SC Clarifies IT Deduction u/s 36(1)(viii) in NCDC Case
Supreme Court rules that only profits directly derived from long-term loans qualify for Section 36(1)(viii) deduction. Dividend, bank interest, service fees excluded.
Category: Articles
Foreign Assets/ Income Disclosure in ITR: 2025 CRS/FATCA Rules Guide
Complete guide to reporting foreign assets and income in India under CRS & FATCA. Learn how to file Schedule FA, FSI & TR to avoid penalties. Updated 2025.
SC Strikes Down 25-Year CA Experience ITAT Requirement
Supreme Court declares the 25-year experience requirement for Chartered Accountants’ appointment to ITAT as unconstitutional, arbitrary, and discriminatory.
RBI 2024-25 Handbook: Key Insights on State-wise Data
Discover RBI’s 2024-25 Handbook of Statistics on Indian States. Access state-wise data on GDP, tourism, exports, NPS, and APY. Explore new tables and policy trends.
Delhi HC Warns Tax Departments on AI Hallucinations in Tax Notices
Delhi HC cautions tax authorities to verify AI-generated citations in GST/IT notices. AI aids tax research but needs human oversight.
GSTR-9C Reconciliation FY 2024-25: Applicability, Threshold & Checklist
GSTR-9C applicability (>₹5 Cr), self-certification for FY 2024-25, due by Dec 31, 2025, new tables (12B,17), late fee calculation, ITC Rule 37/37A & doc checklist.
GSTR-9 Annual Return: Filing Requirements, Documents Checklist (FY 2024-25)
GSTR-9 FY 2024-25 filing guide: Exempt turnover ≤₹2Cr, due date Dec 31 2025, new tables (6A1,8A,9) added, HSN rules, GSTR-1A auto, late fees & doc checklist.
LLP Registration Online in India 2025: Guide (Process, Fees, Documents Required)
Complete guide to register LLP online in India 2025 ✓ Step-by-step process ✓ Latest MCA fees ✓ State-wise stamp duty ✓ 10–15 days timeline. Start your LLP now!
MSME Udyam Registration Online: Complete Guide for 2025
Step-by-step 2025 guide to free Udyam Registration – revised classification limits, zero-document process, latest tax benefits, enhanced credit guarantees, and government schemes. Register instantly on the official portal.
Revised Capital Gains Account Scheme: Digital Payments, Banks List, 54GA Exemption
CBDT has amended the Capital Gains Account Scheme through two notifications 161/2025 and 162/2025. New features include digital payment, expanded authorised bank list, Section 54GA, and key compliance changes.