Income Tax
Finance
India’s Wholesale Inflation Goes Double-Digit
Twelve months ago, you could have called wholesale inflation in India a non-event. September 2025 came in at 0.13% year-on-year. Then September 2026 arrived at 11.39%, up from 9.92% in August.
Look at what has...
Income Tax
Charity Does Not Guarantee Tax Exemption
When an educational institution serves a charitable purpose, does that automatically entitle it to a property-tax exemption? The dispute involving Jai Hind Sindhu Education Trust before the Bombay High Court shows why the answer...
GST
GST’s Next turning point
Wider input tax credit, faster refunds and changes to enforcement: the latest GST recommendations go beyond tax rates and focus on how businesses experience compliance.
The 57th GST Council meeting, held on 8 October 2026,...
News & Events
RBI Repo Rate Hike: Impact on Corporate India
The Reserve Bank of India’s monetary policy decisions have implications that extend beyond the banking sector. A 25-basis-point repo rate hike may appear modest, but its impact on businesses can be significant, particularly for...
Income Tax
8 Completely Legal Tax-Free Incomes in India (Valid Even Under the New Tax Regime)
In a system where most deductions are removed under the new tax regime, one thing still remains powerful incomes that are inherently tax-free.
These are not loopholes or aggressive tax strategies, but explicit exemptions under...
Company Law and IBC
When Cash Beats Value: The Hidden Rule Driving India’s Biggest Insolvency Battle
In the world of Indian conglomerates where ambition meets capital and scale defines power a new corporate drama is unfolding. One that reads less like a boardroom transaction and more like a courtroom thriller.
At...
GST
When a Solar Inverter Went to Court… and Won a 5% GST Battle
What if a simple device sitting quietly in your solar setup, your inverter; became the center of a ₹120 crore tax dispute?
That’s exactly what happened in a landmark case before the Karnataka High Court....
Articles
Delayed ITR Verification and Denial of Section 80P Deduction: A Critical Analysis of ITAT’s Ruling
The ITAT Bangalore, has once again addressed a recurring procedural issue with significant substantive consequences; whether a delay in verification of the ITR can justify denial of deduction under Section 80P.
This ruling carries...
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