TDS is always deducted from the amount payable and it is not any other consideration. Therefore, the demand on this score cannot sustain and hence, the impugned order to this extent is set aside.
Supreme Court declares Rule 55A(i) of Registration Rules ultra vires, stating Sub-Registrar’s duty is procedural, not title verification.
ITAT Ahmedabad held that income from sale of scraps generated through production process reducing cost of product is eligible for deduction under section 80IC of the Income Tax Act. Accordingly, appeal of revenue dismissed.
RBI withdraws 20 circulars related to cheque processing and customer service as part of regulatory simplification under RRA 2.0 recommendations.
Supreme Court questions rule of law in UP, highlighting conversion of civil suits to criminal cases; CJI urged to introspect.
Explore the complex interplay of tradition and tax law surrounding Streedhan (women’s jewellery) in India, CBDT guidelines, and court rulings.
IFSCA announces transition to Fund Management Regulations 2025, extending PPM validity and reducing corpus for IFSC funds. One-time PPM extension offered.
IFSCA releases updated fee structure for entities in IFSC, covering application, licensing, recurring, processing, late fees, and informal guidance.
Understand the 2025 tax rules for capital gains on stocks and mutual funds in India. Learn about STCG, LTCG, exemptions, and tax-saving strategies.
IFSCA updates meeting requirements for governing bodies of IFSC Banking Units (IBUs) to at least once per quarter, effective immediately.
