Comparison of ITR-U (Section 139(8A)) and Condonation of Delay of ITR (Section 119(2)(b)) Introduction The Income Tax Act, 1961, provides different mechanisms for taxpayers to address missed deadlines for filing Income Tax Returns (ITR). Two key provisions in this regard are: ITR-U (Section 139(8A)) – Allows taxpayers to update their returns by paying additional tax. […]
February 2025 GST Case Law Compendium covers significant High Court and Supreme Court judgments on key GST issues. Orders issued under Section 73 without manual or digital signatures were deemed invalid, highlighting procedural compliance.
Discover key challenges in sustainability reporting, including multiple frameworks, data complexity, and regulatory compliance. Learn about ESG reporting trends.
Article explains provisions related to income from house property, calculation of such income, exemptions available, and applicable tax rates under Income Tax Act.
Striking off an LLP dissolves it, but future claims may arise. It applies to LLPs inactive for 1+ years, with an Indemnity Bond ensuring liability coverage.
Learn the key differences between tax avoidance and tax evasion in India, legal provisions, real-world cases, and government measures to curb tax evasion.
Explore the different modes for starting a finance business in India, including Money Lending, NBFCs, Nidhi Companies, and Co-operative Societies.
Explore India’s evolving tax landscape, including GST reforms, AI-driven compliance, international tax treaties, green taxation, and digital tax policies shaping the future.
SEBI ICDR Regulations, 2018 apply to IPOs, rights issues, preferential issues, and more. Learn about their applicability and non-applicability in the securities market.
Understand the concept of an assessee under the Income Tax Act, its classifications, roles, responsibilities, and available tax benefits in this detailed guide.
