The introduction of the Goods and Services Tax in India marked one of the most significant reforms in the country’s fiscal history. The earlier system […]
Recent Financial Reporting Updates on CCPS Recognition & Disclosure
Compulsory Convertible Preference Shares have emerged as one of the most widely used financial instruments in India’s capital markets, particularly in sectors such as startups, […]
India’s Transition to Faceless Income Tax Assessment
India’s income tax system has seen a significant transformation in recent years, with a move towards complete digitization. Among the most notable changes is the […]
Income Tax Slab Rates for AY 2021-22: Individuals and HUF
Income tax in India operates on the principle of progressive taxation, meaning individuals and entities pay higher rates as their income increases. For the Assessment […]
Section 56(2)(x) of Income Tax Act: Applicability & Tax Rules
Section 56(2)(x) of the Income Tax Act, 1961, serves as a key anti-abuse provision aimed at curbing tax avoidance through receipt of money or property […]
CBDT Notifies Form 69: Application for Income Re-computation
The landscape of income computation in India has been shaped by multiple legislative changes, judicial interpretations, and clarifications by the government. Among the significant developments […]
Section 115QA Buy-Back Tax: Latest Amendment Explained
The Finance Act, 2024 has introduced a pivotal amendment to Section 115QA of the Income-tax Act, altering the taxation framework for share buy-backs conducted by […]
CIT/JCIT Appeals in Income Tax: Key Rules, Time Limits & Fees
Appeals before the Commissioner of Income Tax (Appeals) and Joint Commissioner of Income Tax (Appeals) form an important part of the redressal process for taxpayers […]
Cash Transaction Limits for Health Insurance and Loans
India’s journey toward becoming a digital-first economy accelerated after demonetization. The government has consistently emphasized the reduction of cash usage in high-value transactions to bring […]
Critical Analysis of Section 37: Business Expenditure Under Income Tax
The computation of business and professional income in India involves a delicate balance between statutory provisions, commercial realities, and judicial interpretations. Section 37 of the […]
Section 11 of Income Tax Act: Application of Income Rules for Charitable and Religious Trusts
Charitable trusts play a crucial role in supporting social, educational, medical, and religious causes across India. The Indian Income-tax Act, 1961 offers several tax exemptions […]
A Comprehensive Guide to Marketing Planning: Basics, Process, and Strategic Value
Setting clear, measurable marketing objectives is a crucial step in the marketing planning process. These objectives provide direction for the entire marketing effort and act […]
Understanding Mutual Funds: Meaning, Key Concepts, and SEBI Regulations
A mutual fund is an investment vehicle that pools money from multiple investors and invests it in a diversified portfolio of assets such as equities, […]
Understanding Capital Assets Under Capital Gains Tax: Definitions and Case Law Analysis
Section 2(14) defines “capital asset” as any property of any kind held by the assessee, whether or not connected with business or profession, with certain expressly […]
Revised Guidelines for Systemically Important NBFC-ND Entities
The Reserve Bank of India constituted an Internal Group to address concerns regarding regulatory parity, convergence, and arbitrage across financial sector entities. This initiative led […]