TaxxPlanet

GST Update

February 25, 2026

From the desk of Navneet Shukla Big Relief for Registrations Granted under Rule 14A A much-needed compliance window has been opened for taxpayers whose GST registration was granted under Rule 14A. Such taxpayers can now: 🔹 Withdraw the existing registration🔹 Regularise their GSTIN by filing FORM GST REG-32 Why does this matter? This move allows…

CAs vs Advocates (Delhi High Court): The Debate Is Back — And It’s Personal

February 23, 2026

From the desk of NAVNEET SHUKLA “You know the law. You know the facts. You know the file better than anyone else. Yet you cannot argue — unless you give up your signing powers.” That’s not a capability gap. That’s a regulatory boundary. Over the years, court rulings have made one thing clear — appearance…

A landmark ruling that shifts the focus from “when and how” to “whether the house was built.”

February 18, 2026

From the desk of NAVNEET SHUKLA Detailed Case Summary – Smt. Goenka (ITA No. 2129/Kol/2025) The Income Tax Appellate Tribunal allowed the assessee’s claim of exemption under Section 54F on long-term capital gains arising from the sale of listed equity shares amounting to about ₹26 crore. The assessee had invested in the construction of a…

Taxing SGB Sovereign Gold Bonds retrospectively is unfair.

February 5, 2026

From the desk of: Navneet Shukla

Amendments To Income Tax Appellate Tribunal Rules Mandate Digital Signatures For Filing Appeals

January 10, 2026

From the desk of; Navneet Shukla The Ministry of Law and Justice has notified amendments to the Income-tax (Appellate Tribunal) Rules, 1963, making the use of digital signatures mandatory for filing appeals before the Income Tax Appellate Tribunal (ITAT). The changes have been brought into force through the Income-tax (Appellate Tribunal) Amendment Rules, 2025, which…

From the desk of Navneet Shukla– Reshaping India’s Direct Tax Regime

January 1, 2026

The article discusses the landmark direct tax rulings delivered in 2025, in which courts and tribunals addressed complex issues ranging from permanent establishment and treaty abuse to capital gains, exemptions, penalties, trusts, and procedural law. These decisions clarified long-standing controversies, reinforced principles such as substance over form, and provided practical guidance on the application of…

Protected: FROM THE DESK OF: NAVNEET SHUKLA

There is no excerpt because this is a protected post.

POLITE WARNING: MNCs tell Staff to Reveal Undisclosed Foreign Assets

December 24, 2025

From the Desk of: Navneet Shukla Non-disclosure of overseas ESOPs by Indian employees of foreign companies / MNCs in the Income-tax Return, particularly in the Foreign Assets Schedule can have serious consequences. Failure to report such foreign assets may attract penalty up to 10 lakh and even prosecution under the Black Money (Undisclosed Foreign Income…

The Income Tax Act 2025

September 28, 2025

The Institute of Chartered Accountants of India (ICAI) has released the Income Tax Act, 2025, a landmark reform replacing the six-decade-old Income-tax Act, 1961. This new law, effective from 1st April 2026, is aimed at creating a transparent, simplified, and globally aligned tax framework for India. Why the New Law? Key Highlights Impact Conclusion The Income Tax…

India GST Rate Revision 2025: Comprehensive Guide

September 6, 2025

Navneet Shukla’s Editorial Space The GST Council’s major reform, effective from September 22, 2025, introduces sweeping changes to India’s Goods and Services Tax structure. Most essential goods and widely used services now attract sharply reduced GST rates—typically dropping to 5% or even zero—while luxury, sin, and select high-end products will incur a new 40% GST.…