Introduction Buying or selling property in India involves several legal and tax-related responsibilities. One important responsibility is Tax Deducted at Source (TDS), which requires the buyer to deduct the applicable tax from the payment made to the seller and deposit it with the government. Property TDS compliance has undergone significant changes in 2026. The introduction
process is conducted online through the official GST portal. Applicants must provide their PAN, business details, address proofs, authorized signatory information, and other supporting documents. This article explains how to obtain new GST registration for multiple states in India, the documents required, the online application procedure, applicable rules, common mistakes, and important compliance requirements. 1.
Insurance is an important part of financial planning. It provides financial protection against unexpected events such as accidents, illness, damage to property, loss of a vehicle, death of a family member and other risks. Life is uncertain, and no one can predict when an unfortunate event may happen. While insurance cannot prevent an accident, illness
The Central Board of Direct Taxes (CBDT) has introduced a dedicated ITR-B form for block assessment proceedings under the Income-tax Rules, 2026. The move is an important procedural development under the new Income-tax Act, 2025 and is particularly relevant for taxpayers who become subject to search or requisition proceedings. Through Notification No. 97/2026 dated 24
The Unified Payments Interface (UPI) has transformed the way people in India make payments. Whether it is paying a small shopkeeper, purchasing products online, paying a restaurant bill or transferring money to a family member, UPI has become an important part of everyday financial transactions. With the rapid growth of digital payments, changes in the
The Karnataka High Court has delivered an important ruling concerning the reimbursement of Goods and Services Tax (GST) to a civil contractor executing government work. The Court directed the concerned department to reimburse GST at the rate of 12% on the value of work completed by the contractor after finding that the contractor was legally
The treatment of money under the Goods and Services Tax (GST) law can sometimes be confusing. In ordinary business transactions, money changes hands almost every day. A person may receive a loan, repay a debt, pay a supplier, purchase machinery, pay professional fees, exchange foreign currency or receive interest from a bank. Although all these
