GST 2.0: From Tax Collection to Taxpayer Convenience – Big Process Reforms on the Agenda     Simpler registration, lower penalties, easier ITC and fewer notices could change the way GST is administered GST was introduced with an ambitious objective: “One Nation, One Tax, One Market.” Over the years, however, the tax has developed into…

Tax Audit & ITR Due Dates Extended: CBDT Gives 21-Day Relief for AY 2026–27     A welcome extension, but not for everyone The last few days of September are usually the most hectic period for tax professionals. With tax audit reports, reconciliation of books, GST data, TDS/TCS information, AIS, financial statements and income-tax returns…

Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It?   In India, gold is not merely a metal. It is an emotion. It is a wedding tradition, a family heirloom, an emergency fund and, sometimes, a financial plan disguised as a necklace! A daughter gets married, and suddenly the old jewellery stored…

Section 54F: Buying a House from Your Spouse Can Still Qualify for Exemption   Mumbai ITAT says a genuine, fully paid transaction cannot be branded a colourable device merely because the buyer and seller are spouses Can you claim exemption under Section 54F if you purchase a residential house from your own spouse? The answer,…

“The issue is not merely of convenience but of audit quality” – Representation for Early Extension of the Tax Audit Report filing Due Date Extension by THE TAX TALK   BY EMAIL / SPEED POST To, Respected Smt. Nirmala Sitharaman ji Finance Minister Government of India North Block, New Delhi – 110001. Email: nsitharaman@nic.in Subject:…