Karnataka High Court in Sri Chandrashekaraiah v. State of Karnataka issued guidelines for determining discrepancies arising on tax calculation for Pre-GST works Contracts.
Understand the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (PIT) Regulations, 2015, regarding the maintenance of documents. Explore the illustrative list of documents, preservation periods, and archival policies for listed entities.
Explore the GST impact on the sale of leasehold land, a critical issue facing industries nationwide. Understand the legal provisions, exemption notifications, and conflicting judgments. Get insights on valuation, input tax credit, and the need for clear government guidance.
A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 even for one day. Once he attains 60 years, his status as senior citizen in that financial year, gives him some relief .There are not many income tax exemptions available for senior citizens.
Every year the residential status of the taxpayer is to be determined by applying the provisions of the Income-tax Law designed in this regard (discussed later) and, hence, it may so happen that in one year the individual would be a resident and ordinarily resident and in the next year he may become
Most of the employees are likely to use one or more social platforms. Whatever they post on their personal accounts can be a potential or unforeseen risk for the organisation if they share sensitive information.
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing his return of income. Once the return of income is filed by the taxpayer
What incomes are charged to tax under the head Capital Gains? Ans: Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head Capital Gains.
Understand Corporate Tax Rates for AY 2021-22, AY 2022-23, AY 2023-24 & AY 2024-25. Learn about exemptions, conditions, and implications for companies. Stay informed for effective tax planning.
Discover the significance of implementing an audit trail in your company’s data management processes. Learn about the benefits of maintaining a comprehensive audit trail, the management’s role and responsibilities, and the preservation requirements. Enhance data security and promote good corporate governance practices.
