Popular Articles

Minimum number of directors - Companys obligation and consequences

Posted by gufran ahmed 21 December 2020 4138 Views

In this article, we will try to dissect the provisions with respect to the obligation of a public company to have a minimum number of directors and the consequences of the strength falling below the minimum prescribed requirement.

FAQs On Offline verification process of Aadhaar and role of Offline verification seeking entities (OVSEs)

Posted by Shivani 16 May 2023 4138 Views

Offline verification is the use of Aadhaar for identity verification and KYC locally, without sending data to and receiving response from UIDAI online. In offline verification resident directly submits the Aadhaar number and associated demographic information to the Offline Verification Seeking Entity (OVSE)

Deduction under Section 80C

Posted by Ritik Chopra 22 March 2021 4138 Views

Savings play an important role in the economic development of any country. To boost saving habits, an incentive in the form of a deduction out of one's taxable income has been allowed. Discussing Section 80C in that regard.

Fake HRA Claims in ITR 2026: How the Income Tax Department's AI System Is Catching Taxpayers

Posted by Diksha Chawla 11 June 2026 4136 Views

As ITR filing for FY 2025-26 begins, learn how the Income Tax Department's AI detects fake HRA, donation and deduction claims and the penalties for misreporting.

Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

Posted by Adv. Ravish Bhatt, ADIT, CIOT 02 October 2022 4136 Views

S.9(1)(vi)(b) of the Income Tax Act, 1961 ("The Act") provides that income by way of royalty payable by a resident except where the royalty is payable in respect of any right, property or information used or services