ITAT Nagpur quashed the penalty on Ravindra Kharche, finding no misreporting of income due to bona fide claims regarding gratuity exemption.
Discover how the National Pension System (NPS) offers flexibility, tax benefits, and long-term financial security, catering to all age groups from infancy to retirement.
IFSCA addresses greenwashing risks in ESG-labelled debt securities through proposed principles and frameworks to enhance sustainable finance transparency in IFSC.
SC clarifies Input Tax Credit under Section 17(5) of CGST Act for immovable property construction, defining plant & machinery eligibility for ITC.
The Supreme Court clarifies ITC on commercial properties under CGST, applying the functionality test to determine if a building qualifies as “plant or machinery.”
Banking Laws (Amendment) Bill 2024 introduces successive and simultaneous bank deposit nominations, raising concerns over complexity, legal conflicts, and role of nominees vs. heirs.
Discover cost-saving strategies for material costs in manufacturing through efficient cost records, audits, and reporting systems. Control costs at procurement, storage, and usage stages.
Explore downstream investment in India, including definitions, requirements, and reporting obligations for foreign investors through Indian entities.
Learn about the essential clauses of the Memorandum of Association (MOA) that define a company’s legal and operational framework, and their implications.
Explore the Bombay High Court ruling on reassessments under the Income Tax Act, clarifying jurisdiction between JAO and FAO in the Hexaware Technologies case.
