lipped from: https://www.business-standard.com/finance/news/heirs-must-know-what-you-own-to-claim-wealth-hnis-should-opt-for-trusts-123041401057_1.html Appoint nominees and write a Will to make the transfer hassle-free Listen to This Article The Reserve Bank of India recently announced that
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👍👍👍👍👍👍👍Why to Register A One Person Company (OPC) Private Limited Company
Clipped from: https://taxguru.in/company-law/register-person-company-opc-private-limited-company.html ONE PERSON COMPANY [Sec 2(62)]: The creation of a One Person Company (OPC) was recently instigated as a significant improvement over sole proprietorship.
👍👍👍👍👍👍👍How To Register Legal Heir on Income Tax Portal?
Clipped from: https://taxguru.in/income-tax/register-legal-heir-income-tax-portal.html Death is uncertain but sure. After demise if taxpayer, legal heir is the person who takes control over all the assets and liabilities.
👍👍👍👍👍👍👍Analysis of Summary Assessment under GST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/analysis-summary-assessment-gst-act-2017.html Summary assessment is in the nature of protective assessment. It is procedure where quick and fast assessment of tax liability is made. Section
👍👍👍👍👍👍👍AO cannot shift burden on assessee to explain recipient of inadvertent receipts shown in 26AS
Clipped from: https://taxguru.in/income-tax/ao-shift-burden-assessee-explain-recipient-inadvertent-receipts-shown-26as.html Travelport LP Vs DCIT (ITAT Delhi) ITAT Delhi held that AO cannot put the entire burden on the assessee to show in whose
👍👍👍👍👍HC set aside Section 148A(d) order passed without considering reply
Clipped from: https://taxguru.in/income-tax/hc-set-aside-section-148ad-order-passed-considering-reply.html Ashok Kumar Garg Vs ACIT (Delhi High Court) According to the petitioner, although the amount of alleged bogus purchase bills has been quantified
👍👍👍👍👍👍👍MSME Registration Benefits – Tax and Others
Clipped from: https://taxguru.in/corporate-law/msme-registration-benefits-tax.html MSME registration helps the Micro, Small and Medium (MSME) industries to obtain various benefits provided by the government for their growth. In a
👍👍👍👍👍👍👍Exemptions from Capital Gain under Income Tax act, 1961
Clipped from: https://taxguru.in/income-tax/exemptions-capital-gain-income-tax-act-1961.html Gist of Section 45: Any Profit or gain arising from the transfer of Capital asset is taxable as a Capital Gain u/s 45
👍👍👍👍👍👍👍Input Tax Credit under CGST Act, 2017
lipped from: https://taxguru.in/goods-and-service-tax/input-tax-credit-cgst-act-2017.html What is Input Tax Credit as per CGST Act?. From the combined reading of sections 2(62) and 2(63) we understand that tax paid
👍👍👍👍👍👍👍Reopening of Assessments Section 147 w.e.f. 01.04.2021
Clipped from: https://taxguru.in/income-tax/reopening-assessments-section-147-w-e-f-01-04-2021.html The Finance Act, 2021 had changed the law applicable to the reopening of assessments with effect from 1st April, 2021. Relevant sections are sections 147 to
👍👍👍👍👍👍👍One Person Company (OPC) in India
Clipped from: https://taxguru.in/company-law/person-company-opc-india.html Before the enforcement of the Companies Act 2013 a single person could not establish a company. But the Companies Act 2013, introduced a
👍👍👍👍👍👍👍Taxation of Income from Sale of Shares
Clipped from: https://taxguru.in/income-tax/taxation-income-sale-shares.html Income earned by the sale of shares and mutual funds is covered under the heading ‘Income from Capital Gain’. The capital gain can
👍👍👍👍👍👍👍 Foreign Trade Policy 2023 announced
Clipped from: https://taxguru.in/dgft/foreign-trade-policy-2023-announced.html Foreign Trade Policy 2023 announced FTP 2023 is a dynamic and open ended Policy that will accommodate the emerging needs: Sh. Piyush Goyal PM
👍👍👍👍👍👍👍Harvest tax on equity holdings by March 31 | The Financial Express
Clipped from: https://www.financialexpress.com/money/harvest-tax-on-equity-holdings-by-march-31/3022738/ Equity investors must look at tax harvesting before March 31 to reduce their long-term capital gains (LTCG) tax liability. As LTCG up to
👍👍👍👍👍👍👍STT hike could push FPIs to relocate operations to India to save tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stt-hike-could-push-fpis-to-relocate-operations-to-india-to-save-tax/article66664190.ece If they are located in India, FPIs will be able to adjust the STT already paid against their tax outgo The recent hike
🙏🙏🙏🙏🙏🙏🙏What the tax axe on debt funds means for investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/mutual-funds/what-the-tax-axe-on-debt-funds-means-for-investors/article66656713.ece For investors in debt, international and gold funds, this tax shock means having to revisit and fully rework their asset allocation decisions From
🙏🙏🙏🙏🙏🙏🙏Lower-rated corporates may find it difficult to raise resources due to changes in tax rules – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/lower-rated-corporates-may-find-it-difficult-to-raise-resources/article66658033.ece Experts say that removal of LTCG tax benefits on debt mutual funds will pose challenges for the corporate bond market Raising resources via bonds could
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