Articles
Income Tax
Budget 2026: 5 Major Personal Tax Changes Every Taxpayer Must Know
Union Budget 2026 introduces targeted reforms aimed at easing compliance, reducing litigation, and rationalizing personal taxation. While tax rates remain unchanged, several structural and procedural changes will significantly impact individual taxpayers, investors, and high-net-worth...
GST
Finance Bill, 2026: Key GST Reforms that will Reshape Compliance and Cash Flows
The Finance Bill, 2026 introduces a series of targeted yet impactful amendments to the GST and indirect tax framework, with a clear policy focus on compliance simplification, liquidity support, and ease of doing business.
1....
Income Tax
From Endless Revisions to Timely Compliance: The New Era of TDS/TCS Rectification
A Paradigm Shift Towards Disciplined Tax Compliance-
In India’s evolving tax ecosystem, TDS and TCS compliance has moved from being merely procedural to becoming time-bound and accountability-driven. One of the most significant recent changes is...
Income Tax
Revisionary Powers under the Black Money Act
The Black Money Act is meant to be strict.But even strict laws have limits.
The core issue
Can the tax department reopen a concluded assessment under the Black Money Act simply because it now holds a...
GST
Rule 31D under GST: MRP-Based Valuation Explained (Effective 1 February 2026)
The GST valuation framework has witnessed a significant shift with the insertion of Rule 31D of the CGST Rules, 2017, notified vide Notification No. 20/2025 - Central Tax dated 31 December 2025, effective from...
Income Tax
Section 54 is about Intent, Not Brick-by-Brick Completion
Tax law often forgets one thing: real life doesn’t move at the speed of statutes.Construction approvals get delayed. Plans change. Timelines slip.
The Kolkata Bench of the ITAT has now reaffirmed this reality in a...
Income Tax
Gujarat High Court Clarifies: Section 147 and Section 153C Cannot Be Used Interchangeably
Background: Why this Case was Important~
Under the Income-tax Act, the department has different provisions to reopen or reassess income. Two such provisions are:
• Section 147 – used when the Assessing Officer (AO) believes that...
GST
ITC Cannot Be Denied for Supplier Default!
Tripura High Court Protects Genuine Taxpayers
Input Tax Credit (ITC) is the backbone of the GST framework. For businesses, it is not an incentive—it is a statutory mechanism to avoid tax cascading.
Yet, one concern continues...
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