India’s GST e-invoicing system enforces stricter compliance deadlines and enhanced security measures for businesses with turnovers exceeding ₹10 crore, reflecting a push towards automation and fraud prevention in tax processes. E-invoicing under India’s GST system remains a hard requirement for…
The Delhi bench of the Income Tax Appellate Tribunal has sharply reduced the unexplained cash addition for Jeewan Hospital and Nursing Home Pvt. Ltd., highlighting the evolving approach to demonetisation cases and the importance of business records. In a ruling…
The Central Board of Direct Taxes has formalised a new reporting route for search-linked block assessments through the introduction of Form ITR-BN, intensifying compliance demands for taxpayers involved in search and requisition cases from April 2026. India’s Central Board of…
The Mumbai bench of the Income Tax Appellate Tribunal has held that Section 263 cannot be used to re-open assessments based solely on potential deeper inquiries, emphasising detailed prior examination by assessing officers. The Mumbai bench of the Income Tax…
The Mumbai Income Tax Appellate Tribunal has confirmed that physically and legally merged adjoining flats can qualify as one residence for Section 54 relief, providing new guidance for property tax exemptions amid evolving legal standards. India’s income tax tribunal has…
The Supreme Court will hear a petition this week challenging a tax exemption that permits political parties to receive anonymous cash donations below ₹2,000, potentially reshaping the landscape of political transparency in India. The Supreme Court is due to hear…
India’s retirement fund body is upgrading its platform to enable faster, digital access to provident fund savings through UPI and ATMs, with increased withdrawal limits and simplified claims processing slated for rollout by June 2026. India’s retirement fund body is…
Indian tax law allows siblings to transfer property as gifts without immediate tax liability, but future capital gains tax remains a consideration if the asset is sold later. Proper documentation and registration are crucial for legal and tax compliance. A…
State Bank of India and Punjab National Bank compete with largely similar tax-saving fixed deposit schemes, but differing entry points, interest rates, and payout options influence investor choices amid marginal rate variations over longer tenures. Tax-saving fixed deposits remain a…
The GST Council is set to meet in New Delhi on September 12, aiming to implement reforms that simplify the indirect tax system, including protections for input tax credit and streamlined registration processes for businesses. The GST Council is set…
Equity-linked savings schemes (ELSS) offer Indian taxpayers a unique blend of market exposure and quick lock-in periods, making them a compelling choice for tax relief under Section 80C with potential for higher returns. Among mutual fund options available to Indian…
The Kurnool District Consumer Disputes Redressal Commission has directed HDFC ERGO to settle a ₹1 crore accidental death claim after ruling that the insurer failed to establish deliberate income concealment in a case where the policyholder died in a road…
