By: AdminFebruary 04, 2025Categories: Income Tax News | News4 Min Read Staying on top of tax compliance deadlines is crucial for individuals and businesses in India. Missing key dates can…
Royalty is Not a Tax but a Contractual Payment
By: AdminFebruary 05, 2025Categories: Important Pronouncements4 Min Read Overview The Hon’ble Chhattisgarh High Court, in the case of Mahesh Sharma v. Union of India [WPT No. 151 of 2024], reaffirmed…
Key Updates in GSTR-1/1A: HSN Summary Simplified
By: Admin, AAERM Law AssociatesDate: January 23, 2025Categories: GST, GSTR Compliance Updates The government has introduced significant changes to the filing process of GSTR-1/1A. These updates aim to enhance accuracy…
GSTN Issues Advisory on Availing Input Tax Credit (ITC) and GSTR-2B Compliance
By: AdminDate: January 22, 2025Categories: GST Law, GSTN Report, Important NewsReading Time: 4 Min Introduction: GSTN Resolves Duplicate Entry IssueThe Goods and Services Tax Network (GSTN) has issued an advisory…
Budget 2025: Experts Call for Simplified Tax Structure and Green Building Incentives to Boost REITs
By: AdminJanuary 21, 2025Categories: Tax NewsReading Time: 4 Minutes The Union Budget 2025 is expected to include reforms that simplify tax structures, introduce green building incentives, and enhance the appeal…
Accused Cannot Be Kept in Custody Beyond 60 Days Without Filing Complaint Under GST Laws
By: Admin Date: January 15, 2025 Categories: Important Pronouncements Reading Time: 4 Minutes Introduction The Hon’ble Delhi High Court, in Commissioner of Central Tax, GST v. Adesh Jain [CRL. M.C.…
Tax Relief for the Middle Class: Rising Demands Ahead of Budget 2025
By: AdminDate: January 13, 2025Category: Tax NewsReading Time: 4 Minutes Growing Momentum for Tax Relief As Budget 2025 approaches, demands for tax relief for India's middle class are gaining momentum.…
New Tax Rule: Avoid Tax Deduction on Purchases from IFSC Sellers
By: AdminDate: January 6, 2025Categories: TAX NewsReading Time: 4 Min The Ministry of Finance has introduced a new rule, effective January 1, 2025. This rule allows buyers to avoid tax…
ICAI Advocates for Concessional Tax Regime for Partnership Firms
By: AdminDate: January 6, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI) has put forth a recommendation for a special concessional tax regime…
Direct Tax Vivad Se Vishwas Scheme: Submit Declaration by Dec 31 to Avoid Higher Tax Costs
By: AdminDate: December 30, 2024Categories: Income Tax News | NewsReading Time: 4 Minutes The Vivad Se Vishwas Scheme, introduced during the Budget 2024 speech by Union Finance Minister Nirmala Sitharaman,…