Entities must file Form 17 to obtain approval for research-related tax benefits. Proper filing ensures eligibility and compliance with statutory conditions.
Institutions receiving research donations must file Form 15 annually. Non-compliance may impact donor deductions and attract consequences under the law.
The framework requires taxpayers to file Form 5 to claim deduction for preliminary expenses. Failure to file or incorrect reporting may lead to disallowance and compliance risks.
The case involved holding two DINs for 1462 days in violation of statutory provisions. The authority imposed a reduced penalty considering mitigating circumstances.
The case involved obtaining a duplicate DIN in violation of statutory provisions. The authority imposed a reduced penalty considering the unintentional nature of the default.
The case involved delayed approval for appointing a non-resident whole-time director. Authorities held that the 90-day period must be calculated from the date of appointment, leading to penalties for non-compliance.
Inspections revealed absence of Principal and Compliance Officers and inadequate infrastructure. IFSCA initiated regulatory action to enforce strict compliance.
The government has approved a university under Section 35(1)(ii), enabling donors to claim tax deductions for research contributions. Compliance with reporting and certification requirements is mandatory.
The government has updated tariff tables under customs law but retained existing values for palm oil, gold, silver, and areca nuts. The move ensures continuity without impacting import valuation.
Resolved firms demonstrated improved operations and investment activity. The findings confirm successful business revival.
