Income Tax
Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors
Introduction
The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...
Income Tax
AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute
A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology...
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Company Law and IBC
Understanding and Embracing Significant Beneficial Owner Declarations in LLPs
Limited Liability Partnerships (LLPs) are now required to adhere to new compliance measures involving Significant Beneficial Owners (SBOs). A “reporting LLP” refers to a...
General
Exploring Switzerland: 25+Cities, 11 days, in just Rs.90,000
No travel agency will take you to this route but here's how we travelled Switzerland with 25+ cities in 11 Days including 4 Boat...
Startups
SaaS Startups in India: The Next Wave of Innovation
Introduction:
In recent years, India has witnessed a remarkable surge in the startup ecosystem, with Software as a Service (SaaS) companies emerging as frontrunners in...
Income Tax
AMT Basics: A Guide for Taxpayers
Alternate Minimum Tax (AMT)
To encourage investment, the Indian government offers tax benefits to reduce individual tax burdens. However, consistent tax revenue is essential for...
Startups
Tax Benefits and Exemptions for Startups and MSMEs
In India, both startup and MSMEs are eligible for certain tax benefits and exemptions to promote entrepreneurship and economic groups.
Startups (incorporated as a private...
Income Tax
DTAA – Double Tax Avoidance Agreement: Insights
In today's interconnected global economy, entrepreneurs are increasingly expanding their businesses across international borders. However, along with the opportunities come challenges, one of which...
GST
E-commerce After GST: Adapting to New Tax Dynamics
The Goods and Services Tax (GST) is a comprehensive indirect tax that was implemented in India on 1st July, 2017.
The government of India has...
Startups
The Pillars of Startup Success: Key Lessons to Learn
The Pillars of Startup Success: Key Lessons to Learn
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