The terms ‘Search’ and ‘Seizure’ have not been defined in the Income-tax Act. The word ‘Search’ has varied meanings and it should be given the
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Exemption from TDS deduction: Who can apply, process
Tax is deducted at source to ensure that when a person receives income, the tax authorities receive tax in advance. The person who pays the assessee
Dollar-rupee forward premia lowest since 2011 as US-India rate gap shrinks
Indian currency’s recovery since US CPI leads to reversal of onshore-offshore arbitrage. In a reflection of the narrowing interest rate differentials between the United States
Educational trusts for profit cannot claim income tax exemption: SC
Supreme Court on Wednesday said profit-oriented educational trusts or societies cannot claim exemption under the Income Tax Act. The bench of Chief Justice of India UU
DONATION U/S 80G
Section 80G One of the best ways to save money on tax while also doing your bit to contribute to the world is by making
Amendment in Small Company-
Small Company as Amended dated 15.09.2022 SHORT SUMMARY: In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies
Section 29A of Insolvency and Bankruptcy Code
Section 29A- concept and relevance Section 29A of the IBC, 2016 contains the list of Conditions that would disqualify a potential bidder from being a
Section 54 benefits available on house built on contiguous plots
ITAI Judgment has once again reinforced is that a homebuyer can clam Section 54 exemption even if he builds a house by purchasing multiple plots
DRT
Importance of DRT The main objective and role of DRT is the recovery of funds from borrowers which is payable to banks and financial institutions.