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Reference Case:The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, in the case of ACIT v. Abhishek Kumar Garg (ITA Nos. 372 & 451/LKW/2020),
The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, in the case of ACIT v. Abhishek Kumar Garg (ITA Nos. 372…
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CBIC GST CIRCULAR | SIX IMPORTANT CLARIFICATIONS Circular No. 266/12/2026-GST dated 28 October 2026 clarifies GST treatment of six important service-related issues
CBIC Issues Crucial GST Clarifications for Banking, Shipping, and Leasing Sectors. The Central Board of Indirect Taxes and Customs (CBIC)…
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Is your profit above 5 crores, is CSR applicable to you, and you are not able to understand what to do
Understanding CSR Applicability: Is Your Company Compliant with Section 135 ? Corporate Social Responsibility (CSR) is no longer just a…
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Income Tax Compliance Update: CBDT Notifies New Rules and Form 112A for the Merger of Registered Non-Profit Organisations The Central Board of Direct Taxes (CBDT) has issued Notification No. 139/2026 dated 30 October 2026, enacting the Income-tax (Eighth Amendment) Rules, 2026
This amendment establishes a formal regulatory framework for the amalgamation of charitable trusts and non-profit organisations (NPOs) under the Income-tax…
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If you also supply two or more goods or services together and pay a lower GST rate of 5% or even less, then this information is for you. A GST notice is coming your way
GST Classification: The Financial Implications of Mixed Supplies: Under the Goods and Services Tax (GST) framework, the classification of bundled…
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If you have 1 Lakh Rupees and you want to invest it for 20 years, and you want to know what the value of your 1 Lakh will be after 20 years, then this is for you.
The Illusion of Nominal Growth: An investment of Rs 1,00,000 in equities yielding a 12% Compound Annual Growth Rate (CAGR)…
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A new category for eligible service providers under Section 10(2A) is now available on the GST portal
Subject: Regulatory Update – Introduction of Separate Category for Section 10(2A) under the GST Composition Scheme Dear Professional Colleagues and…
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GST UPDATE | RCM EXPANDED FROM 1 NOVEMBER 2026! Reverse Charge Mechanism (RCM) extended to four additional categories of goods supplied by an UNREGISTERED person to a REGISTERED person
The Central Board of Indirect Taxes and Customs (CBIC) has expanded the scope of the Reverse Charge Mechanism (RCM) under…