The article highlights how higher GST on battery rentals erodes cost advantages of BaaS. It emphasizes the need for tax alignment to support EV adoption.
The issue is whether agricultural income affects eligibility for rebate under Section 87A. The article explains that legally, total income excludes such income, supporting rebate claims. However, ITR utilities may deny the benefit, creating a compliance risk.
The New Tax Regime restricts Section 24(b) benefits, disallowing set-off of home loan interest against salary income. Taxpayers must compare regimes carefully before opting.
Explains how director funding, though permitted under company law, can create adverse tax consequences if inconsistently classified or documented.
Explains when director cash infusions qualify as current account transactions and why genuine business support may fall outside Section 269SS penalties.
