Requirement to allow TDS credit on Salary is only of amount of tax deducted at source & not getting deposited with Government after deduction.
LLP is to be treated as a firm under Income Tax Act, 1961 and a firm can be a partner in other partnership firms therefore, LLP is eligible to exemption under Section 10(2A) on share of profit received from other partnership firms.
When a company goes through insolvency proceedings, public equity shareholders (non-promoter public shareholders) are the ones that profit least since they are not considered creditors who are protected by IBC 2016
Explore Section 43B of Income Tax Act, 1961, amended by Finance Act 2023. Learn about deductible sums, due dates, and the latest inclusion for payments to micro and small enterprises.
Understand TDS implications on purchasing immovable property in India. Learn about rates, forms, and legal aspects to comply with Income Tax Act for seamless property transactions.
Release of new module for filing of information required under Regulation 46 and 62 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on BSE Listing Center
Explore vital GST amendments introduced in Budget 2023. From composition scheme enhancements to ITC reversal changes, stay informed on critical updates affecting businesses and compliance.
Understand how to determine the Full Value of Consideration in a Slump Sale under Section 50B of the Income Tax Act. Learn about methods and rules for calculating capital gains.
When the company incorporates, its name is registered in the register of company by the registrar of the company and the company may by application or the registrar (suo moto) may strike off the name of the company from the register of companies in some circumstances.
Victory for Sanjay Duggal as ITAT Delhi quashes assessments under 153A, nullifying penalties. Learn why the penalty orders couldn’t survive. Decided in favor of the assessee.
