Income Tax
ESOP Taxation in Corporate Restructuring: Insights from Flipkart–PhonePe
Introduction:
ESOPs are structured as rights, not obligations, granted by companies to employees to purchase shares at a future date at a pre-agreed price. These...
GST
Assignment of Leasehold Rights Equals Sale of Land, Not Liable to GST : Gujarat HC Rules
Issue involved
Whether assignment of leasehold rights qualify as supply of services for the purpose of levy of GST?
Facts of the case
The Gujarat Industrial Development...
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Startups
Guidelines for Assistance to Incubators under Startup India Seed Fund Scheme
The following are the guidelines for assistance to incubators under the Startup India Seed Fund Scheme
Experts Advisory Committee (EAC) shall evaluate incubators for grant...
Income Tax
AO not permitted to invoke the provisions of section 56(2)(vii)(b)(ii) in the absence of sub clause (ii) in the Act as on the date...
Parinda Borda vs. ITO
Where the assessee had entered into agreement to sale cum possession of immovable property and paid substantial consideration prior to...
Finance
E-Rupi Digital Payment Platform- First step towards adoption of digital currency in India
Introduction
On 2 August 2021, PM Narendra Modi launched a digital
payment platform called e-RUPI Digital Platform. National Payments Corporation
of India (NPCI) in association with...
Finance
A brief insight into the framework issued by SEBI for Operation of Gold Exchange in India
A brief insight into the framework issued by SEBI for Operation of Gold Exchange in India
Income Tax
No Income Tax Return required to be furnished u/s 139(1) by specified persons: CBDT
CBDT vide Notification No.119/2021/F. No. 225/76/2021-ITA.II. dated 11 October,2021 exempts the following class of persons subject ...
Finance
Reforms in Taxability of ESOP’s (Equity Stock Option Plans)
What is an Employee Stock Option Plan (ESOP)?
An employee stock ownership plan (ESOP) is basically a plan given to employee’s wherein subscription to the...
Top News
All you need to know about the Account Aggregators System launched by the RBI
On 2nd September,2021, RBI launched Account
aggregators system, Account Aggregator (AA) network, a financial data-sharing
system that is aimed to revolutionize investing and credit, giving
millions of...
Income Tax
No Tax to be deducted under Section 194A of Income Tax Act,1961 on Scheduled Tribes: CBDT
According to a recent notification by Central Board Of Direct Taxes (CBDT) vide Notification No. 110/2021/F. No. 275/27/2021-IT(B) dated 17.09.2021, no tax shall...
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