ITAT Mumbai rules that a Rs 20 lakh gift received from a brother in the UAE is exempt from tax under the Income Tax Act, providing clarity on tax-free gifts from relatives abroad.
Understand the risks associated with early tax filing.
Promoters should have appropriate qualifications and requisite experience. If the promoter has studied at a foreign university and knowledge of law, etc., in the Indian context is not known to him, then another director should have that knowledge or experience.
On this special day, many brothers and sisters exchange gifts as a token of their love and bond. But what about the tax implications of these gifts?
In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.
Are you a business owner looking to raise capital for your company through a private placement? This article will provide you with a comprehensive guide to unde..
Section 186 of the Companies Act, 2013 ("Act") deals with loan and investment restrictions imposed on companies.
Micro, Small, and Medium Enterprises (MSMEs) are classified based on investment and turnover. This classification is crucial for determining eligibility for various government schemes and benefits.
This article explores the significance of preserving audit trails for eight years and how this requirement is deeply connected to the security of the data centers where these records are stored
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 / 2013
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