Explains the key differences between proprietorships, partnerships, LLPs, and private companies, highlighting liability, compliance, and funding suitability.
SC Declares Hostel/PG as Residential Dwelling – Lessee Need Not Reside: Sub-Lease Still Qualifies for Residential Exemption- Revenue’s Narrow View Rejected: Residential Use Is the Real Test- GST Exemption Restored for 2019–2022
Explains how Section 113 permits companies to authorize individuals to attend and vote at meetings through board resolutions. Key takeaway: corporate bodies participate legally only through formally appointed representatives.
Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is possible.
Summarizes the core obligations for Data Fiduciaries, including notice, consent, security safeguards, breach reporting, and retention requirements
The Court accepted a previously rejected Form F worth ₹6.29 crore after verifying its authenticity. It held that genuine branch transfer claims cannot be denied solely for delayed production.
SEBI now requires SMEs to show ₹1 crore EBITDA in two of the last three years before listing. The rule strengthens IPO quality and improves investor confidence.
Tribunal held that no capital gains arise on amalgamation or demerger carried out as part of a genuine family settlement. It ruled that such restructuring is not a “transfer” under tax law, affirming the assessee’s indexed cost and tax-neutral treatment.
ITAT Chennai ruled that notional contract values in F&O trading cannot be treated as real income. The case was sent back to the AO for reassessment based on actual profits and losses.
ITAT Chennai ruled that a delay in property registration due to the builder cannot deny a Section 54 deduction if the capital gains were reinvested on time. Timely payments, not registration, are the key requirement.
