CBDT notifies Retrospective Tax Dispute Settlement rules

G.S.R. 737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, 2012 (23 of 2012), the Central Board of Direct...

Startup India Seed Fund Scheme – Switching up The Startup Game?

What is Startup India? The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation...

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CBDT notifies Retrospective Tax Dispute Settlement rules

G.S.R. 737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, 2012 (23 of 2012), the Central Board of Direct...

A brief insight into the framework issued by SEBI for Operation of Gold Exchange in India

Securities and Exchange Board of India on 10th Jan,2022 issued a circular providing the framework for operationalizing the Gold Exchange where the metal will...

No Income Tax Return required to be furnished u/s 139(1) by specified persons: CBDT

CBDT vide Notification No.119/2021/F. No. 225/76/2021-ITA.II. dated 11 October,2021 exempts the following class of persons subject ...

Reforms in Taxability of ESOP’s (Equity Stock Option Plans)

What is an Employee Stock Option Plan (ESOP)? An employee stock ownership plan (ESOP) is basically a plan given to employee’s wherein subscription to the...

All you need to know about the Account Aggregators System launched by the RBI

On 2nd September,2021, RBI launched Account aggregators system, Account Aggregator (AA) network, a financial data-sharing system that is aimed  to  revolutionize investing and credit, giving millions of...

No Tax to be deducted under Section 194A of Income Tax Act,1961 on Scheduled Tribes: CBDT

According to a recent notification by Central Board Of Direct Taxes (CBDT) vide Notification No. 110/2021/F. No. 275/27/2021-IT(B) dated 17.09.2021, no tax shall...

All you need to know about the Production Linked Incentive Scheme announced for Textile Sector.

Union Cabinet on 08th,September 2021 has approved the Production Linked Scheme for Textiles for MMF (Manmade Fabric) Apparel, MMF Fabrics and 10 segments/ products...

AO not permitted to invoke the provisions of section 56(2)(vii)(b)(ii) in the absence of sub clause (ii) in the Act as on the date...

Parinda Borda vs. ITO Where the assessee had entered into agreement to sale cum possession of immovable property and paid substantial consideration prior to...

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