The document highlights that start-ups enjoying exemption must comply with prescribed restrictions on investments and asset acquisitions. Failure to meet these conditions can result in taxation of excess premium and penalty consequences.
The Income Tax Department has clarified that individuals and HUFs paying rent above ₹50,000 per month must deduct TDS under Section 194-IB. The guide explains deduction rates, compliance requirements, and filing procedures.
The guide outlines exemptions available to government departments, specified non-residents, and transactions in securities traded through recognized exchanges. These exclusions help define the scope of the provision.
The Income Tax Department has clarified the concessional tax regimes available to companies, individuals, and co-operative societies. The guide explains that lower tax rates are available only if taxpayers forgo specified exemptions, deductions, and tax benefits.
This guide explains the tax treatment of salary allowances, exemptions, and deductions available to salaried employees. It highlights how eligible claims can reduce taxable income under the Income-tax Act.
SEBI flagged alleged revenue misrepresentation, undisclosed fund transfers, and accounting irregularities, raising concerns over disclosures and audits.
Capital gains from compulsory acquisition are generally taxed when compensation is received rather than when the land is acquired. The provisions also prescribe separate taxation for enhanced compensation and judicial awards.
The article analyzes how controversial judicial remarks, despite later clarification, triggered a massive online movement reflecting youth frustration over unemployment, institutional distrust, and lack of opportunities.
The Supreme Court held that heirs inheriting property under Section 8 of the Hindu Succession Act take definite shares as tenants-in-common and not as joint tenants. A widow holding only a 1/5th share could not act as karta to sell the entire property on grounds of legal necessity.
The Court held that a typographical error in the tax period mentioned in the DRC-01 notice did not invalidate the proceedings because the relevant invoices were clearly identified. However, the matter was remanded for fresh adjudication subject to deposit of 10% of the disputed tax and filing of a reply.
