Taxation

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Income Tax Startup Taxation

Relief for Startups, VCs as Budget 2024 Abolishes Angel...

The Indian startup ecosystem, which is the third-largest in the world, is expected to become a $10 trillion economy by 2030. Budget 2024-25 highlighted the...

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Taxation

Tax Implications of Business Restructuring

Tax Implications of Business Restructuring

Tax implications of business restructuring can be viewed as a crucial procedure for ending the financial crisis and improving the performance of the busine...

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Taxation

Taxation of Expatriate

Taxation of Expatriate

The Income Tax Act of 1961 has not defined the term of taxation of expatriates by itself. It can also be noticed that an expatriate is often defined as any...

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Taxation

Know Your TAN: How to Get Tan Number and Download TAN C...

Know Your TAN: How to Get Tan Number and Download TAN Certificate

The Income Tax Act's Section 203A mandates that all individuals or any business required by the government to withhold or collect TaxTax must get a TAN. Th...

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Income Tax Taxation

Income recognition norms for NPAs

Income recognition norms for NPAs

Financial institutions categorize loans and advances in default or arrears as non-performing assets (NPAs). Debt is in arrears when the principal or intere...

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Taxation

Digital Signature Certificate (DSC) related issues and...

Digital Signature Certificate (DSC) related issues and solutions

The Income Tax Department has provided certain solutions to Digital Signature Certificate (DSC) related issues. The taxpayers are advised to check DSC for...

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Taxation

What is the Tax Audit limit for the AY 2023-24?

Tax Audit

Section 44AB specifies that specific categories of individuals or businesses require tax audit by a chartered accountant to ensure compliance with the laws...

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Taxation

Larsen & Toubro Limited v. State of Karnataka

Larsen & Toubro Limited v. State of Karnataka

On 26th September 2013, the Apex Court pronounced a landmark judgement regarding the validity of the imposition of service tax on composite works contracts...

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