Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization.
Explore the significance of Priority Sector Lending mandated by RBI, its impact on rural development, financial inclusion, challenges, and how it functions. Learn why PSL is crucial for inclusive growth.
Delve into the transition of pre-SCN intimation in GST, its legal implications post-amendment, and the Andhra Pradesh High Court rulings impact.
Learn what Floor Space Index (FSI) is, how it’s calculated, its importance in real estate, and its link to development rights like TDR.
Tax burden can be overwhelming, especially if your state levies high taxes on your profit as an individual or a company. Fortunately, well-heeled individuals don’t need to be confined to the tax regime of their homeland.
New Delhi ITAT rules that no addition can be made under Sec 69 if the difference in stock found during survey and recorded in books is reconciled. Detailed analysis of Ultimate Creations Vs ACIT.
Chandigarh ITAT ruled interest income from cooperative bank eligible for deduction under Sec 80P(2)(d). Detailed analysis of the case.
Delhi High Court held that use of facility does not amount to technical services, as technical services in section 9(1)(vii) of the Income Tax Act denote services catering to the special needs of the person using them and not a facility provided to all. Thus, order denying NIL/ lower TDS certificate quashed as services provided doesn’t amount to technical service.
Delhi High Court rules Yes by PCIT not valid approval under Section 151 of IT Act, 1961. Analysis of mechanical approval in reassessment proceedings.
There is no bar on appellate authority to entertain additional claim during assessment proceedings in absence of any statutory provisions.
