The article explains how ESOP taxation spans salary, capital gains, DTAA, and disclosure requirements. It highlights that errors in valuation, reporting, or FTC claims can lead to significant tax exposure.
The article explains how the coexistence of GloBE and GILTI leads to different tax outcomes for similarly structured multinational groups. Non-US companies face higher top-up taxes due to jurisdictional rules, while US groups benefit from global blending.
The article explains that tax authorities often disallow intra-group charges where evidence of actual services is missing. Even correct pricing cannot sustain a claim without proving benefit and delivery. The key takeaway is that documentation is more critical than pricing sophistication.
The article highlights that failure to serve proper notice under Rule 8 can invalidate proceedings. Adequate notice is a mandatory condition for fair hearing.
The Income Tax Rules 2026 introduce a completely revamped form numbering system across all compliance categories. The reform consolidates multiple forms and simplifies filing, making it essential for taxpayers and professionals to update systems and processes.
Learn how companies can access various bank credit facilities including loans, overdrafts, and LCs. Understand eligibility, process, and key requirements.
This guide explains how companies must create and register charges with RoC. Timely compliance ensures legal validity and avoids penalties.
Major updates across income tax, GST, customs, and SEBI highlight compliance changes and key judicial rulings affecting taxpayers and businesses.
The issue highlights ITC reversal when suppliers fail to deposit GST despite buyer compliance. The key takeaway is that courts require proof of genuine transactions but offer relief to bona fide buyers.
The Tribunal held that booking a flat in an under-construction project qualifies as construction. Since possession was obtained within three years, full deduction under section 54 was allowed.
