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If you are an NRI and you have rental income, interest income, and capital gain income in India, should you file an ITR in India or not
Tax Filing Requirements for Non-Resident Indians: Compliance and Benefits: A common misconception among Non-Resident Indians is that an absence of…
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Reference Case:ITA Nos. 732, 733 & 734/Kol/2026 Assessment Years: 2013-14, 2014-15 & 2016-17/M/S SLVPL Venture Pvt. Ltd/Vs. DCIT, Circle-7(1), Kolkata/ncome Tax Appellate Tribunal (ITAT), Kolkata Bench
Summary of the Dispute: a) The Re-assessment: The Income Tax Department initiated reassessment proceedings against the Assessee under Section 147…
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If you have recently incorporated a new company, make sure to do these things without fail; otherwise, you could face heavy penalties.
Post-Incorporation Compliance Checklist for Founders: Securing your certificate of incorporation is only the initial step. To ensure legal compliance and…
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Reference Case Name: T. Stanes and Company Limited vs. Sulakshana SN, JCCT (Appeals) Mangaluru/APL/12/BUR/2026/September 29, 2026/
Fact: The appellant, T. Stanes and Company Limited, generated an e-way bill for a consignment with an actual transit distance…
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If you are going to file the GST 3B return for September 2026, make sure to keep these important points in mind before filing.
1. Electronic Credit Reversal & Reclaimed Ledger: This ledger tracks the lifecycle of temporarily reversed Input Tax Credit (ITC). Review…
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M/s AT Creations vs. Commercial Tax Authorities/Karnataka High Court/Petitioner : Saleem Fathima Asma Jan/DOJ/19 August 2026
The Karnataka High Court has set aside an ex parte assessment order passed against M/s AT Creations, ruling that the…
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If you are an export service provider or a freelancer, then this is for you.”
RBI’s formal EDF FAQ is still awaited, but banks have started publishing their EDF procedures. I read AU Small Finance…
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If you are registered under GST and taking GST compliance lightly, this is a critical wake-up call for your business
The GST Department has initiated a comprehensive audit covering four consecutive financial years from FY 2021–22 to FY 2024–25. The…
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In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Nagpur, deleted a Rs 14.90 lakh penalty imposed on a salaried taxpayer under Section 271D for accepting cash loans from friends and relatives.
Case Background & The Legal Dispute: Under Section 269SS of the Income Tax Act, 1961, taxpayers are strictly prohibited from…
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Can a Fixed Deposit beat a Mutual Fund in a volatile market
Fixed Deposits vs. Mutual Funds in Volatile Market: Ongoing market volatility, investors frequently question whether Fixed Deposits (FDs) are outperforming…