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A company named M/s Arjun Engineering Co. submitted the writ petition under Article 226 of the Constitution of India, in the Delhi High Court, against the Additional Commissioner of Goods and Services Tax, North Delhi. On November 22, 2025, the case was determined. The hearing was accomplished in hybrid mode, i.e., both online and offline. […]
As per Notification No. 38/2025 issued by the CBDT, companies cannot claim tax deductions for money spent on settling cases involving violations of key financial and competition laws. According to the CBDT, expenses incurred to resolve proceedings under four specific laws will not be considered business expenses. Such statutes are: the Securities and Exchange Board […]
In the recent Gujarat state budget, an initiative has been announced that will take effect on Friday, following the completion of administrative processes. “Under the new scheme, a person buying an electric vehicle will be required to pay just 1 per cent as vehicle tax. For instance, a vehicle with a base price of ₹12.49 […]
The Delhi High Court provided relief to the German cargo airline Lufthansa by overturning the Revenue’s order that denied the company a nil TDS certificate for the fiscal year 2024-25. Section 195 of the Income Tax Act, of 1961, deals with the deduction of TDS (Tax Deducted at Source) on payments incurred to non-resident Indians […]
Ernst & Young mentioned that the Union Budget 2025-26 must give priority to furnishing tax relief before the common taxpayers via raising the basic exemption limit in the updated tax regime and lessening the compliance load on small and medium enterprises. It was recommended by the global consulting firm that the basic exemption threshold in […]
The Indian income tax system has provisions for individuals and businesses to claim relief when they have paid taxes in a foreign nation. This relaxation is given under Section 90 of the Income Tax Act. To seek this assistance, Form 67 is used. This article explains the concept of relief under Section 90, emphasises the […]
Smartphone manufacturers are optimistic about a recovery in demand, driven by tax relief in the budget 2023-24 that should encourage middle-class customers to purchase more gadgets. Experts in the market predicted that shipments, especially in the entry-level market, might increase by as much as 3%. Tax experts stated that Consumption demand and industrial growth across […]
From the forthcoming budget, the salaried people secure much more expectations, and taxes relief is a major concern. In India, from 5% the personal income tax has been started and then goes to 42.74% along with the surcharge and cesses. As compared to other countries like Hong Kong (15%) Sri Lanka (18%), and Singapore (22%), […]
International Day of Persons with Disabilities appears on Dec 3 which seems to assist the right the well-being of people who are held with some sort of disabilities. The person who lives with the kind of disability or furnishing towards the maintenance or any medical treatment of the disabled family member can avail of both […]
