GST became payable under Reverse Charge Mechanism (RCM) when a registered person rents a commercial property from an ...

Notification exempts certain payments from TDS for businesses in IFSC, with specific conditions and obligations outlined for ...

Want to file your ITR without hiring a Chartered Accountant? If you're a salaried individual with simple income sources, ...

A larger bench of the Delhi High Court will decide whether Section 149(1)(c) of the Income Tax Act 1961, inserted vide a 2012 amendment to provide an extended period of reassessment for cases ...

The IRS on Monday issued interim guidance regarding the application of the Sec. 55 corporate alternative minimum tax (AMT). The guidance in Notice 2025-27 provides an optional simplified method for ...

The doctrine of res judicata—which prevents the same issue from being litigated multiple times—plays a pivotal role in civil law.However, its application in the context of income tax assessments is ...

Securities transaction tax: No GST is levied by the stock broker on the Securities transaction tax because it is a pure reimbursement. The full amount is remitted to the concerned authorities by the ...

"Expenses (like rent, electricity, Internet, etc) should be directly related to the profession. Proper records and proofs ...

Notably, while certain payments to applicable persons may become subject to increased withholding as of January 1, 2026, the increased tax rates and the Super BEAT apply to an applicable person ...