Understand the tax implications of winnings from online games with the introduction of Sections 115BBJ and 194BA, mandating a 30% tax rate on net winnings and TDS deductions, effective from 01.07.2023, ensuring compliance with income tax laws.
Amendments in Section 43B of Income Tax Act, 1961 proposed by Finance Bill, 2023 concerning MSMEs, its possible effect, & certain suggestions
ITAT Chandigarh held that claiming of wrong depreciation on the advice of auditor is bona fide claim and hence penalty under section 271(1)(c) of the Income Tax Act not leviable.
Bombay High Court held that as per provisions of section 153(3) of the Income Tax Act any order of fresh assessment in pursuance of an order under Section 254, 263 or 264 should be made within a period of 9 months from the end of the financial year in which the order is received. Order passed beyond the same will be time barred.
Budget 2023s new tax regime: A mix of flexibility and choice with potential for reduced savings. Understand the benefits and drawbacks before deciding.
Revisiting the Harshad Mehta Scandal: A critical study on corporate governance and investor protection failures leading to regulatory reforms in India.
Rule 25B has been added that allows ROC to physically check company’s registered office in order to confirm legitimacy of registered business.
Article examines potential risks that newly setup businesses in India might face. It explores various strategies that can be adopted to mitigate the risks, thereby helping businesses to ensure smooth operations and increased success.
Company be and is hereby authorised to sign, and submit all the documents as may be necessary for the proper availing of the said facility and as may be required by the Bank and further to furnish, sign, and submit such indemnities and/or declarations and /or affidavits on behalf of the Company in favour of the Bank
Discover key Indian tax rulings favoring salaried employees: exemptions, allowances, and deductions. Essential insights for optimizing tax liabilities
