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In today’s digital-first environment, physical paperwork has rapidly become a thing of the past. Whether you're filing statutory returns,...

💡 "You can’t disallow what was never claimed. No exempt income, no disallowance — simple as that." 📘 Introduction Section 14A of the...

In the ever-changing world of business, staying competitive and overcoming daily challenges can feel overwhelming—especially for small...

In today’s fast-moving business world, managing financial risks isn’t a luxury—it’s a must. Whether you’re running a startup or an...

For decades, a widely used trick to convert black money into white was deceptively simple: buy farmland using cash and undervalued...

Income is a vital aspect of everyone’s life, influencing lifestyle, savings, and investments. In India, understanding different income...

If you're a salaried employee , you have access to several powerful tax exemptions and deductions that can help reduce your taxable...

Understanding income tax is crucial for every citizen in India. It’s a direct tax  levied by the government on income earned by...

🔍 What is an HUF? A Hindu Undivided Family (HUF)  is a unique feature of Indian law that allows a family consisting of all persons...

Section 54F  of the Income Tax Act, 1961 offers capital gains exemption  when the gains from a long-term capital asset  (other than a...

The GST regime empowers tax authorities with sweeping recovery powers, especially when tax remains unpaid. Among these, Section 79(1)(c)...

A recent case providing interim relief in GST matters is that of The Bombay Dyeing & Manufacturing Company Ltd. vs. State of Maharashtra...

In the intricate maze of GST compliance, one recurring challenge faced by honest businesses is the denial of Input Tax Credit (ITC)  due...

In the world of tax compliance, one of the most frequently litigated topics  is the allowability of PF/ESI contributions  — especially...

📌 Introduction In tax audits, one of the most common disallowances is under Section 40(a)(ia) —for non-deduction or non-payment of TDS ....

The Indian government’s thrust toward a digital economy took a sharp turn in 2019 with the introduction of Section 194N of the Income Tax...

In today’s digital economy, the government has put a strong emphasis on curbing cash transactions. One of the key sections enforcing this...

Section 69C  empowers tax authorities to deem unexplained expenditure as income if the assessee fails to offer a satisfactory...

✍️ Introduction With the Annual Information Statement (AIS)  now tracking every high-value cash deposit , many taxpayers are receiving...

📜 Introduction Section 68 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to treat any unexplained cash credit in the...