"I am not an expert but a PL i.e. Perpetual Learner"
Understand the complexities in the taxation of Charitable Trusts post-Budget 2023. Navigate through changes in registration, donations, fund applications, and time limits. Stay compliant for tax-exempt status.
Navigate the complex tax implications of life insurance policies, ULIPs, and Keyman policies. Uncover the latest changes introduced by the Finance Act, 2023. Explore the tax status of normal life insurance policies, ULIPs, and Keyman insurance policies, ensuring you make informed financial decisions. From premium limits to TDS considerations, stay updated on the taxation landscape.
Explore the criminal liabilities of Key Management Personnel (KMPs) under the Companies Act, 2013. Understand statutory and vicarious liabilities, protection mechanisms, and aligning provisions for effective corporate governance.
Discover the nuances of deposits with a co-operative society by a charitable trust under Section 11(5) of the Income Tax Act, 1961. Learn from judicial rulings for compliant investments.
Explore the intricacies of transactions by charitable trusts with specified persons under Section 13(3) of the Income Tax Act, 1961. Learn about exemptions, restrictions, and compliance to ensure lawful dealings.
Understanding the impact of GST exemption withdrawal on overseas freight for exporters. Learn about the challenges and implications.
Brijesh Sharma Vs DCIT (ITAT Jaipur) During the Assessment assessee submitted to the AO vide letter dated 12.11.2014 that the assessee had purchased a plot of land situated in Jaipur for disclosed consideration of Rs. 5,21,000/- which was paid by cheque. The AO issued summon u/s 131(2) the seller, Smt. Choti Devi. In her statement […]
Instantly, we are confronted with a situation in which the revision was initiated on the basis of the AO sending a proposal to the CIT and not on the CIT suo motu calling for and examining the record of the assessment proceedings and thereafter considering the assessment order erroneous and prejudicial to the interests of the revenue.
Whenever a director acts intentionally to harm the interest of company and acts dishonestly, he will be held liable under breach of fiduciary duty. Whenever a director does not act within the prescribed limits of the memorandum or articles of association of the companies, company is not liable for such acts and director concerned is liable for all such actions.
Presently entire country is engulfed in the pandemic and citizens are running towards Hospitals to save lives of their near and dears. At this juncture, Govt. has to come forward for all fiscal and non-fiscal reliefs. Govt. may be considering to extend the various dates under the Direct and Indirect Tax. However the provisions of […]
