Article examines the interplay between moratorium provisions under Part III of the Insolvency and Bankruptcy Code, 2016 (IBC) and criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). Website URL: https://taxguru.in/corporate-law/ibc-moratorium-section-138-negotiable-instruments-act-courts-examine-scope.html
The article explains that for income-tax purposes, the term “relative” is based on a specific statutory definition rather than ordinary family relationships. It states that gifts received from specified relatives are generally outside the gift-tax provision, while relationships such as cousin siblings, muh-bola bhai or muh-boli behen are not included in the stated definition. Website URL: https://taxguru.in/income-tax/rakhi-gifts-qualifies-relative-income-tax.html
The Karnataka High Court partly allowed the State of Karnataka’s appeal and held that reimbursement of incremental GST paid by contractors due to the transition from the KVAT regime to GST on works contracts is a matter between the contractors and the concerned employers, and cannot be claimed against the State Government or tax authorities. Website URL: https://taxguru.in/goods-and-service-tax/incremental-gst-reimbursement-lies-against-employer-not-state-karnataka-hc.html
The amendment has been approved by the ICAI Council and shall apply to the relevant provisions of the Code of Ethics, 2026 (Volume I). The decision recognises the practical difficulties faced by the families of deceased practitioners and provides them with a realistic timeframe to complete the transfer of professional goodwill while ensuring continued compliance with ICAI’s ethical framework. Website URL: https://taxguru.in/chartered-accountant/icai-extends-goodwill-transfer-time-deceased-ca-proprietor-firms-3-years.html
Please avoid posting Only URLsThe document provides a comprehensive guide to the tax provisions, exemptions, concessional tax rates, and compliance benefits available to non-residents under the Income-tax Act, 1961, as amended by the Finance Act, 2026, Website URL: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html
As businesses prepare to file GSTR-9 and GSTR-9C for FY 2025-26, accurate reconciliation has become essential to avoid scrutiny and demands under Section 74A. Website URL: https://taxguru.in/goods-and-service-tax/12-critical-gstr-9-gstr-9c-reconciliation-mistakes-gst-taxpayer-avoid.html
The Income-tax Act, 1961, as amended by the Finance Act, 2026, prescribes special rules for taxation of capital gains arising from compulsory acquisition of land and other capital assets by the Government. Capital gains become taxable in the year of receipt of initial compensation, while enhanced compensation is taxed separately on a receipt basis without recomputing the original gain. Website URL: https://taxguru.in/income-tax/tax-treatment-compulsory-land-acquisition-rules-exemptions.html
A young man from a small town in Rajasthan completes his studies and leaves his home in search of a better future. Like thousands of others, he arrives in Surat with dreams in his eyes and very limited resources in his pocket. Read more at: https://taxguru.in/income-tax/homebuyer-taxed-paying-on-money-builder.htmlCopyright © Taxguru.in Website URL: https://taxguru.in/income-tax/homebuyer-taxed-paying-on-money-builder.html
The Karnataka State Chartered Accountants Association (KSCAA), through a representation dated May 11, 2026 addressed to the CBDT Chairman, requested the timely release of e-filing utilities, schemas and enabling functionalities for Income-tax Returns for AY 2026-27. Read more at: https://taxguru.in/income-tax/representation-timely-release-e-filing-utilities-itr-ay-2026-27.htmlCopyright © Taxguru.in Website URL: https://taxguru.in/income-tax/representation-timely-release-e-filing-utilities-itr-ay-2026-27.html
Please avoid posting Only URLs Website URL: https://taxguru.in/income-tax/penny-stock-allegation-rejected-due-lack-evidence-share-transactions.html