Taxation of Spot Crypto Trades in India u/s 115BBH of Income Tax Act
A computation‑first overview of how section 115BBH applies to spot crypto trades in India, covering transfer identification, valuation, cost of acquisition, and record support.
Author: Vinod Arora
Budget 2026 Tax Implications: Secondary Market Investors (Sovereign Gold Bonds)
Budget 2026 narrows capital gains exemption on Sovereign Gold Bonds. Analysis of the amended law, secondary market impact, and grandfathering issues.
Tax Audit Report Delay to Cost Up to Rs 1.5 Lakh under Finance Bill 2026
Finance Bill 2026 proposes fixed fees for delayed tax audit reports, returns, and statements. Tax audit delay may attract a fee of up to Rs 1.5 lakh.
Finance Bill 2026 Makes CBDT Circulars Binding on TDS and TCS Deductors
Finance Bill 2026 proposes statutory backing for CBDT circulars, making them binding on taxpayers responsible for TDS and TCS. Read implications for compliance and penalties.
Budget 2026 Customs Duty Changes/Reforms Not Linked to US Tariffs, FM Clarifies
Union Budget 2026-27 customs duty changes are part of ongoing tariff rationalisation, not linked to US tariffs. FM clarifies policy intent, MSME support, and sector-specific relief measures.
Budget 2026-27 Customs Reforms: Faster Clearance, Lower Duty, Digital Integration
Union Budget 2026-27 proposes key Customs reforms. Highlights include lower duty on personal imports, trusted importer benefits, automated clearances, electronic sealing for exports, and a single digital window for …
India GST Collections January 2026: Revenue Rises to Rs 1.93 Lakh Crore
India’s GST collections stood at ₹1.93 lakh crore in January 2026, up 6.2% year‑on‑year. Net revenue rose to ₹1.70 lakh crore, led by strong import growth.
Section 115BAA Concessional Tax Rate Allowed by ITAT Mumbai Despite Late ITR
ITAT Mumbai held that a domestic company cannot be denied Section 115BAA concessional tax rate merely for filing a belated return if Form 10IC was filed on time.
NFRA Insights on Related Party Transactions: Audit Expectations/Regulatory Issues
NFRA outlines audit responsibilities, regulatory requirements, and common deficiencies in audits of related party transactions.
NFRA Analysis: Governance Failures/Financial Irregularities in a Listed Conglomerate
NFRA highlights governance lapses, related party abuse, accounting manipulation, and audit failures in a major listed conglomerate.