Gifts received from specified relatives are fully exempt from income tax under Section 56(2)(x). Learn the definition of ‘relative’ and mandatory ITR disclosure steps.
Learn Indian Income Tax payment methods (TDS, Advance Tax), the five heads of income, and how to calculate Total Income (taxable income) from Gross Total Income. Covers basic exemption limits, Section 87A rebate, and surcharge with marginal relief.
Understand the fundamentals of Indian Income-tax: its definition under the Income-tax Act, 1961, the administrative role of the CBDT, the concept of Previous Year vs. Assessment Year, tax collection methods (TDS, Advance Tax), and the distinction between taxable and exempt income.
Madras High Court ruled that correcting Aadhaar data is a fundamental right, directing UIDAI to ensure citizens can easily alter incorrect details and mandate decentralized update facilities.
A guide on ITR reporting for non-residents, including using passport numbers instead of TIN. Covers capital gains details, mandatory disclosures for foreign company directorships, and specific reporting rules for unlisted and delisted equity shares.
Analysis of GSTR-9 and 9C changes for FY 2024-25, including mandatory ITC segregation, new reversal disclosures, and detailed reconciliation requirements. Due date is Dec 31, 2025; exemption for turnover up to Rs.2 crore applies.
India is moving to regulate Big Tech’s anti-competitive practices like predatory pricing, self-preferencing, and data misuse. A new Digital Competition Act is proposed to introduce ex-ante (preventive) measures for Systematically Important Digital Intermediaries (SIDIs), enhancing the CCI’s role against monopolistic behavior.
India’s GST Council launches Fast Track Registration for SMEs, guaranteeing 3-day approval for low-risk entities. Features AI verification, simplified digital application, and instant GSTIN activation.
Understand the tax implications of employer-provided gifts for GST and Income-tax. Learn about the Rs.50,000 GST limit, perquisite tax rules, and essential compliance steps for HR and payroll.
Lenskart’s anticipated IPO is generating discussion over its high valuation (₹70,000 Crore post-issue). The company’s strength lies in its D2C, tech-enabled model, global expansion, and market leadership, despite recent profitability being driven by other income.
