We’re here to explain Section 194R of the Income Tax Act, introduced by the Finance Act 2022. It deals with taxing benefits or perks given to residents for their businesses or jobs. The goal is to stop tax evasion by taxing these benefits under Section 194R. Understanding Section 194R is key. It covers both money […]
Section 194JB of Income Tax Act is a key part of the tax code. It deals with the tax on dividends from mutual funds. The Finance Act of 2019 made it law on September 1, 2019. Section 194JB It helps manage the tax on income from mutual funds. Knowing about Section 194JB of Income Tax
Section 43B in the Income Tax Act, 1961, is key for businesses in India. It lets them subtract certain costs from their earnings. This is very important for small and micro businesses. These businesses are defined by their investment and sales. For example, micro enterprises spend less than Rs. 1 crore and make less than
We’re here to simplify the Income Tax Act, focusing on Section 206CQ. This section handles Tax Deducted at Source (TDS) on goods sales. It’s key for sellers and buyers, aiming to broaden the tax base and ensure clear transactions. Section 206CQ is a big step to fight tax evasion and boost compliance. Let’s dive into
We’re here to help you understand section 133(6) of the income tax act. It lets certain people ask taxpayers for information and evidence. Knowing this part of the Indian tax system is key. In the last year, the Income Tax Department sent over 1 lakh notices. These were to people who might not have reported
Ever wondered if a lawsuit can change during its course? The Civil Procedure Code has the answer in order 6 rule 17 cpc. It lets you change your pleadings. This rule is key for fairness in court, making sure everyone gets a chance to be heard. Key Takeaways Order 6 Rule 17 CPC allows for
We are seeing more ceasefire violations agreement, which is a big problem for world peace. In 2020, there were 5,133 ceasefire violations, leading to 46 deaths. This shows how serious the issue is and why we need to look into it deeply. Understanding ceasefire violations is key. We must know the history, legal side, and
We’re exploring Reliance’s Q3 corporate compliance, a key topic in today’s business world. It’s vital for companies to follow rules and regulations. Reliance’s legal insights show how important it is to follow corporate governance to keep a good reputation and avoid legal trouble. Recently, more companies are turning to outside cybersecurity experts. Now, 87% of
The Hindenburg report has had a big impact on corporate India, especially on the Adani Group. It accused the Adani Group of manipulating stock prices and using tax havens improperly. This has caused a big drop in the company’s market value. We will look into how this report affects the Adani Group’s reputation and finances.
