New Thresholds for Perquisites & Medical Benefits – G.S.R. 555(E)

The Ministry of Finance recently introduced the Income-tax (Twenty Second Amendment) Rules, 2025 through Notification G.S.R. 555(E), redefining key thresholds related to perquisites and...

Cabinet Approves Blanket Ban on Online Money Games

In a landmark move, the Union Cabinet has approved legislation imposing a blanket ban on online money games. This decision has sent shockwaves across...

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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 ...

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...

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...

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...

All you need to know about the Production Linked Incentive Scheme announced for Textile Sector.

Union Cabinet on 08th,September 2021 has approved the Production Linked Scheme for Textiles for MMF (Manmade Fabric) Apparel, MMF Fabrics and 10 segments/ products...

Are Shipping Aggregators Important for eCommerce Businesses?

Most business owners and professionals wish to achieve skyrocket sales and exceptional customer service. Do you have a growing number of orders that are not fulfilled...

Where the assessee has duly explained the source of income of the parties from whom unsecured loans are...

Mrs. Nirmalaben C. Soni , vs ACIT Facts of the caseThe assessee is engaged in the business of resale and job...

All you need to know about the Incubators selected under the Startup India Seed Fund Scheme

Every startup while filling the application for the Startup India Seed Fund Scheme (SISFS) is required to select 3 incubators along with the preferences...

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