This article explains how Section 2(24) defines “income” under the Income Tax Act and why its inclusive scope captures emerging digital earnings. It highlights judicial principles and the distinction ...

RBI’s 2025 Directions cap borrower and group exposures, tighten unsecured loan norms, and mandate portfolio diversification. The move strengthens concentration risk management and capital alignment ...

Understand how direct and indirect taxes differ in imposition, collection, and legal framework. The article highlights governing laws, authorities, and landmark Supreme Court rulings shaping tax ...

For the first time since Independence, personal income tax collections have surpassed corporate tax. The shift reflects formalisation, digitisation, and policy-driven corporate rate ...

The Tribunal held that once depreciation on goodwill is allowed in the first year, it cannot be questioned in subsequent years. Revisional powers under Section 263 were found to be wrongly ...

The draft Income-tax Rules, 2026 consolidate perquisite valuation into a single framework and significantly raise exemption ...

The Authority held that classification under HSN and GST rate cannot be determined without precise details of goods or ...

The ruling clarifies that selling a capitalised car attracts GST on the entire consideration when the seller is not a ...

The ruling holds that GST credit on construction inputs for a rental commercial property is blocked under Section 17(5)(d), ...

The High Court set aside the revisional order as it failed to consider high-pitched assessment and hardship. The matter was ...

The Authority held that even where actual land value is available through a sale deed, GST valuation must follow the deemed ...

The AAR declined to admit the application as scrutiny and adjudication on the same issue had already commenced. It held that ...