Overview Taxation of Firms & LLPs in India Key aspects of taxation of partnership firms and limited liability partnerships are as follows. Basic Tax Rate of Firms and LLPs Partnership… Read More
EPF Scheme 2026: Can Employers Suddenly Restrict PF Contributions to INR 1,800? A question is currently circulating across HR departments, payroll teams, finance functions, and compliance forums: "Can employers now… Read More
Can an Employer Introduce New Rules After Standing Orders Come Into Force? Many employers believe that once an organization grows, management has complete freedom to issue new HR policies, amend… Read More
Madras High Court on GST Fraud Notices under Section 74 – Key Takeaways The Madras High Court, in Fastenex Private Limited v. State Tax Officer, has clarified that a GST… Read More
ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates & Penalties for Non-Filing Who Must File ITR for Assessment Year 2026-27? Filing an income tax return is mandatory in several… Read More
Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27 The Income Tax Department has introduced a new reporting field in Schedule EI (Exempt Income) for… Read More
Digital Personal Data Protection (DPDP) Act, 2023: Complete Compliance Guide, Requirements, Penalties & Implementation Framework The Digital Personal Data Protection (DPDP) Act, 2023, regulates how organizations collect, use, share, store,… Read More
Inconsistency in ITR Forms – Intentional or Merely an Oversight? The issues highlighted are genuine practical concerns arising from the current design of the ITR utilities and instructions. Based on… Read More
Form 26AS Replaced by Form 168 Under the Income-tax Act, 2025 With the implementation of the Income Tax Act, 2025, the erstwhile Form 26AS has been replaced by Form 168… Read More
Finance Bill 2026: Penalty for Non-Reporting of Crypto Transactions – Detailed Analysis The Finance Bill, 2026, has introduced a stricter compliance framework for transactions involving virtual digital assets such as… Read More