Stay informed about the Supreme Court of Indias recent decision unsettling the settled legal position on the mandatory or directory nature of submission requirements (Form 10B, Form 9, Form 10CCB, etc.) for claiming tax exemptions or deductions. Explore the impact of PCIT Vs Wipro Limiteds judgment, highlighting the need for strict compliance with exemption provisions. Learn about the principles of statutory interpretation and the evolving stance on filing audit reports for availing tax benefits.
Discover the RBIs latest directive banning the loading of prepaid payment instruments (PPI) from credit lines, impacting fintech entities, wallet providers, and non-banking financial companies. Uncover the legal framework, practices prior to the directive, and potential implications for PPI issuers. Stay informed about the applicability of the directive to both banks and non-bank PPI issuers, and the ongoing discussions within the fintech industry seeking government intervention.
Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer can provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information).
Explore the nuances of TDS under Section 194R and Section 194S of the Income Tax Act, 1961, introduced by the Finance Bill 2022. Uncover the implications and requirements for businesses and individuals, covering aspects such as deduction rates, applicable entities, and specific scenarios like benefits, perquisites, and virtual digital asset transfers. Stay informed about the proposed changes and potential challenges.
Explore the pros and cons of Udyam Registration for freelancers, proprietors, and small entities. Learn about the benefits, eligibility, and the step-by-step process of MSME registration. Stay informed about the advantages such as easy access to tenders, lower interest rates, and tax rebates, while considering potential challenges like GST filing costs. Make an informed decision for your business growth.
Dive into the complexities of Income Tax Act seizures of gold jewelry and bullions in India. Explore the significance of gold, the authority granted under Section 132, and the relief available to taxpayers through CBDT circulars and judicial pronouncements. Stay informed about the regulations and procedures to navigate tax implications.
Explore the changes in the Limited Liability Partnership Act, 2008, brought about by the LLP (Amendment) Act, 2021. Part IV focuses on the inserted sections (Section 67A to 81), covering special courts, procedures, powers, appeal, revision, electronic filing, registration offices, jurisdiction, cognizance of offenses, and rule-making powers. Stay updated on LLP regulations.
Article includes an introduction, followed by the details of business options available in UAE along with type of registration process.
Understanding the recent changes in GST for the transportation sector, including options for Goods Transport Agencies (GTA) and applicable tax rates.
Understand the tax implications of selling shares, mutual funds, or bonds. Learn about capital gains tax and cost of acquisition for different types of securities.
