Subsequently asserted that the twin conditions under Section 263 were absent as the AO had conducted due inquiry. Revenue contended that Section 37(1) disallowed CSR expenses which were not wholly and ...

Introduction When I wrote an article on this topic last year, for the very first time, I stated that rebate was not being allowed from 5th June 2024. After ...

The ITAT held that the assessee, being a resident individual with total income of less than Rs.7 lakh under Section 115BAC (1A), was entitled to rebate under Section 87A even though the tax arose on ...

Explore rules of agricultural income taxation in India. This guide clarifies how agricultural income is defined, what ...

This article provides a comprehensive guide on how to recognize house property received from a JDA and its treatment under Income Tax and accounting ...

Anybody carrying on the business of Digital Marketing with cash transactions both on the aspect of receipts and payments in cash below 5% of the turnover, which was below Rs.5 Crores as per the ...

SEBI is seeking public comments on a proposal for a new type of AIF scheme exclusively for Accredited Investors, with a simplified regulatory framework and greater ...

SEBI releases a consultation paper proposing to allow resident Indians through retail schemes and mutual funds, to participate more easily in Foreign Portfolio Investors ...

SEBI's new SWAGAT-FI framework aims to simplify FPI and FVCI investments for trusted foreign entities by streamlining registration, compliance, and ...

A SEBI consultation paper proposes regulatory changes for Large Value Funds (LVFs) for accredited investors. Proposals include reducing the minimum investment to ₹25 crore, removing restrictions on ...

The RBI is transitioning its Cheque Truncation System to a new continuous clearing and settlement model, aiming for faster processing and payment ...

RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with ...