HUF allows families to create a separate tax entity with its own PAN and ITR, enabling income splitting and slab-wise benefits. This reduces overall tax liability when income is distributed lawfully.
Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway is that the format changes, but the core purpose remains the same.
The law defines business broadly to include trade, commerce, and even single transactions. The key takeaway is that intent and nature of activity determine tax treatment.
The Bill replaces imprisonment and fines with fixed civil penalties for procedural defaults. This marks a major shift toward ease of compliance while maintaining accountability.
The issue is whether renting of immovable property is taxable under GST. The key takeaway is that residential renting may be exempt, while commercial renting is generally taxable.
Geopolitical tensions are forcing reassessment of ECL assumptions under IFRS 9. The key takeaway is that forward-looking risk adjustments are essential to avoid misstatement of financial assets.
The article explains how pricing is set across different capital raising methods. The key takeaway is that pricing depends on regulatory formulas, valuation methods, and market forces.
The article discusses the rise of zero-balance accounts that remove penalties linked to minimum balance requirements. It highlights how digital onboarding simplifies account opening through mobile-based processes.
The case highlights NPS as one of the few deductions available in the new tax regime. Employer contributions remain fully deductible. The ruling underscores NPS as a key tax-saving tool.
The issue was whether leasing to a company disqualifies exemption for residential renting. The Court held that exemption depends on end-use as residence, not the recipient. The key takeaway is that residential usage prevails over contractual structure.
