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