Premiums paid for critical illness, surgical care, or similar covers are eligible for deductions up to ₹25000 under Section ...

Immovable Property: If any immovable property is received without consideration and the stamp duty value (‘SDV’) exceeds ₹50,000, the whole SDV is taxable. If received for inadequate consideration ...

The 3 rd Amendment Regulation 2025 has taken efforts in incorporating certain provisions in Regulation 40B (mandates IRP & RP concerned to file requisite forms on the IBBI electronic portal at ...

The essence of the buy-back violation is the under reporting of loans/ non-convertible debentures by fraudulently increasing the „ free reserves‟ of the company. If the same had been correctly ...

The extant Indian merger control regime mandates pre-notification to the CCI for all acquisitions, mergers, and amalgamations that satisfy stipulated jurisdictional thresholds. Concurrently, the ...

The Allahabad High Court (Lucknow Bench), in the case of Prem Traders v. State of Uttar Pradesh, quashed an order issued under Section 73 of the Central Goods and Services Tax Act, 2017. The court ...

Section 270AA of the Income Tax Act, 1961, introduced by the Finance Act, 2016 (effective from 1st April 2017), is a significant taxpayer-friendly provision. It allows an assessee to seek immunity ...

In a recent order passed by the Bombay High Court in the case of Vedanta Ltd. v. Union Of India, the operation of Circular No. 204/16/2023-GST, dated 27-10-2023 declaring corporate guarantee by parent ...

The ITAT allowed the assessee’s appeal, permitting the carry forward of the business loss of Rs. 16,96,486/- to subsequent years. This decision clarifies the interplay between the Limited Liability ...

Noted that, the Petitioner has not been able to make out any exceptional case to interfere with the Impugned Order in the ...

One of the main reasons individuals like to apply for credit cards online is the convenience they provide. Instead of going ...

Long-Term Capital Gains (LTGC): Gains from selling REITs unit held for more than one year are taxed at 10% ( for gains up to ...