India’s Income-tax Act, 1961 adopts an inclusive and anti-avoidance definition of “dividend” under Section 2(22).

Section 263 Order Passed in Name of Non-Existent Company Held Void

In a significant judgment dated 27 January 2026, the Gujarat High Court quashed a reassessment notice issued under Sections 148A and 148 of the Income Tax Act in the case of Guruvayur Infratech Pvt. Ltd. vs ACIT (AY 2021-22).

If your goods are moving on roads, the GST department usually checks only two things first: What document is travelling with goods (Tax Invoice / Bill of Supply / Delivery Challan / Bill of Entry), and Whether the e-way bill data matches that document.

Minimum Alternate Tax (MAT) was introduced to tax “zero-tax companies” that reported good profits in books but paid little or no income tax due to exemptions and incentives. With the Finance Bill, 2026, MAT itself has been re-engineered. The Government now wants most companies to move to the simpler, concessional corporate tax regime (like 22%/15% rates without exemptions).

From FY 2023–24 onwards, delayed payments to Micro & Small enterprises can hit you twice: Under Income Tax (Section 43B(h)) – expense gets disallowed if you miss the MSME time limit. Under MSMED Act – you may have to pay hefty compound interest to the MSME supplier.

India’s food and agriculture sector is one of the most incentivised sectors under Government policy. From micro food units to large processing plants and cold chains, multiple Central and State subsidy schemes are currently operational to promote value addition, reduce post-harvest losses, and formalise the food ecosystem.

Investing in securities such as shares, mutual funds, bonds, and derivatives has become common for Indian taxpayers. However, taxation of securities is one of the most misunderstood areas of income tax, and a small classification error can lead to tax demand, interest, penalty, or scrutiny.

In India, gold and jewellery are not just investments — they are emotion, tradition, security, and status.

🎁 Taxation of Gifts under Income Tax Act (Section 56(2)(x)) ❗ Gift = Income? YES, Sometimes Many people believe gifts are always tax-free. 👉 Wrong assumption — wrong reporting leads to notices & penalties . 🔍 What Does the Law Say? If a person receives money, property or assets without consideration or for inadequate consideration , it may be taxable as “Income from Other Sources” . 💰 Gift in Cash 🟢 Not taxable if total gifts ≤ ₹50,000 in a financial year 🔴 Taxable i

🔍 What is a Bill-to Ship-to  Transaction? A transaction where: 📄 Invoice (Bill-to)  is raised on one party 🚚 Goods (Ship-to)  are delivered to another party 👉 Very common in trading, EPC, textile, and inter-state deals ⚖️ Legal Provision As per Section 10(1)(b) of the CGST Act, 2017 ➡️ It is treated as two separate supplies  for GST purposes. 🔄 How the Transaction Works 1️⃣ Seller → Bill-to Party  (Deemed supply) 2️⃣ Bill-to Party → Ship-to Party  (Actual delivery) ✔️

What is disclosed and taxed cannot be treated as “income escaping assessment”.

કાયદા, કેસલૉ અને વ્યવહારિક દૃષ્ટિકોણ સાથે સંપૂર્ણ વિશ્લેષણ

Even when normal tax is NIL, MAT can still be payable.

On 13th December 2025, the Central Board of Direct Taxes (CBDT) released an important Press Release that every taxpayer in India must read carefully.

Understanding Income Tax In India – A Practical Guide For Taxpayers (updated 2025)

Gujarat High Court Invalidates Time-Barred Section 148 Notice

A partnership firm’s ownership and tax liability continue until it is legally dissolved. The sale of a firm’s property must be taxed in the firm’s hands, not in the hands of its partners, even if the business has been discontinued.

#CBIC #GST #GSTamnesty #Breaking #Relief #Notification #pressrelease #GSTR1 #GSTR3B The CBIC vide Notification No. 19/2021- Central Tax,...

#IndiaFightsCOVID19 #Notification #CBEC #import #customduty #cess #relief The Central Government, on being satisfied that it is necessary...