Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including turnover and presumptive taxation rules.
Explore the Prevention of Money Laundering Act (PMLA) in India, ED powers, and significant Supreme Court rulings impacting anti-money laundering efforts.
Understand the Hindu Succession Act’s rules of inheritance for coparcenary property, including amendments for daughters’ rights. Learn how property is distributed among Class I and Class II heirs, agnates, and cognates.
Explore the new manufacturing norms (NMN) in India aimed at boosting SME growth. Learn about eligibility criteria, investment thresholds, and benefits for small and medium enterprises.
Explore the implications of GST on contributions to housing societies. Learn about exemptions, liability on corpus funds, and taxation on common area electricity charges.
Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legislative framework, judicial interpretations, and penalties.
Explore ITAT Mumbai’s order on sundry creditors from bogus purchases. Learn about tax implications, sections 68 and 41(1), and the importance of accepted transactions.
Learn about the taxation of virtual digital assets (VDAs) and the set-off of losses on the sale of one VDA against the profit on the sale of another VDA. Explore the provisions under section 115BBH, the confusion surrounding set-off rules, and the implications for Bitcoin transactions. Gain insights into the classification of VDAs, the treatment of NFTs, and key considerations for taxation.
Every year the government brings out and/or make provisions for introduction, amendment , deletion etc. of laws which are necessary under the circumstances then obtaining. In addition, certain explanations / clarifications /provisos are also inserted/ modified /deleted. Many a times it becomes difficult to understand if these changes of law would operate prospectively or retrospectively.
Explore the potential pitfalls and opportunities of the new income tax amnesty scheme. Learn how to convert black money into white without facing taxes. Understand the implications for individuals and the economy.
