Form No. 10F is a self-declaration for NRIs to claim benefits under DTAA when their Tax Residency Certificate lacks essential details.
Explore HRA exemptions and home loan deductions under old tax regime to minimize tax liability effectively. Learn to claim both benefits wisely.
Delhi High Court held that difference between purchase price of Stock Appreciation Right and the sale price at the time of exercise by the employees, holding the same to be revenue loss allowable as business deduction as expenditure incurred as per SEBI guidelines.
Learn about deemed dividends under Section 2(22) of the Income-tax Act, 1961, its implications, and key judicial precedents related to loans and advances.
Summary of a company’s Directors’ Report, covering financial performance, compliance, board structure, and policies. Key details of financial highlights and statutory disclosures.
Learn the process to change an LLP name, including required forms, approvals, and steps under the LLP Act, 2008. Ensure compliance for a smooth transition.
ITAT Delhi held that damages are compensation received is a capital receipt, however, interest on damages is to be treated as revenue receipt hence the same is taxable.
ITAT Ahmedabad held that interest income earned from deposits with Cooperative Banks shall be allowed as deduction u/s 80P(2)(d) of the Income Tax Act.
Kerala High Court held that competent authorities under the Income Tax Act is entitled to seek interim custody of the currency notes that are seized and produced before the Jurisdictional Magistrate.
Allahabad High Court directed departmental officer to furnish all documents referred in show cause notice with regard to cancellation of GST registration and also directed to pass speaking order post filing of reply by the petitioner.
