To bring parity with provisions of Chapter 4 of the FTP/HBP, 2023 the provisions of Para 6.06 (c) (ii) and Para 6.06 (c) (iii) of the HBP, 2023 stand amended for ease of doing business.

Ministry of Finance issued Notification No. 5/2025 under clause (46) of Section 10 of the Income-tax Act, 1961, exempting specified incomes of the Karnataka State Horticulture Development Agency (PAN: ...

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘The ...

It must be laid bare herein that the Apex Court held that the evidence was not sufficient to prove the validity and the genuineness of the will. It was also opined that the appellants failed to prove ...

This ruling underscores the equivalence of electronic cash ledger payments to traditional cash payments for pre-deposit ...

There are Total 22 Rules and Seven Schedules in the draft Rules (corresponding to provisions of Act containing 44 Sections & the Schedule). Not all the rules shall come into effect at once. Out of 22 ...

Transfer is valid when nothing in standing orders operate in derogation of contract of service.

Employees of an establishment, that falls under ‘commercial establishment’, who rendered 480 days of service entitled to regularization. The question before the Supreme Court ( “SC”) in the instant ...

While taxes such as income tax, corporate tax, and GST are well-known sources, another important source often overlooked is non-tax revenue. This form of income strengthens government finances and ...

The value of such unredeemed vouchers accounted for in the statement of income is called breakage.

Process for Transmission of Shares in case of Private Company is as follows: 1. The Claimant/Legal Heir shall submit the Request Letter to the Board of Directors of the Company along with NOC from ...

Vouchers are complicated but not when you break them down like this. Whether it’s pre-paid instruments (RBI-approved), trading of vouchers, commissions on distribution, or unredeemed vouchers ...