Introduction and statutory backdrop Section 80G of the Income-tax Act, 1961 provides for a deduction to donors who make contributions to specified funds or charitable institutions. The legal text enumerates the categories of funds and institutions and prescribes the quantum of deduction (50% or 100%, with or without restriction) available to the donor. An entity […]
Know the 2025 compliance schedule for One Person Companies, including filing deadlines, annual returns, director KYC, penalties, and tax obligations.
A legal analysis clarifies that GST’s ITC restriction for used cars applies only to the vehicles themselves, not other supplies like repairs, despite a notification’s broad wording.
Understand how functionality test determines Input Tax Credit (ITC) eligibility for buildings under GST. Learn about key court rulings and legal precedents.
The Supreme Court directs High Courts and lower courts to decide on all bail applications within two months, citing that personal liberty cannot be left in abeyance.
Supreme Court guidelines clarify that a delayed death due to medical complications doesn’t negate a murder charge if the original injuries were sufficient to cause death.
Examine how landmark case laws like Satyam, Sahara, and Tata Sons influenced the drafting and interpretation of India’s Companies Act, 2013, and its rules.
Examine key case laws like Vodafone and Cairn Energy that prompted major legislative changes to India’s Income-tax Act, including retrospective amendments and their rollbacks.
The CBIC circular clarifies how post-sale discounts affect GST, ITC, and promotional activities, providing guidance for manufacturers and dealers.
Understand the difference between FCGPR and FCTRS reporting forms, their filing procedures, and the penalties for non-compliance in foreign investment transactions.
