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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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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…
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Reference Case: Dr. Agarwal’s Health Care Ltd. v. Deputy Commissioner of Income Tax (DCIT) | ITAT Chennai
The Income Tax Appellate Tribunal (ITAT), Chennai, has quashed a reassessment order against Dr. Agarwal’s Health Care Ltd., reaffirming that…
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If your portfolio is also in the red and you are feeling very nervous, and you are a long-term investor, then you should implement a few things mentioned below
Managing Portfolio Volatility: Strategic Asset Allocation for Long-Term Wealth Preservation: Market fluctuations require a disciplined, systematic approach to portfolio management…
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If you are a salaried employee and paying rent to your mother to claim HRA, you could get into trouble. Make sure to keep these few things in mind before claiming HRA so that the process goes smoothly for you
The Risks of Non-Compliant HRA Claims Involving Family Members: Many salaried individuals believe that securing human resources approval on a…