Income Tax
Share sale proceeds not unexplained Karnataka HC upholds ITAT Order deleting Addition of Rs. 7cr. u/s 68.
Facts of the case
The assessee filed its return of income, declaring a STCL on sale of shares held in X Ltd. to three entities.
The...
Income Tax
Bought property cheaper than stamp value? That’s not ‘underreporting’.
Facts of the Case
The assessee, as b co-owner, purchased two properties at consideration amounts lower than the SDV of those properties.
The AO invoked section...
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Top News
Section 43B: What’s New and Why It Matters & Impact on MSME Payments.
To promote timely payments to micro and small enterprises, payments made to such enterprises have been included within the ambit of section 43B of...
Finance
A Brief Insight into the procedure of Initial Public Offering (IPO) in India.
With the current rainfall of IPOs by the companies in the Indian markets during current month or rather from last quarter, it will not...
Top News
Why Trademarks are important in today’s business world?
In today’s modern world, consumers are inundated and continuously exposed to trademarks in everyday life. Consider the terms Band-aid, Jacuzzi, Super-glue, Pampers, and Chapstick,...
General
PAM,TAM,SAM,SOM- Tools of Market Size Analysis
Definition
PAM, TAM, SAM and SOM are acronyms that represents different subsets of a market.
PAM or Potential Addressable Market includes people not currently included in...
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
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