Seafarers working on foreign-flag vessels must understand that absence of tax deducted at source does not exempt them from Indian tax obligations. Their residency status, documentation, and careful record-keeping are crucial in determining tax liability under Indian law. For seafarers…
India’s decision to increase the mandatory wage ceiling for the Employees’ Provident Fund Organisation from Rs 15,000 to Rs 25,000 aims to expand social security benefits for 51 lakh workers, but will also result in smaller monthly take-home pay for…
As automatic tax deductions rise among India’s gig workers, platforms and innovative tools are making tax return filing a key part of financial management, enhancing formalisation and income recovery. For many gig workers in India, filing an income tax return…
Third-party UPI applications in India warn that a new merchant discount rate structure, enacted after the ban on platform fees, may cut into their margins, as they receive a smaller share of transaction fees on bill payments. Third-party UPI apps…
Recent high court decisions across India challenge insurers’ ability to deny claims solely based on allegations of fake driving licences, reinforcing the principle that compensation should not be automatically withdrawn without concrete evidence. India’s courts are sending a clearer message…
The Delhi High Court has upheld the validity of a GST Department search of an advocate’s office, emphasising strict data protection measures including the use of cloned data and safeguarding client confidentiality amid ongoing investigations. The Delhi High Court has…
The Reserve Bank of India plans to implement a new draft framework allowing banks to restrict only the disputed amount in cyber-fraud cases, aiming to minimise disruptions for customers and comply with court directives. The Reserve Bank of India is…
Taxpayers covered under Section 44AB of the Income-tax Act 1961 must complete their tax audit by 30 September 2026, with specific thresholds applying based on turnover and cash transactions, while navigating new filing processes for assessment year 2026-27. Tax audit…
The Gujarat High Court has clarified that tax authorities cannot block input tax credits on leasehold rights transactions that are not taxable, setting a significant precedent in GST jurisprudence. The Gujarat High Court has ruled that tax officials cannot deny…
The Delhi High Court has clarified that payments made by Indian residents to overseas entities are not inherently taxable in India, provided there is no legal connection to Indian income. The ruling challenges broad assertions by tax authorities and could…
The Supreme Court has temporarily halted a Punjab and Haryana High Court decision declaring Section 147A unconstitutional, delaying reassessment proceedings in India’s faceless tax regime until a final verdict in December 2026. The Supreme Court on Friday put on hold…
A recent ruling by the Income Tax Appellate Tribunal in Hyderabad emphasises that Section 69C applies only to unexplained expenditure, clarifying that traceable payments from bank accounts are not automatically subject to addition, even if the destination remains unclear. An…
