Form 63 Income Tax Rules 2026 pdf download and Key points FORM NO. 63 [See rule 129(4)] Form for returning the reference made under section 274 Under the Income-tax Rules, 2026, Form No. 63 is an administrative form governed by Section 274 of the Income-tax Act, 2025, and Rule 129(4) of the Income-tax Rules, 2026.… Read More »
Form 62 Income Tax Rules 2026 pdf download and Key points FORM NO. 62 [See rule 129(3)] Form for making the reference to the Commissioner of Income-tax by the Assessing Officer under section 274(1) Under the Income-tax Rules, 2026, Form No. 62 is an internal administrative form governed by Section 274(1) of the Income-tax Act,… Read More »
How to File Form 145 Income Tax for Payment to NRI Form 145 1. Overview Form 145 is a new form that replaces the old Form 15CA for sending money outside India. It needs to be filled by anyone who wants to make a foreign payment, and it must be submitted before the money is sent.… Read More »
Form 61 Income Tax Rules 2026 pdf download and Key points FORM NO. 61 [See rule 125] Authorisation for claiming deduction in respect of any payment made to any financial institution located in a notified jurisdictional area Under the Income-tax Rules, 2026, Form No. 61 replaces the erstwhile Form 10FC. It is governed by Section… Read More »
Form 60 Income Tax Rules 2026 pdf download and Key points FORM NO. 60 [See rule 124(6)] Intimation on behalf of the international group for the purposes of section 511(5) Under the Income-tax Rules, 2026, Form No. 60 is the statutory “Intimation on behalf of the international group for the purposes of section 511(5)”. It… Read More »
Important GST Case Laws 22.04.2026 Section Case Law Title / Authority Key Legal Verdict Citation Sec 11 (CGST) Narasus Saarathy Enterprises Brand Name Exemption: A farmer’s image on packaging is a “brand,” but exemption is allowed if the taxpayer files an affidavit specifically foregoing actionable rights to that brand. Click Here Sec 16(4) Om Sakthi… Read More »
A sale concluded via auction before July 1, 2017, remains taxable under the old regime (Sales Tax), even if payments continue post-GST. The Dispute: Old Tax vs. New GST The Conflict: The petitioner bought timber in e-auctions held in April and May 2017 (pre-GST). The contract allowed for staged payments extending past July 1, 2017… Read More »
Maintaining the same gross ticket price after a GST rate cut constitutes profiteering; base prices cannot be hiked to absorb the tax benefit. The Dispute: Static Prices vs. Commensurate Reduction The Conflict: Effective from January 1, 2019, the GST on cinema tickets was significantly reduced: Tickets > ₹100: Reduced from 28% to 18%. Tickets ≤… Read More »
The “Authorized Operations” requirement for SEZ refunds is not retrospective and applies only from October 1, 2023. The Dispute: Retrospective vs. Prospective Law The Conflict: The petitioner, a unit in a Special Economic Zone (SEZ), claimed a refund of GST paid on services received between March 2020 and June 2023. The Tax Department rejected/challenged the… Read More »
Form 59 Income Tax Rules 2026 pdf download and Key points FORM NO. 59 [See rule 124(3)] COUNTRY-BY-COUNTRY REPORT Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 511(2) or section 511(4) Under the Income-tax Rules, 2026, Form No. 59 is… Read More »