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...

Section 54 exemption was allowed even with ₹0 invested in Capital Gain Account Scheme.

Section 54 is a beneficial provision intended to encourage investment in residential housing by granting exemption from LTCG tax. However, taxpayers often face disallowance...

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GST Notices: Types of GST Notices & How to Reply to Them?

In the ever-evolving landscape of taxation, receiving a Goods and Services Tax (GST) notice can be both perplexing and daunting. However, taxpayers can navigate...

Income tax notices and how to reply to them

What is an Income Tax Notice? Income tax notices are official communications from the Income Tax Department to a taxpayer, highlighting issues or actions related...

The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies

Navigating the complex world of startup financing can be one of the most challenging aspects for entrepreneurs. Understanding the various stages of startup funding...

LLPs and their Taxation in India

In India's fast-changing startup scene, picking the right business structure is vital. Among various options, the Limited Liability Partnership (LLP) is now a popular...

Tax Harvesting: Mastering the Art of Tax Savings

Tax harvesting is a strategic way to save on taxes by selling investments to either book gains or losses. The idea is to reduce...

SME IPOs- Revised Eligibility Criteria

SME IPOs has seen massive growth in recent years. In FY2023-24, a record 196 SME IPOs raised over Rs 6,000 crore, with 159 IPOs...

Taxation on Online Gaming in India

Understanding the taxation of online gaming in India has become increasingly important as the industry has grown rapidly, transforming from a niche hobby into...

Understanding Zero Rated Supply and Refund Process Under GST

Governments try to boost the economy, improve the balance of payments, and increase jobs. For this, the government tries to increase its exports by...

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