Income Tax : The case highlights how expanded benami provisions expose informal family arrangements to confiscation and penalties. Courts stres...
Income Tax : Tax-loss harvesting helps investors offset losses against gains to reduce tax liability. The key takeaway is that strategic timing...
Income Tax : Many tax-saving investments carry hidden costs like STT, expense ratios, and exit loads. The analysis highlights that these charge...
Income Tax : The Supreme Court clarified that tax planning is valid only when backed by real commercial substance. It held that artificial stru...
Income Tax : Tax loss harvesting allows investors to sell loss-making shares to offset capital gains and reduce tax liability. This strategy he...
Income Tax : Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code...
Finance : Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from p...
Income Tax : Bhoruka Steel Limited (BSL) was incorporated in the year 1969. The company became a sick industrial company within the meaning of...
Income Tax : Wallfort Shares & Stock Brokers, a Five Member Special Bench of the Tribunal (96 ITD 1 (Mum) (SB)) and the Bombay High Court (310 ...
The case highlights how expanded benami provisions expose informal family arrangements to confiscation and penalties. Courts stress strict compliance and genuine ownership proof to avoid adverse action.
Tax-loss harvesting helps investors offset losses against gains to reduce tax liability. The key takeaway is that strategic timing of loss utilisation can significantly enhance long-term tax savings.
Many tax-saving investments carry hidden costs like STT, expense ratios, and exit loads. The analysis highlights that these charges significantly reduce effective returns despite tax benefits.
The Supreme Court clarified that tax planning is valid only when backed by real commercial substance. It held that artificial structures without economic activity cannot claim treaty benefits.
Tax loss harvesting allows investors to sell loss-making shares to offset capital gains and reduce tax liability. This strategy helps optimize taxes while maintaining long-term investment positions.
This analysis explains how employer-leased cars reduce taxable salary since only a prescribed perquisite value under Rule 3 is taxed instead of full lease cost. It highlights significant tax savings despite minor perquisite additions.
One of the main ways the government raises money is through taxes, which also have a big impact on a nation’s economic growth. In India, public welfare initiatives including infrastructure development, healthcare, education, and social security programs are funded by taxes paid by both individuals and corporations. In addition, people frequently search for methods to lower their tax liability
A legal and practical analysis of India’s tax complexity, challenges faced by taxpayers, judicial insights, and reforms aimed at simplification and fairness.
This explains how an HUF is recognised as a separate taxable entity and how it is taxed. The key takeaway is that HUF remains a lawful and effective tax planning structure when used correctly.
The article analyses when a company buys a house jointly with its director and allows personal use. The key takeaway is that arm’s length rent is safer than rent-free occupation.
