Understand taxation of partnership firms in India, covering firm-level tax, partner remuneration, capital contributions and tax implications during reconstitution or dissolution under Income Tax Act, 1961.
Understand IBC Section 24(3)(c) regarding operational creditors’ right to receive notice for Committee of Creditors meetings when their aggregate dues meet the 10% threshold.
#AD Investing in today’s digital age is no longer a privilege for a few. It is a right and an opportunity for every financially aware Indian. If you’re above 18, one of the smartest steps you can take is to open Demat account. This account is your gateway to the world of stock markets and […]
Kerala High Court grants bail, stating a consensual relationship turning sour isn’t rape. Court emphasizes caution in false allegations and misuse of law.
Brief overview of IBC: The Insolvency and Bankruptcy Code (IBC) is a law made by the Indian government in 2016 to help companies, individuals, or businesses that are unable to repay their debts. Before this law, solving such problems used to take many years and involved multiple laws and courts. IBC changed that by creating […]
Calcutta High Court emphasized that refund denials cannot be sustained unless deficiencies are effectively and electronically communicated to applicant via GST portal.
Understand the legal framework for retracting statements made to GST officers in India, including procedures, conditions for acceptance, and relevant judicial precedents.
Learn about Trust Registration in India for charitable initiatives. Understand the process, benefits like tax exemptions, and essential steps to establish your non-profit legally.
Two significant provisions under this law are Section 89 and Section 90, which deal with the concepts of Beneficial Interest and Significant Beneficial Ownership (SBO) respectively. While these terms may seem similar, they address different compliance objectives and disclosure requirements.
GST Registration as a Fundamental Constitutional Right: Judicial Safeguards Against Arbitrary Cancellation Abstract The Goods and Services Tax (GST) registration system in India has witnessed numerous instances of arbitrary cancellation by tax authorities, raising significant constitutional concerns. This article examines how GST registration constitutes a fundamental constitutional right under Articles 14, 19(1)(g), and 21 of […]
