Premiums are deductible as business expenses, but proceeds are fully taxable. Assignment may trigger salary taxation, making careful planning essential.
The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Section 50B, while asset-wise transfers follow normal tax provisions.
Budget 2026 simplifies GST rules on post-sale discounts by removing strict conditions. Businesses can now claim deductions more flexibly through credit notes.
The new circular allows flexible DIN referencing instead of strict quoting. However, it does not validate cases with complete absence of DIN or jurisdictional defects.
The article examines growing preference for quick digital games. It highlights that instant access, short sessions, and mobile optimization drive user engagement.
The scheme allows companies to clear pending filings by paying only 10% of additional fees. It offers a limited-time relief to reduce compliance burden and avoid penalties.
The new tax framework significantly reduces complexity by cutting sections, rules, and forms. It improves readability through structured drafting and modern presentation.
Recent ROC orders confirm that failure to file MSME Form 1 is no longer treated as a minor lapse. Non-filing leads to adjudication proceedings, with penalties imposed on both companies and directors.
RBI plans to ease registration norms for low-risk NBFCs to reduce compliance burden. The move aims to encourage innovation while maintaining financial stability through targeted regulation.
The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoing proceedings while keeping all constitutional issues open.
