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Introduction: The financial year 2023-24, corresponding to the assessment year 2024-25, introduces significant amendments that impact taxability, exemptions, and deductions. These changes are pivotal for taxpayers aiming to navigate the altered fiscal landscape effectively. Understanding these amendments is crucial for optimizing tax plan...

Explore the nuances of Section 43B(h) introduced in the Income Tax Act, 1961 by the Finance Act, 2023, focusing on its impact on payments to Micro and Small Enterprises....

Explore whether an agreement to sell qualifies as a transfer under Capital Gains Tax according to the Income Tax Act, 1961....

Delve into Section 43B(h) of the Income Tax Act, 1961, focusing on its impact on timely payments to MSEs, with illustrations and key takeaways for businesses....

Discover whether the newly introduced Section 43B(h) of the Income Tax Act is a Boon or a Bane for MSMEs. Is it an opportunity for Industrialists or a possible challenge? ...

Explore legal perspectives and judicial precedents regarding Tax Deducted at Source (TDS) applicability on Common Area Maintenance (CAM) charges under Section 194I of Income Tax Act....

Explore the US Corporate Taxation overview in the Tax Cuts and Jobs Act (P.L. 115-97). Learn more about its flat 21% rate & the move to a territorial system....

Explore the legal framework, exemptions, and compliance challenges surrounding the obligation of foreign companies to file income tax returns in India. Learn about transfer pricing requirements and the implications of non-compliance....

Understanding Section 43B(h) of the Income Tax Act regarding payments to MSME suppliers. New tax implications from AY 2024-25. Learn criteria, implications, and practical scenarios....

Delve into the provisions of Income Tax Act Sections 153A & 153C, governing assessments after search or requisition. Learn from court rulings and expert interpretations....