Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Fema / RBI : The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with fle...
Company Law : The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% addition...
Goods and Services Tax : IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility ...
Income Tax : The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value,...
Finance : The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regula...
Corporate Law : The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, ...
Corporate Law : The ruling clarifies that digital processes are encouraged but not mandatory, ensuring workers rights are protected even through p...
Company Law : The law removes sector-based exclusions and extends minimum wage protection to all employees. It confirms universal coverage acros...
Corporate Law : The FAQs explain the uniform wage definition and the 50% allowance cap across all Codes. Gratuity applies prospectively from 21 No...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
Goods and Services Tax : ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior yea...
SEBI : The notice outlines detailed guidance on filing financial results under Regulation 33, covering timelines, disclosure norms, and r...
Filing Form 18 is essential to obtain specified business status for housing projects. Without notification, tax benefits under Section 46 cannot be claimed.
Entities must file Form 17 to obtain approval for research-related tax benefits. Proper filing ensures eligibility and compliance with statutory conditions.
Form 16 certifies total donations made for scientific research and must be issued annually by prescribed institutions. However, deduction is subject to statutory conditions and verification by tax authorities.
Institutions receiving research donations must file Form 15 annually. Non-compliance may impact donor deductions and attract consequences under the law.
Form 14 provides formal approval of in-house R&D facilities by DSIR. However, deduction is allowed only upon fulfilment of statutory conditions and verification by tax authorities.
The document clarifies that furnishing the audit report is only a compliance requirement. Deduction is subject to further scrutiny by the Income-tax Department. This ensures accountability in claiming tax incentives.
Form 12 provides certified details of R&D expenditure, enabling authorities to verify deduction claims under section 45(2).
Form 11 must be filed by companies seeking approval of in-house R&D facilities under Section 45(2). While it establishes eligibility, actual deduction depends on compliance with statutory conditions and verification.
Form 10 requires prescribed authorities to report approved research programmes to tax authorities. It ensures monitoring and verification of deductions claimed under the law.
Form 9 is a key document evidencing payments to approved research programmes. It supports deduction claims but does not guarantee eligibility.
