Get clarity on the taxation rules applicable to various categories of mutual funds – equity, debt, and hybrid, under Sec 80C of the Indian Income Tax Act.
Authorized share capital of the company is the maximum permissible limit set by the shareholders of the Company that allows the Company/Board to issue shares of the Company.
Explore the 15 major decisions taken in the 50th GST Council meeting held on 11th July 2023, including GST rate reductions, exemptions for cancer-related drugs, and measures for trade facilitation. Stay informed about changes in GST tax rates, compliance procedures, and initiatives to streamline processes. The decisions made by the GST Council will become part of the GST law through future notifications issued by CBIC. For detailed insights and professional advice, consult IGTM Tax Advisory.
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Understand the critical role of the initial enquiry under Section 148A(a) for taxpayer protection in income tax assessments. Explore the significance of the initial enquiry in gathering relevant information, ensuring a reasonable basis, and providing the assessee an opportunity to explain. Learn from recent court decisions, such as CIT v. Ravindra Kumar Jain and CIT v. Pradeep Kumar Gupta, emphasizing the importance of credible and reliable evidence before issuing orders under Section 148A(d). Stay informed to protect your rights and navigate the assessment reopening process effectively.
Explore the key decisions taken in the 50th GST Council Meeting held on July 11, 2023. Discover relaxations for taxpayers, changes in rates, modifications in physical verification requirements, and updates on the GST Tribunal. Stay informed about amendments in amnesty schemes, exemptions for cancer-fighting drugs, and reduced GST rates. Get insights into system-based intimation on excess ITC, non-mandatory ISD mechanism, and restrictions on refund of accumulated ITC. Stay updated with the latest GST reforms.
Both the Micro, Small, and Medium Enterprises Development Act 2006 (MSMED Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI Act) contain non-obstante clauses and often cause confusion with respect to their applicability.
Discover the tax advantages of home loans under the Income Tax Act, 1961. Explore Sections 24B, 80C, 80EE, and 80EEA, which offer deductions for interest on loan borrowed, principal repayment, and additional deductions. Gain insights into eligibility criteria and maximize your tax benefits.
Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections such as 192, 193, 194, and 195, which cover various payment scenarios where tax deduction is required. Learn about TDS rates, thresholds, and implications for different types of income.
Facing issues with ITR filing? Explore FAQs on ITR-2 Capital Gain Schedule for FY 2022-23. Learn how to report securities & mutual funds sale, find total sale value, and compute Short-Term Capital Gain Tax. Get insights on reporting long-term capital gains, dealing with losses, and resolving errors. For expert guidance.
