As you are aware that Capital Gain Tax is charged on transfer of Capital Assets under provisions of Section 45 to 55A of the Income Tax Act, 1961. The main ingredients of Capital Gain Tax are ; 1. There should be a Capital Assets means property of any kind held by an assessee whether or […]
Get the latest updates on income tax return under section 139(8A). Learn about the concept of ‘updated return’ introduced by Finance Act 2022.
Yes, what you have heard is correct. You have to keep your phone away, if you want to be one step ahead of others. If you want to receive something, first you have to give something.
The Reserve Bank of India introduced Integrated Ombudsman Scheme, 2021 on 12th November, 2021. This scheme amalgamates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank […]
Dive into the consequences of cash transactions under the Income Tax Act. Unveil violations, TDS implications, and disallowed expenses. Understand the intricacies to stay tax-compliant.
Unlock tax savings with home loans! Dive into deductions under sections 24(b), 80EE, 80EEA & 80C. Krishna and Radha’s conversation simplifies conditions and benefits. Maximize your tax benefits now!
Analysis of CBDT Instruction dated 11.05.2022 on the validity of notices issued under section 148 for AY 2013-14, 2014-15, 2016-17, and 2017-18 after 31/03/2021. Uncover legal perspectives and implications.
Understand the requirements of the Companies Act, 2013 for board of directors. Learn about the composition, committees, and responsibilities of the board.
Learn about the Insolvency and Bankruptcy Board of India and its role in implementing the Insolvency and Bankruptcy Code, promoting entrepreneurship and balancing the interests of stakeholders.
The amendment introduced in the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 promulgated on 6 June 2018. Vide this amendment new concept has been introduced i.e. appointment of Authorised Representative for ‘class of creditors’.
