This article provides a comprehensive guide on how to recognize house property received from a JDA and its treatment under Income Tax and accounting standards.
Learn about GST exemptions for educational institutions in India. Understand what services are exempt and which are taxable, including hostel, transport, and uniforms.
Section 269SS of the Income Tax Act prohibits accepting cash loans or deposits of Rs. 20,000 or more. Non-compliance can lead to a 100% penalty under Section 271D.
Learn about taxation of income from house property under Income Tax Act, 1961. Understand how to calculate income for self-occupied and let-out properties.
Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in the event of certain defaults by the issuer company. This requirement is further echoed in Regulation 15(1)(e) of the SEBI (Debenture Trustees) Regulations, 1993.
Understand the old and new income tax regimes for salaried individuals in India for FY 2024-25. Compare tax slabs, deductions, and which option is best for you.
GST on the sale of used vehicles where input tax credit was not claimed and depreciation was, is levied on the margin (sale price minus written down value) and not the total sale price.
The dead hand is a legal concept where a person tries to control property long after their death. Learn about the restrictions under India’s Transfer of Property Act.
Calcutta High Court ruled that GST refund timelines are mandatory and that officers cannot reject claims based on extraneous grounds like office size or e-way bills.
The Calcutta High Court has reaffirmed that personal liberty and statutory safeguards must be upheld in GST investigations, emphasizing BNSS 35(3) notice before arrest.
