The Union Budget 2025-26 has sparked widespread interest across households, businesses, and professionals alike — and for good reason. With a clear focus on good governance, voluntary compliance, and ...

Summary: Under the new tax regime for Financial Year 2024-25, individuals with a total income up to ₹7,00,000 are eligible for a rebate under Section 87A of the Income Tax Act. This rebate is either ...

When analysing revenue recognition under Ind AS 115 and IFRS 15, one fundamental question needs to be considered which is -what exactly the entity promising to deliver? Identifying performance ...

The head office would pay the tax under RCM (₹1.8 lakh IGST) and simultaneously issues an invoice under rule 54 (1A) to the Delhi ISD for ₹10 lakh (plus ₹1.8 lakh CGST/SGST), transferring the ITC. The ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

The court focused on the revenue’s omission to collect samples during the initial inspection, despite having the authority to do so under Section 154 of the Orissa Goods and Services Tax Act, 2017.

1. This petition is directed against order dated 30.11.2023 passed by the Assistant Commissioner, State Tax, Sector-2, Karli, Chitrakoot under Section 73 of the Goods and Services Tax Act, 2017 (for ...