IFSCA seeks public feedback on securitization requirements for overseas insurers providing coverage to entities regulated in GIFT IFSC.
ITAT Hyderabad held that resorting to estimation of profit in case of best judgement assessment without rejection of books of accounts is unjustifiable. Accordingly, matter set aside to the file of the lower authorities for reconsideration of the issue.
This article provides an in-depth analysis of India’s tax brackets, key deductions, and recent amendments to income tax laws, helping individuals make informed financial decisions.
This blog explores the chargeability of Income from Other Sources (IFOS) under Section 56, its scope, types of income covered, taxability, exemptions, and strategic tax planning measures for taxpayers.
This blog explores critical tax implications impacting gig workers in India, offering insights into relevant legal provisions, potential challenges and practical recommendations for effective tax management.
ITAT Chennai held that provisions of section 69A of the Income Tax Act could not be invoked when cash is sourced out of recorded sales. Accordingly, appeal allowed and addition u/s. 69A is liable to be deleted.
Are you aware of financial risks your family might encounter without you? Life insurance is not just a document but a promise to offer a protective shield to your loved ones when you pass away.
Despite Section 115BAC(1A) introducing slab rates for AOPs, CPC and tax utilities continue applying outdated rates, causing conflicting tax demands and confusion.
Rajasthan High Court quashes IT notice against Prateek Bulls and Bears Pvt Ltd due to lack of evidence linking bank account to the assessee.
Understand why independent directors are prohibited from receiving ESOPs under Indian law, while profit-based commissions are permitted with shareholder approval.
