Analyze the tax implications of share splits and amalgamations in India. Understand capital gains treatment, period of holding, and cost of acquisition intricacies.
Read Notification No. 27/2024-Customs dated 12th July, 2024, exempting SEZ imports from CGST compensation cess under Customs Tariff Act. Effective from 15th July, 2024.
Ministry of Finance updates Central Tax rates for railway services. Notification No. 04/2024 details tax exemptions. Effective from July 15, 2024.
CBIC notifies via Notification No. 03/2024 that agricultural packages over 25kg/25L are not considered ‘pre-packaged and labelled’. Effective from July 15, 2024.
CBIC’s Notification No. 02/2024 lowers GST rates on cartons, milk cans, solar cookers, and brooders’ parts, effective 15th July 2024. Read for detailed changes.
Assessing Officer is not required to detail reasoning for each deduction in the assessment order and that inadequate enquiry alone does not justify the Commissioner’s revisional jurisdiction.
MCA penalizes Sri Subhalakshmi Infra Pvt Ltd for improper related party disclosures in FY 2014-15 and 2016-17, imposing a total fine of ₹8 lakhs.
The Supreme Court mandates that bail orders must furnish reasons, presuming non-application of mind otherwise, emphasizing judicial accountability and transparency.
When consideration is set forth in instrument executed by State Government, Central Government, a local authority or a Housing Board etc. such valuation shall be deemed to be true market value of property, which is subject matter of instrument.
Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analysis and conclusions included.
