While filling GSTR-1, it has been noticed that many taxpayers facing technical issues while filing GST returns in May mainly due to problems in Table 12 (HSN-wise summary for B2B supplies) and Table 13 reporting.
The government has made the new tax regime even more attractive by increasing the rebate under Section 87A to Rs 60,000. This single change has made income up to Rs 12 lakh completely tax-free under the new regime.
Explore India's vibrant startup ecosystem - from what defines a startup to key players like Zomato and Sequoia, government schemes, funding stages, valuation methods, and the crucial role of Chartered Accountants in securing startup funding and ensuring compliance.
11 June 2025
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This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.
A Taxpayer paid Self-Assessment Tax above Rs.10,000 in the AY 2024-25, from the detail of Self-Assessment Tax payment, the IT department issues notices to a Taxpayer in the AY 2025-26.
Corporate tax is a direct tax imposed on the net income or profits of corporations and similar entities derived from their business activities. The regulations governing corporate tax are outlined in Federal Decree-Law No. 60 of 2023, which amends certain provisions of Federal Decree-Law No. 47 of 2022 concerning the taxation of corporations and businesses.
The hallmark of judicial propriety lies in reasoned orders. The Indian judiciary, through consistent pronouncements, has emphasized that every order-especially appealable ones-must reflect an application of mind, adherence to principles of natural justice, and transparency in the reasoning process.
One Person Company (OPC) is a popular business structure in India, as it gives the benefits of a private limited company while maintaining full control.
In a decisive regulatory move, the Reserve Bank of India (RBI) has instructed Indian companies with unresolved issues in their past Overseas Direct Investment (ODI) transactions to settle such cases by August 25, 2025.
Confused about Advance Tax and whether you're required to pay it this month? In this fictional yet informative Q&A between Arjuna and Krishna, discover the what, why, and how of Advance Tax for AY 2026–27.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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