India and Mauritius have amended the DTAA, adding a principal purpose test (PPT) rule to close tax loopholes and align with global norms. Explore its impact on FPI and FDI.
Understand the tax implications of Raksha Bandhan gifts. Learn about exemptions for gifts from relatives and the tax rules for gifts from non-relatives.
Bombay HC criticizes Pune Police for copying FIR from private complaint, highlighting legal implications and citizen harassment issues.
In Mineral Area Development Authority v. Steel Authority of India, the nine-Judge Bench of this Court clarified the legal position by overruling India Cement Ltd. v. State of Tamil Nadu and related decisions. Following this, there was a request for prospective application of the judgment. Hearings were scheduled to determine whether the ruling should be applied prospectively.
The Finance (No 2) Act 2024 has been notified on 16th August 2024. The Finance Act sections 1 to 99 (Page 1 to 54) amends Income Tax Act, section 158 (Page 68 to 69) amends Prohibition of Benami Property Transactions Act and section 164 (Page 70 to 71) amends Black Money Act. The key amendments […]
The Finance (No 2) Act 2024 been notified on 16th August 2024. The Finance Act sections 114 to 157 Page 114 to 157 (Page 67 to 68) amends Goods and Service Tax, and sections 100 to 111 (Page 54 to 56) amends Customs Duty. The key amendments are summarised as follows: Goods and Service Tax […]
The provisions of Income Tax Act, provide for mechanism of filling of appeals against orders passed under the proceedings of the Act, both by tax payer and the Department before respective appellate Authority, such as Joint Commissioner of Income Tax (Appeals), Commissioner of Income Tax (appeals), the Income Tax Appellate Tribunal, High Court and Supreme […]
भारत में बढ़ते हुए बाजार के प्रभाव को देखते हुए भारत सरकार ने ग्राहक / उपभोक्ता के अधिकारों को संरक्षित करते हुए उपभोक्ताओं के लिए उपभोक्ता संरक्षण अधिनियम 2019 बनाया। जिसका उद्देश्य उपभोक्ताओं के अधिकारों की रक्षा करना, तथा एक्ट में उपभोक्ताओं को छह मौलिक अधिकार प्रदान किए गए
Learn the step-by-step process to incorporate a Private Limited Company in India, from DSC and MCA ID to name reservation and post-incorporation compliance.
Overview of GST tax liability, self-assessment, and the distinction between scrutiny under Section 61 and actions under Sections 73 and 74 of the CGST Act.
