Income Tax
How HUF Gift to Member is Exempt Under Section 10(2) of the Income-tax Act
Gifts from a Hindu Undivided Family (HUF) to its members often trigger confusion, especially when Assessing Officers try to apply section 56(2)(vii) to tax...
GST
Can a manufacturer claim Input Tax Credit (ITC) on transmission-line assets installed outside the factory premises
Facts of the case:
The applicant, Alleima India Pvt. Ltd., operating a manufacturing plant in Gujarat, expanded production capacity and required enhanced power supply.
To meet the requirement, the company laid an...
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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...
Startups
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...
Income Tax
CBDT Announces Extension of Due Dates for various e-filing forms
A big relief to the taxpayers has been provided by the finance ministry to the taxpayers by extending the due dates. It was much...
Startups
Recent fundings raised by Indian Startups In August 2021
Chaipoint:
Chaipoint has raised $ 20 million in its new round of
fundings. The funding was done by Paragon Partners, a mid-segment private
equity investor, while existing...
Startups
Things you need to keep in mind before listing your business on e-commerce websites:
Charges
There are generally 3 types of charges
which e-commerce operators like Amazon, Flipkart and other e-commerce operator
charge:
Listing Commission: Whenever you list a product the e-commerce...
Top News
Why do countries want to host the Olympics?
Hosting the Olympics is considered to be prestigious for developed nations. The Olympics create a high constrain on the economy, So the question arises...
Company Law and IBC
Cabinet approves various amendments in LLP Act ,2008
With the motive of facilitating greater ease of business in India, the government on Wednesday i.e. 28.07.2021 approved certain amendments in the LLP Act,...
Income Tax
Central Government Employees to enjoy a hike in Dearness Allowance from 17% to 28%
“The President is pleased to decide that the Dearness allowance payable to Central Government employees & dearness relief to pensioners shall be enhanced from...
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