Learn about Form 12BAA, introduced for employers to credit TCS for employees, ensuring accurate TDS calculation and easing tax compliance.
Learn about the partition of Hindu Undivided Family (HUF), its legal process, tax implications under Section 171, and the criteria for recognition by tax authorities.
The Supreme Court ruling in UOI vs. Rajeev Bansal clarifies reassessment provisions post-April 2021 under Income Tax Act, extending time limits via TOLA.
Understand the differences between appellate powers u/s 251, revisional powers u/s 263, and 264 of the Income Tax Act, and how they affect taxpayers and revenue.
The e-Dispute Resolution Scheme (e-DRS) offers small taxpayers a faceless, digital platform for faster, transparent tax dispute resolution, focusing on minor disputes.
Explore India’s taxation framework for Virtual Digital Assets (VDAs), covering a 30% tax on VDA transfers, 1% TDS, legal status, and comprehensive CBDT guidelines.
Summary: The Vivad Se Vishwas Scheme, 2024 has been introduced to expedite the resolution of tax disputes and reduce litigation, following the success of the first scheme launched in 2020. Despite resolving 1.46 lakh cases and recovering ₹0.54 trillion, in VsV 202, tax appeal pendency has risen again, with over 5.44 lakh cases pending before […]
Learn about the block assessment scheme in income tax, its key features, and how it impacts search and seizure cases under the Finance Act (No.2), 2024.
Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive taxation options.
Angel tax removal promises easier investments for startups. However, concerns over valuation, existing litigations, and tax authorities challenges remain unresolved.
