Tamilnadu Minerals Limited and its Company Secretary were penalized for holding only three board meetings instead of four during FY 2024-25, violating Section 173(1).
SRA Systems Limited was not penalized for failing to file Form BEN-2 as the foreign shareholder was dissolved before the compliance date, absolving the company of liability.
Know when higher TDS applies under Sections 206AA and 206AB for non-furnishing of PAN or non-filing of returns, and related exemptions and rates.
Understand the Taxpayer Information Summary (TIS), its features, access steps, and how it helps in reviewing income and financial data under AIS.
Overview of the Faceless Scheme for Income Tax: electronic assessments, appeals, penalties, and rectifications with no physical interface.
DGFT confirms that EODCs will not be withheld for AAs impacted by old Rule 96(10) if IGST was paid or pre-import conditions were met.
Learn how Indian residents can claim relief from double taxation through DTAA and Section 91. Understand Foreign Tax Credit rules, required forms, filing procedures, and eligibility for claiming tax credit on foreign income.
Non-filing of FY 2020-21 Annual Return led to Rs. 1.48 lakh company and Rs. 50k officer penalty, highlighting strict compliance enforcement under Section 92(5).
Learn about capital gains tax exemptions under Sections 54 to 54GB of the Income Tax Act, conditions for eligibility, and withdrawal of exemptions.
Understand tax implications of Joint Development Agreements (JDA) under Section 45(5A). Learn how capital gains, consideration value, period of holding, and TDS under Section 194-IC are calculated for individuals and HUFs.
