The article explains that stamp duty on securities is calculated based on consideration under the amended Indian Stamp Act. Since gifts involve no consideration, transfer of shares by way of gift ...

The Supreme Court stayed a judgment that held mere uploading of notices and orders on the GST portal does not amount to valid communication for appeal purposes. The final legal position on whether ...

GSTAT has extended relaxed scrutiny guidelines for portal-based appeals until 31 December 2026. The key takeaway is that this ...

The new Income-tax Act, 2025 replaces the old survey framework with a streamlined regime under Section 253. It expands ...

The guide explains that rental income derived from a property created using foreign contribution is itself foreign contribution and must be deposited only in an FCRA account. It discusses compounding ...

ITAT found that the Assessing Officer incorrectly treated consignment transactions as the assessees turnover based solely on cess payments. The ruling emphasizes that commission agents should be taxed ...

The Tribunal ruled that statements of builder group officials, without corroborative evidence against the purchaser, cannot form the sole basis for addition. The decision reinforces the principle that ...

The guide explains why NGOs, trusts, and Section 8 companies must obtain FCRA approval before accepting foreign contributions. It also details eligibility conditions, registration procedures, and ...

NCLAT held that dismissal for want of prosecution was unjustified where multiple adjournments were caused by the Tribunal due to paucity of time and technical issues. The ruling emphasizes that ...

The Madras High Court held that a taxpayer assessed under Section 62 for non-filing of GST returns can still obtain reassessment by subsequently filing the pending returns. The key takeaway is that ...

Stamp duty on indemnity bonds is not uniform across India because each state follows its own stamp legislation and amendments. The article explains state-wise rates, recent revisions, and compliance ...

The Tribunal held that once a Section 35D claim was accepted in earlier years, it could not be disallowed in the final amortization year without disturbing the original allowance. The disallowance of ...