Understand how excess premium on shares affects taxation for closely held companies. Exemptions for start-ups and methods for calculating fair market value explained.
Read about the Intas Pharmaceuticals Ltd vs. C.S.T. – Service Tax case, where the need for legal protection of intellectual property for tax liability is discussed.
Bombay High Court remands 11 refund appeals, instructs petitioner to provide details. A clerical error led to the initial rejection.
Discover the case of Drupad Menda vs PCIT, where the revision order under Section 263 for AY 2018-19 is challenged. Keyman Insurance Policy deductions in question.
Explore case of Manjeet Kaur vs ITO, where a penalty under Section 271(1)(b) was contested due to a reasonable cause amid Covid-19. Full ITAT Jaipur order analysis.
Read about the amendment in Circular No. 11/2013-Customs dated 06.03.2013, including Surat in the Bonded Warehouses scheme under Customs jurisdiction
Learn how to calculate tax relief under Sections 89 and 89A for arrears, gratuity, and foreign retirement benefits. Understand the steps and eligibility criteria.
Learn about the archiving of UDINs by the Institute of Chartered Accountants of India. Discover the phased approach to ease server load and access archived UDINs
Explore the RBI latest directions on presenting unclaimed liabilities transferred to the Depositor Education and Awareness (DEA) Fund in financial statements. Learn more
Explore the recent CBDT order under section 119 of the Income-tax Act, 1961, outlining the roles and responsibilities of Pr.CCsIT and Pr. CCIT (NaFAC) with a focus on Faceless Assessment.
