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Applicability of the Income-tax Act, 2025 from May 2027 CA Exams Onwards

Author
CA DR Vinay Mittal
09/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 2157
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What the Announcement Says (from Institute of Chartered Accountants of India — BOS) The Income-tax Act, 2025 has received Presidential assent on 21 August 2025. The Act will come into force from 1 Apr...

Merger, Demerger and Income-tax Applicability – A Brief Overview

Author
CA. Ajay Kumar agarwal
09/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 4708
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Merger, Demerger and Income-tax Applicability – A Brief Overview 1. Concept of Merger (Amalgamation)In income-tax law, a merger is treated as an “amalgamation” as defined in section 2(1B) of the Income-tax...

Addition under Section 69 read with Section 115BBE – Cash Deposits During Demonetisation – Rate of Tax Prior to 01.04.2017 – ITAT Chandigarh Decision

Author
CA. Ajay Kumar agarwal
09/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 865
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Addition under Section 69 read with Section 115BBE – Cash Deposits During Demonetisation – Rate of Tax Prior to 01.04.2017 – ITAT Chandigarh Decision Shri Dilbag Singh v. ITO Ward-1, KaithalITA No. 924/Cha...

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A

Author
CA DR Vinay Mittal
08/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 768
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Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10ADec 5th, 2025Dear Taxpayers,As per Rule 10A, taxpayers (except those registered under TCS, TDS, or Suo-moto registrations...

RBI has issued a new notification regarding Reserve Bank of India (Payments Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

Author
CA. Ajay Kumar agarwal
08/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 961
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RBI has issued a new notification regarding Reserve Bank of India (Payments Banks – Undertaking of Financial Services) (Amendment) Directions, 2025(Click here to view)  CASE LAW: - Income Tax Act,1961 ...

Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents

Author
CA. Ajay Kumar agarwal
08/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1779
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Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents The concept of Foreign Tax Credit (FTC) in Indian tax law is rooted in the principle that the same income ...

FAQs on GSTR -9/9C for FY 2024-25

Author
CA DR Vinay Mittal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 3484
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FAQs on GSTR -9/9C for FY 2024-25Dec 4th, 2025Additional list of Frequently Asked Question along with the response has been compiled in response to comment received from various channel. The additional FAQ dt 4-12-2025...

Advisory on reporting values in Table 3.2 of GSTR-3B

Author
CA DR Vinay Mittal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 897
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Advisory on reporting values in Table 3.2 of GSTR-3BDec 5th, 2025 Table 3.2 of Form GSTR-3B captures the inter-state supplies made to unregistered persons, composition taxpayers, and UIN holders out of the ...

Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage

Author
CA. Ajay Kumar agarwal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 952
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Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage Dr. Manoj Khanna v. Income Tax Officer, CRL.M.C. 7461/2025 (Delhi High Court, 2 December 2025) In a sig...

Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act

Author
CA. Ajay Kumar agarwal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 2217
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Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act The concept of Peak Cash Credit is a judicially recognised method used by tax authorities and courts to determine the real...