Interest-free or concessional loans from employers are taxable as perquisites under Section 17. Learn how to calculate the taxable value, key exemptions, and conditions for medical and small loans below ₹20,000.
Understand tax rules for rent-free or concessional employer-provided accommodation. Learn valuation methods, exemptions, and perquisite calculations for government, non-government, and hotel accommodations.
Learn how to apply for a lower or nil TDS certificate under Form 13. Covers eligibility, applicable incomes, filing steps, validity, and key compliance points for individuals, firms, and companies.
The Court held that failure to pay rent after fair rent fixation, without obtaining a stay, amounts to wilful default and justifies eviction under the Rent Control Act.
Tax not deducted if Form 15G or 15H filed by eligible individuals. Explains filing process, UIN generation, reporting, and 7-year retention rule.
Equalisation Levy on online ads and e-commerce ends from AY 2026-27. Know scope, rates, compliance, exemptions, and due dates under the levy provisions.
Since prolonged detention of assessees accused of ITC fraud was unjustified, given the documentary nature of evidence and completion of investigation. Applying the settled principle that bail is the rule and jail the exception
Know when higher TDS applies under Sections 206AA and 206AB for non-furnishing of PAN or non-filing of returns, and related exemptions and rates.
The Court found no grounds to interfere with the Madras High Court’s decision dated 08.08.2024 and dismissed all pending applications, affirming judicial consistency.
Learn about the latest relaxations and optional tables in GSTR-9 and GSTR-9C for FY 2024-25, including simplified ITC and exempt supply reporting.
