GST
Is a Solar power project taxable at 5% as a composite supply, or at 18% as a works contract?
For years, solar EPC contracts were stuck in a GST grey area of 5% or 18%?
That uncertainty has now been put to rest....
Income Tax
₹22,257 Crore Offshore Gain | ITAT Reaffirms Treaty Protection Over Indirect Transfer Rules
ITAT’s Landmark Ruling in the eBay Singapore–Flipkart Case
At the heart of the dispute was whether India can tax ₹22,257 crore of capital gains merely...
Latest Articles
Income Tax
New Thresholds for Perquisites & Medical Benefits – G.S.R. 555(E)
The Ministry of Finance recently introduced the Income-tax (Twenty Second Amendment) Rules, 2025 through Notification G.S.R. 555(E), redefining key thresholds related to perquisites and...
GST
Cabinet Approves Blanket Ban on Online Money Games
In a landmark move, the Union Cabinet has approved legislation imposing a blanket ban on online money games. This decision has sent shockwaves across...
Income Tax
Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors
Introduction
The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...
Income Tax
AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute
A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology...
Income Tax
Advance Tax Payment
Advance tax may seem tricky, but knowing the basics can help you manage your money. This knowledge can also prevent surprises at the end...
Income Tax
How Family Transfers Can Impact Your Tax Bill – Clubbing of Income
Have you ever thought that gifting an asset to a family member might save you tax? Think again! The Income Tax Department has laid...
Company Law and IBC
Incorporating a Wholly Owned Company in India
India is a lucrative destination for foreign investors looking to expand their business presence. One of the most popular ways for foreign entities to...
Company Law and IBC
Section 139 of the Companies Act, 2013
When it comes to running a company, transparency and accountability are key. One of the pillars supporting these values is the role of auditors....
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