Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.
In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.
This article aims to provide a comprehensive understanding of Section 194F and its implications for taxpayers.
One of the major problems being faced by the MSMEs entities is not-getting their dues from their buyers on a timely basis.
Tax Compliance Tracker for the month of February 2024
Rent is the payment made for tenancy, lease, sub lease or other arrangements for use of property or machinery, furniture or other assets.
Through this write-up, let us analyze key income tax judgments from the income tax appellate tribunal, the high court, and the Supreme Court.
When the curtain falls on the silver screen, and the spotlight shifts to the realm of income tax, the question of deductibility for actor's fitness expenses ignites a heated debate, leaving both actors and tax authorities grappling with a labyrinth of arguments and legal grey areas.
This article provides a comprehensive understanding of the latest SCSS rules, covering eligibility criteria, investment options, extension of tenure, and income tax benefits.
This guide will delve into the details of mutual fund taxation for NRIs, covering aspects such as capital gains tax, dividend distribution tax (DDT), tax residency certificate (TRC), and other key points.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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