IndianTaxation

NRI Wins Landmark Capital Gains Tax Battle in Delhi High Court

by
NRI Wins Landmark Capital Gains Tax Battle in Delhi High Court

NRI Wins Major Capital Gains Tax Case in Delhi High Court! An NRI in the US faced a significant tax ordeal after selling a property in Pune for Rs 2 crore. Despite the buyer correctly deducting 20% TDS (Rs 18.68 lakh), a critical error in the TDS form plunged the NRI into a battle with … Read more

GSTR-1 Update: HSN-Wise Reporting Now Mandatory for B2B Sales

by
GSTR-1 Update: HSN-Wise Reporting Now Mandatory for B2B Sales

The Goods and Services Tax Network (GSTN) is rolling out a significant update to the GSTR-1 form, effective from the May 2025 tax period. This change aims to streamline GST data, boost transparency, and improve tax administration. What’s Changing in GSTR-1 Table 12? The biggest change is the bifurcation of Table 12 into two distinct … Read more