Explains tax compliance under the Income Tax Act, 1961, focusing on employees’ non-liability for employer’s TDS deposit failures, with key court rulings and provisions.
Understand SEBI’s insider trading rules under PIT Regulations 2015, focusing on UPSI, insider definition, and penalties for non-compliance under the SEBI Act.
Learn the steps involved in the incorporation of a company under the Companies Act 2013, including document requirements and the registration process.
GST portal’s new Invoice Management System poses challenges for quarterly filers, including ITC uncertainty, manual reconciliation, and increased compliance efforts.
Learn about the process for registration, modification, and satisfaction of charges under the Companies Act 2013 with related forms and penalties.
Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing procedures, amendments, and consultations.
Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capital gains. Krishna (Fictional Character): Yes, Arjuna. It’s a noteworthy Beena Manishbhai Fofaria V/s CIT(Appeals) case that clarifies the application of Section 87A, especially after the amendments brought by the Finance Act, 2023. This ruling is […]
Census 2025 data will aid in reshaping India’s tax policies, addressing inequality, boosting economic inclusion, and driving reforms for sustainable development.
Understand penalties for under-reporting and misreporting of income in transfer pricing adjustments, as per the Income Tax Act 1961.
Depreciation is statutory deduction that allows businesses to set off cost of their tangible & intangible assets over their useful life. Income Tax Act, 1961, offers framework for claiming depreciation, designed in such way that reduce financial burden on businesses by acknowledging wear & tear that assets undergo over time. This approach encourages investment, facilitates upkeep of assets, and ultimately strengthens business sustainability.
