The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capital gains taxation, easing compliance and aligning with asset transfer principles.
The case addressed misuse of a public figure’s identity through AI-generated content and merchandise. The Court granted an injunction, holding such exploitation violates personality rights and causes reputational harm.
Explains Section 44AD applicability for non-specified professions, eligibility, limits, and tax audit rules under Sections 44AB and 44AA.
Section 63 of Income Tax Act 2025 sets audit limits, forms, due dates, and penalties for non-compliance in business and profession cases.
Allahabad HC held no offence arises if a married man lives with an adult woman in a consensual live-in relationship; grants protection to couple.
From April 2026, 8 cities qualify for 50% HRA exemption. New rules impact calculations, compliance, and disclosures for salaried taxpayers.
ITAT held spousal gift taxable under Section 68 due to lack of evidence on genuineness, bank trail, and donor capacity despite Section 56 exemption.
This guide explains why income is deemed to accrue in India under Sections 5 and 9 of the Income-tax Act, focusing on residential status, business connection, and indirect transfers.
The case explains how agricultural income remains tax-free under Section 10(1) but affects tax rates on other income. Key takeaway: partial integration applies when thresholds are exceeded.
The article highlights that trademark conflicts remain a major reason for rejection even when MCA auto-check shows no issue. It emphasizes the need for independent verification and proper NOC documentation.
