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Educational Institutions Availing Income Tax Exemptions – Section 10(23C) – SC Verdict

April 05, 2026 Income Tax Ca Bhanu Prudhviraj

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Recent Supreme Court Verdict Mandated Tectonic Shift In Approach To Educational Institutions Availing Income Tax Exemptions Under Section 10(23C) As per the provisions of the Income Tax Act, when ...

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DESH A Road Map To Swadesi

April 05, 2026 Finance Ca Bhanu Prudhviraj

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“When country is celebrating Azadi Ka Amrit Mahotsav and marching towards Atmanirbhar Bharat to counter the evil effects of covid pandemic DESH has become a shot in the arms of national build...

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Relevance of Indirect Tax Planning In Domestic Food Expenditure – Buy More To Pay Less Tax (GST)

April 05, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

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India is the second largest populated country in the world and heading towards occupying first position shortly. Ours is an agrarian economy where we need to balance food security, inflation, emplo...

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CBIC applied air brakes on arbitrary collection of taxes by using coercive measures

April 05, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

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In the GST Law- Enforcement, Audit and Adjudication are three principal functions performed by the GST Officers to monitor and regularize the implementation of GST Law. Audit and Adjudication funct...

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Junkets & Corporate Gifts are under lens of Income Tax Authorities in light of Section 194R

April 05, 2026 Income Tax Ca Bhanu Prudhviraj

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As per the CMO Survey reports, companies across the world shell out most of their financial resources in marketing of their commodities with an average of minimum 12%. Their marketing budget ...

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Does denial of adjustment of Electronic Credit Ledger balance against GST Pre-deposit tantamount to double taxation ??

April 05, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

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Does denial of adjustment of Electronic Credit Ledger balance against GST Pre-deposit tantamount to double taxation ?? Right to file an appeal is the statutory right granted by Tax Laws of the cou...

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One Assessee -One Tax- Multiple Assessing Authorities

April 05, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

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GST law is a classical example of cooperative federalism which facilitates fiscal growth of all the states in the country. It has curtailed the levy of multiple taxes and promoted transparency, acc...

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No Interest Proceedings for Ineligible ITC availed but Not Utilized In GST Returns

April 05, 2026 Goods and Services Tax Ca Bhanu Prudhviraj

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No Interest Proceedings Can Be Invoked On Ineligible Input Tax Credit Availed But Not Utilized In GST Returns Recent 45th GST Council meeting has put logical end in relation to demand of interest ...

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Covid 19 a New Deal for reviving Indian Economy

April 05, 2026 Finance Ca Bhanu Prudhviraj

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In a pre Covid-19, our economy was not reflecting any encouraging position. The growth rate was around 4.3% and the government has little leeway to provide large stimulus. Now, the Covi...

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Examiners (State Legislated Technological Universities) becoming Examinees before Income Tax Dept in light of Rule 2BBB

April 05, 2026 Income Tax Ca Bhanu Prudhviraj

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Examiners (State Legislated Technological Universities) becoming Examinees before Income Tax Department in light of Rule 2BBB of Income Tax Rules 1962 Government Funded Technological Universities ...

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