June 2026

Common Reasons for Receiving an Income Tax Notice in India

Leave a Comment / Client Questions Answered, Income Tax Updates, Insights / /

Receiving an Income Tax Notice can be stressful for taxpayers and business owners. However, receiving a notice does not always mean that you have committed tax fraud or made a serious mistake. In many cases, notices are issued simply to seek clarification, verify information, or rectify discrepancies found by the Income Tax Department. With increasing […]

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Blocked ITC Under GST: Understanding Ineligible Input Tax Credit

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One of the biggest advantages of the GST regime is the availability of Input Tax Credit (ITC), which allows businesses to reduce their GST liability by claiming credit for tax paid on purchases and expenses used in business. However, GST law also specifies certain expenses on which ITC cannot be claimed. These are known as

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