With promises to simplify the Income Tax Act, the Finance Ministry has, from the AY 2021-22, brought a ‘New Taxation Regime’ – something which has only complicated the law. There is widespread confusion as to ‘which tax regime is better?’ and the only answer that’s truly correct is ‘it depends!!’ On one hand, the new […]
Ready Reckoner To Various Limits and Applicability Of Major Sections Under The Companies Act, 2013 Memorizing and recalling each and every limit and applicability of various sections in an act so enormous is not an easy task. Following is a ready reckoner – bringing together the applicability limits of all such provisions at one place […]
No Idea about Capital Gain Tax but Property Under Re-Development? Here’s all you Need to Know!! The Finance Act, 2017 inserted a new sub-section 5A in section 45 which deals with the capital gain in case of re-development of any land or building or both. But first, let us understand the meaning of capital gain […]