Section 158 makes quoting Director Identification Number (DIN) mandatory in statutory filings. Non-compliance can lead to substantial penalties and continuing default consequences under Section 172.
Family members actively working in a business without proper remuneration or tax reporting may create inconsistencies in ITRs, AIS, and banking records. Proper documentation and reporting help reduce tax compliance risks.
This article explains when taxpayers can avoid penalties under GST Section 73 by paying tax and interest at the right stage. Learn the timelines that provide complete relief from penalty in non-fraud cases.
Sections 334 to 338 prescribe a separate taxation framework for registered NPOs. Specified income arising from violations such as anonymous donations, prohibited investments, and misuse of funds is taxable at 30%.
The article explains how labour code reforms have increased retirement-related contributions, reducing immediate take-home salaries. It highlights the need for payroll transparency and employee awareness regarding compensation structures.
The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that banking liquidity stress and inadequate cash supply are emerging as serious economic concerns.
AY 2026-27 requires structured reporting of long-term and short-term gains from shares and mutual funds. Particular attention is needed for shares acquired before January 31, 2018, where scrip-wise reporting remains mandatory.
The guide explains deferred tax assets and liabilities, timing versus permanent differences, MAT implications, measurement rules, and how tax-accounting mismatches affect future tax obligations.
The guide explains Sections 54 to 54GB, showing how taxpayers can claim capital gains tax exemptions through reinvestment, subject to eligibility, timelines, limits, and compliance conditions.
The guide explains Sections 206AA and 206AB, detailing higher TDS consequences for non-furnishing of PAN and return-filing defaults, applicable exceptions, compliance checks, and the impact of Section 206AB’s omission from 1 April 2025.
