orissa High Court has reaffirmed that individual legal practitioners are exempt from the levy of service tax and GST for legal services provided under specific conditions. This decision came in the case of Shivananda Ray …
A cheque bounce case occurs when a cheque, presented for payment, is returned unpaid by the bank due to insufficient funds in the drawer’s account. This is a criminal offense under Section 138 of the Negotiable Instruments Act, 1881, and can result …
When a notice is sent by registered post, there’s a legal presumption that it’s been duly served, meaning the recipient received it. This presumption is based on the assumption that the postal service will deliver the notice in the normal …
The Income Tax Department of India has officially notified ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) for the Assessment Year 2025-26 (FY 2024-25), simplifying return filing for salaried individuals, small businesses, and HUFs. 🔍 Key Highlights of the …
To file a cheque bounce case, first send a legal notice to the drawer within 30 days of the cheque bouncing, demanding payment within 15 days. If the drawer doesn’t pay within that timeframe, file a criminal complaint with the court …
In a landmark judgment dated April 8, 2025, the Bombay High Court has provided significant GST relief to homeowners undertaking redevelopment of their properties. The court ruled that Goods and Services Tax (GST) is not applicable on redevelopment projects where …
Non-Resident Indians (NRIs) investing in Indian mutual funds might legally avoid paying capital gains tax if certain Double Taxation Avoidance Agreement (DTAA) conditions are met. Let’s break down the important points you should know: DTAA and the Residual Clause: How …
In a significant judgment, the Gujarat High Court has ruled that an Assessing Officer (AO) cannot pass a best judgment assessment under Section 144 of the Income Tax Act without assigning proper reasons for rejecting an assessee’s detailed response. Failure …
In a landmark judgment, the Bombay High Court has held that reassessment proceedings initiated merely at the direction of superior authorities, without independent application of mind by the Assessing Officer (AO), are invalid in law. Background of the Case Agfa …