Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capital gains. Krishna (Fictional Character): Yes, Arjuna. It’s a noteworthy Beena Manishbhai Fofaria V/s CIT(Appeals) case that clarifies the application of Section 87A, especially after the amendments brought by the Finance Act, 2023. This ruling is […]
Census 2025 data will aid in reshaping India’s tax policies, addressing inequality, boosting economic inclusion, and driving reforms for sustainable development.
Understand penalties for under-reporting and misreporting of income in transfer pricing adjustments, as per the Income Tax Act 1961.
Depreciation is statutory deduction that allows businesses to set off cost of their tangible & intangible assets over their useful life. Income Tax Act, 1961, offers framework for claiming depreciation, designed in such way that reduce financial burden on businesses by acknowledging wear & tear that assets undergo over time. This approach encourages investment, facilitates upkeep of assets, and ultimately strengthens business sustainability.
जानें धारा 16(5)(6) के तहत ITC दावे के लिए सुधार प्रक्रिया और 2024 की अधिसूचनाएं, आवेदन प्रक्रिया, समयसीमा व अन्य महत्वपूर्ण जानकारी।
The Supreme Court upholds CENVAT credit for telecom infrastructure, ruling in favor of telecom operators on towers and shelters.
Allahabad HC rules out penalty under Section 129 for technical error in e-way bill, highlighting no intent to evade tax.
Understand related party transactions, their regulatory framework under the Companies Act and SEBI LODR, and their role in corporate governance and compliance.
Patna HC finds Bihar Prohibition Act misused for personal gains by officials, impacting the poor. Suspension of a police inspector quashed for violating natural justice.
Discover key factors affecting personal loan eligibility, including credit score, income, and debt-to-income ratio to improve approval chances.
