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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...

Team Counselvise - September 22, 2025

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...

Team Counselvise - September 18, 2025

Latest Articles

Key Highlights of Union Budget 2021

The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the first-ever digital budget for 2021-22 on February 1, 2021. The total budget...

Priya kejriwal - February 8, 2021

Income Tax

Section 206C(1H): Area of decision making for company management and business owners for smooth implementation of TCS on sale of goods

TCS provision would apply on all sale consideration (including advance received for sale) received on or after 01- 10-2020 even if the sale was...

Mehul Shah - October 2, 2020

Income Tax

What is TDS on Dividend Income and Its Impacts on Shareholders?

In the earlier tax regime, after corporate tax of 25% to 30% (effectively 33.99% including surcharge and cess), the Company was also liable to...

CA Yash Kapadia - September 5, 2020

Income Tax

What is TCS Tax? The Amendments of Tax collected at Source.

Introduction to Tax Collected at Source Tax Collected at Source(TCS) is the concept wherein the seller collects a percentage of tax from the buyer on...

Sneha Kejriwal - August 15, 2020

New National Education Policy 2020: All you need to know

Important News: The Union Cabinet renamed the Ministry of Human Resource Development to the Ministry of Education. Making the announcement, Union Ministers Prakash Javadekar...

Meghal D Thakker - August 14, 2020

Form DIR-3 KYC- Mandatory annual compliance for DIN holders

What Is DIR-3 KYC Form? DIR-3 KYC is an annual e-form which is to be filed by every Director/Partners/Designated Partners who has been allotted a...

Khushi Surana - August 13, 2020

Income Tax

What is faceless tax assessment or e assessments In Income Tax?

A Modern Generation of TRUST, TRANSPARENCY and TAX “A lot of things would depend on the discretion of assessing officer in manual assessment. We have...