Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide explains tax calculation, exemptions, and planning strategies for investors.
ITAT Bangalore held that a ₹5 lakh investment could not be treated as unexplained under Section 69 where documentary evidence showed it was made through a cheque issued by the tenant under a lease arrangement.
ITAT Bangalore held that a genuine claim of application of income supported by documentary evidence cannot be denied merely because of a reporting mismatch in different schedules of the income tax return.
This guide explains why companies must file Form DPT-3 not only for deposits but also for outstanding transactions excluded from the definition of deposits. It highlights the reporting requirements, applicability, and key compliance obligations.
ITAT Bangalore held that where the assessee disputed the stamp duty valuation and furnished a registered valuer’s report, the Assessing Officer ought to have referred the matter to the Departmental Valuation Officer (DVO).
ITAT Bangalore held that once a search under Section 132 was conducted, the assessment for the relevant year had to proceed under Section 147/148 in accordance with the post-2021 statutory scheme.
The Punjab and Haryana High Court set aside the GST adjudication order on secondment of expatriate employees because relevant CBIC Circular No. 210/4/2024-GST and Instruction No. 05/2023-GST were issued after the order.
Learn the different types of Drug Licenses in India, their costs, required documents, and approval timelines. The guide explains the compliance requirements for pharmacies, wholesalers, manufacturers, and importers.
The DPDP Act does not ban WhatsApp, Google Drive, or shared folders for handling personal data. The key requirement is that organizations implement lawful processing, security safeguards, access controls, and purpose limitation.
The Bombay High Court considered a challenge to a demand-cum-show cause notice on the ground that it was issued more than ten years after the alleged transaction. The Court issued notice to the respondents and permitted the petitioner to seek further relief if additional proceedings are initiated.
