ITAT held that interest on delayed payment of TDS cannot be allowed as deduction in terms of section 40(a)(ii) of Income Tax Act, 1961.
ITAT held that cash gifts received by the assessee from her brother and sister cannot be added as unexplained income under section 69A.
SC in case of Filco Trade Centre Pvt. Ltd. allowed ‘any aggrieved registered assessee’ to file a form seeking Transitional credit or revision thereof
Parvathi Kollur & Anr. Vs State By Directorate of Enforcement (Supreme Court) The offence under Section 3 of Prevention of Money-Laundering Act, 2002 is dependent on illegal gain of property as a result of criminal activity relating to a scheduled offence. It is concerning the process or activity connected with such property, which constitutes the […]
Learn about the appointment of managing director, whole-time director or manager under Section 196. Analyze the reasons behind the restriction on simultaneous appointments.
Discover the journey of Startup India and the rise of start-ups in India. Explore the meaning of start-ups and their significance in the business world.
It kind of feels like everything is expensive these days, right? Petrol prices, fruits and vegetable prices, grocery bills, etc. It is so shocking to see that prices have increased so significantly for the same quantity you were getting a year before. Well, you guessed it right! Inflation is the harsh reality today and we all must face it.
Assessee need not file any separate claim for Income Tax refund as same is deemed to incorporated in return filed by assessee itself
Explore the delicate balance between stakeholders interests and environmental/societal concerns in business organizations.
Ensure your food business is compliant with the Food Safety and Standards Act. Learn about the registration and licensing requirements for food businesses in India.
