India's Equalisation Levy is phased out and replaced by the Significant Economic Presence (SEP) regime. This shifts the tax from a gross revenue basis to a net income ...

A guide for foreign companies on setting up a business in India. This summary covers choosing a business structure, key registrations, and compliance with RBI and FEMA ...

Over 140 executives at Eternal, parent of Zomato & Blinkit, exercised ESOPs worth ₹419 crore in two days. ITAT explains how employee stock options fuel wealth creation, align incentives, and shape ...

The ITAT has set aside a tax order, directing the CIT(A) to properly adjudicate all legal grounds raised by a taxpayer instead of remanding the case without a ...

Explore how the Supreme Court resolves the 'One Taxpayer, One Jurisdiction SC Decodes GST's Cross-Empowerment Puzzle' ...

Understand how to save capital gains tax on Joint Development Agreements (JDAs) using Sections 54 and 54F. Learn key differences and tax implications for ...

Understand what "Income from Other Sources" is and how it's taxed. Learn about common income types, deductions, and why reporting is essential for tax ...

Learn about the new GST exemption for PG and hostel accommodations. This guide covers the key rules, including the Rs. 20,000 monthly rent cap and 90-day minimum ...

Understand key income tax deductions under the Income Tax Act, including Sections 80C, 80D, and 24(b). Learn how to lower your taxable income and save ...

The ITAT Pune ruled on the Gousmahammad Anwar Gavandi case, reducing a tax addition on seized cash by accepting cash-in-hand and part of the claimed cash ...

An ITAT Pune order protects a charitable trust from being taxed on its gross receipts due to income tax return filing errors. Learn how Section 12AA registration and genuine expenses can shield ...

The Indian government has proposed GST reforms, including reducing tax slabs to 5% and 18%. This aims to simplify the structure and lower costs for daily-use ...