Explore FAQs on Section 43B(h) and new provisions for MSMEs. Understand key amendments, payment deadlines, and tax implications under the IT Act for FY 2023-24.
ITAT Delhi held that when shares are held as investments, there will be no business income and accordingly provisions of section 28(iv) of the Income Tax Act cannot be invoked.
Explore the key differences, advantages, and disadvantages between LLPs and private limited companies to make an informed decision for your business structure.
Discover the July 2024 Budget’s impact on share buybacks, now deemed dividends, and its implications for companies and shareholders in India’s evolving tax landscape.
NCLT Chennai held that once the resolution plan is approved by Committee of Creditors, only limited judicial review is available for the Adjudicating Authority u/s. 30(2) and Section 31 of IBC, 2016 and this Adjudicating Authority cannot venture into the commercial aspects of the decisions taken by the Committee of Creditors.
Supreme Court held that a holding company and its subsidiary are always distinct legal entities and hence assets of the subsidiary company of the corporate debtor cannot be part of the resolution plan of the corporate debtor.
Kerala High Court held that the provisions of Section 7(aa) of the Central Goods and Service Tax Act, 2017 (CGST Act) will have prospective operation with effect from 01.01.2022.
Bombay High Court held that industrial dispute existed when the reference was made by the appropriate Government under section 2-A of the Industrial Disputes Act, 1947. Further, Industrial Disputes Act, 1947 doesn’t provide any limitation for making a reference.
Learn the process for closing a company in India, including prerequisites, required documents, and the detailed procedure to file Form STK-2 for striking off a company.
Explore the key highlights and amendments in the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman. Find out what’s new in direct and indirect taxes.
