The ruling clarifies that capital reduction involving foreign shareholders is treated as a transfer. FEMA compliance and tax implications must therefore be carefully followed.
Explains how non-obstante clauses give priority to special tax provisions over general rules. Clarifies that the override applies only to the extent of actual conflict.
Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may outweigh any compliance benefit.
Examines how courts scrutinized GST arrests and bail where tax evasion was inflated through extrapolation. Key takeaway: evidence-based figures matter more than assumptions.
Explains how Section 74A reshapes GST penalty computation under a unified framework. Key takeaway: penalty rates remain similar, but timelines and flexibility are significantly improved.
The issue was whether leasing a residential property to a company defeats GST exemption. The key takeaway is that exemption depends on residential use, not who the lessee is.
The issue covered is how and when India’s Budget is presented and who set major records. The takeaway is an overview of important milestones, from timing changes to paperless budgets.
This clarifies the eligibility for direct conversion into an LLP. The takeaway is that compliance with the LLP Act and Rules enables a one-step conversion.
The court held that the 2025 GST exemption applies only to individual and family floater health policies. Group insurance, even when taken by seniors, remains taxable at 18%.
Key clarifications from RBI FAQs on Priority Sector Lending (PSL), covering loan classification, ANBC, targets, specific sectors, PSLCs, on-lending, and co-lending.
