Rebate under Section 87A includes STCG for eligibility but cannot be applied to such income. This creates a limitation in tax benefit for taxpayers earning capital gains.
The issue was whether pigmy agents are independent service providers or employees. The Court held they are employees, so their remuneration is not a taxable supply under GST.
The issue was whether ITC is available on GST paid for leasehold rights used to build a plant. The ruling held ITC is blocked as the expense is linked to construction of immovable property, with capitalisation being the key factor.
The issue is whether traditional conflict rules can handle transnational torts effectively. The analysis shows they fall short in addressing multi-jurisdictional harm, highlighting the need for modern, adaptive legal frameworks.
The case explains how dividend income is taxed based on residential status and type of investment. It clarifies slab-based taxation for residents and special rates for non-residents, highlighting limited deductions.
The case highlights that TDS applies to multiple income categories including salary, interest, and contracts. It reiterates that failure to deduct or deposit TDS results in assessee-in-default consequences and penaltie
The Court granted bail as the accused had completed over one-third of the maximum sentence without trial progress. It reinforced mandatory application of statutory and Supreme Court guidelines.
Procedure under the Companies Act, 2013 and IEPF Rules, 2016 Introduction Equity shares for which dividends have remained unpaid or unclaimed for 7 consecutive years or more are subject to transfer, to the demat account, of the Investor Education and Protection Fund (IEPF) Authority. This ensures that unclaimed financial assets are safeguarded and can be […]
The issue involved taxation of intermediary services based on supplier location. The amendment shifts place of supply to recipient location, enabling export benefits and zero-rating.
The issue was identifying the correct transfer pricing method for intercompany transactions. The conclusion holds that TNMM is appropriate where one entity performs routine functions with available comparables.
