Afarmer from Rewari, Haryana, has won a landmark battle before the Delhi Income Tax Appellate Tribunal, securing a ruling that could benefit thousands of landowners across India who received interest on enhanced land acquisition compensation. The tribunal, in Ramavtar v. Income Tax Officer, Ward-1(3), Rewari (ITA No. 140/Del/2026), ruled squarely in favour of the assessee, …
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Introduction In a significant move to simplify compliance and promote ease of doing business, the GST regime introduced Rule 14A, offering a GST registration process for small taxpayers. This provision is designed specifically for businesses whose monthly output tax liability remains below a specified threshold, providing them with expedited GST registration within just three working …
Continue reading “Rule 14A of GST: Fast-Track Registration for Small Taxpayers”
Political donations are encouraged under the Income Tax Act to promote transparency and democratic participation. To support this objective, Section 80GGC allows taxpayers to claim a deduction for donations made to registered political parties. However, in recent years, tax authorities and courts have taken a stricter approach to verify whether such donations are genuine or …
The GST Network (GSTN) has issued an important advisory introducing significant enhancements in the filing of GSTR-3B, applicable from the January 2026 tax period onwards. These changes primarily focus on interest computation, auto-population of tax liability breakup, improved ITC utilisation logic, and interest recovery for cancelled registrations. The objective behind these changes is to align …
The Government of India has taken a significant step towards strengthening the Startup India Action Plan by revising the startup recognition framework. Announced by the Ministry of Commerce & Industry on 5 February 2026, this policy update reflects the Government’s intent to make India a global innovation powerhouse, a manufacturing-led economy, and a hub for …
The Ministry of Corporate Affairs (MCA) portal acts as the backbone of India’s corporate compliance ecosystem. Every incorporation, closure, strike-off, and statutory filing flows through this digital platform, making MCA data one of the most reliable indicators of business activity in the country. The latest MCA statistics as of 31 December 2025 provide valuable insights …
