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GST Multi-State Registration Made Simpler: One Master TRN for Multiple States GST Portal introduces a new facility to streamline registration applications across States and Union Territories Businesses expanding their operations across multiple States in India have received a useful compliance simplification. With effe
GST Search at Advocate’s Office: Client Confidentiality Cannot Mean Unrestricted Access to Digital Records Delhi High Court lays down safeguards while permitting examination of seized computer in GST investigation The search of a lawyer’s office during a GST investigation raises a difficult question: where does the inv
GST 2.0: From Tax Collection to Taxpayer Convenience – Big Process Reforms on the Agenda Simpler registration, lower penalties, easier ITC and fewer notices could change the way GST is administered GST was introduced with an ambitious objective: “One Nation, One Tax, One Market.” Over the years, however, the tax has de
Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It? In India, gold is not merely a metal. It is an emotion. It is a wedding tradition, a family heirloom, an emergency fund and, sometimes, a financial plan disguised as a necklace! A daughter gets married, and suddenly the old jewellery stored... The
“The issue is not merely of convenience but of audit quality” – Representation for Early Extension of the Tax Audit Report filing Due Date Extension by THE TAX TALK BY EMAIL / SPEED POST To, Respected Smt. Nirmala Sitharaman ji Finance Minister Government of India North Block, New Delhi – 110001. Email: nsitharaman@nic
Tax Compliance Tracker – October, 2026 1. Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due Dates 1 Due date for deposit of tax deducted/collected for the month of September 2026. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central
Section 54F: Buying a House from Your Spouse Can Still Qualify for Exemption Mumbai ITAT says a genuine, fully paid transaction cannot be branded a colourable device merely because the buyer and seller are spouses Can you claim exemption under Section 54F if you purchase a residential house from your own spouse? The an
Tax Audit & ITR Due Dates Extended: CBDT Gives 21-Day Relief for AY 2026–27 A welcome extension, but not for everyone The last few days of September are usually the most hectic period for tax professionals. With tax audit reports, reconciliation of books, GST data, TDS/TCS information, AIS, financial statements and inc
Income Tax Demand Recovery: Can the AO Attach Your Bank Account While Your Appeal Is Pending? Yes – potentially. Filing an appeal does not, by itself, put the tax demand into suspended animation. This is one of the most misunderstood aspects of income-tax litigation. An assessee may have filed an appeal against an... T
Section 147A: Supreme Court Steps In — What Does It Mean for Reassessment Proceedings? The controversy surrounding the jurisdiction of the Assessing Officer to issue reassessment notices under Sections 148 and 148A of the Income-tax Act, 1961, has now reached the Supreme Court in a significant manner. The Punjab & Hary
Capital Gains: One Rate, Many Rules! “What is the capital gains tax rate?” It sounds like a simple question. And, for Long Term Capital Gains (LTCG), the answer is broadly simple: 12.5%. But when it comes to Short Term Capital Gains (STCG), the answer depends upon the asset and the applicable special provisions. The...
₹11.22 Crore Addition and 500 Trees: An Unusual Second Chance by ITAT Chandigarh Tribunal Gives One Final Opportunity-But Links Relief to Plantation of 500 Trees What would you do if a tax dispute involving more than ₹11 crore came with an unexpected condition? Explain the unexplained money-and plant 500 trees. That is
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