Gonda GST Case: ₹2.22 Crore Input Tax Credit Allegedly Claimed Through Paper Transactions Authorities in Uttar Pradesh’s Gonda district have registered an FIR over an alleged GST irregularity involving around ₹2.22 crore in input tax credit (ITC) . The case concerns a Kolkata-based firm th...
Unknown APK on WhatsApp Costs Ahmedabad Family Over ₹20 Lakh A 63-year-old man in Ahmedabad was allegedly cheated of ₹20.06 lakh, after opening an APK file sent to him on WhatsApp in the name of the Pradhan Mantri Awas Yojana. The Ahmedabad Cyber Crime Branch h...
When AI Starts Hacking on Its Own, Who Is Responsible? Autonomous artificial intelligence systems are creating a genuinely new legal problem: who is actually responsible when an AI agent independently hacks a computer system or causes digital harm, withou...
India Plans Tighter AI Incident Reporting Rules for Companies India is planning tighter requirements for reporting artificial intelligence-related incidents, including clearer rules on what information companies must provide and how quickly they must report such...
The Business Partner Whose Numbers Never Quite Added Up Meera Sethi and Raghav Malhotra had built a successful distribution company together. Meera managed customers, operations and growth. Raghav controlled finance, vendor payments and banking. Their resp...
The Vendor Ledger That Hadn’t Been Touched Since the Business Opened When Neeraj Kapoor started his manufacturing business, bookkeeping was not his highest priority. The company had only a few suppliers, payments were managed through internet banking and invoices were ...
The Related-Party Disclosure His Company Forgot Before Going Public Kunal Shah had spent eight years building a profitable consumer-products company. Revenue was growing, institutional investors had shown interest and the board had approved preparations for an initial...
The Nominee Shareholder Structure That Was Quietly Illegal All Along When Dev Malhotra established an overseas company nearly a decade ago, the incorporation agent suggested a nominee shareholder. The nominee’s name appeared on the foreign company’s register, while Dev...
The Contingent Liability Nobody Disclosed — Until the Auditor Asked for the Contract When Aarav Manufacturing Private Limited prepared its annual financial statements, management believed all major liabilities had been recorded. Trade payables were reconciled, bank balances were confi...
Why His GST Registration Got Stuck at the Biometric Verification Step When Aditya Sharma launched his trading business, he expected GST registration to be a straightforward online exercise. His consultant submitted Form GST REG-01, uploaded the required documents and co...
Same Income, Two NRIs, Two Completely Different Tax Bills — Here's Why Rohan and Vikram live in the same foreign country and each receives ₹24 lakh annually from India: ₹18 lakh in rent from a residential property and ₹6 lakh in interest from an NRO account. Their income...
7 Tax Deadlines Between Now and December Most Business Owners Don’t Know Exist Most business owners remember monthly GST returns and salary-related TDS. The deadlines most likely to be missed, however, are often the annual or transaction-specific filings handled outside the regu...
