Income Tax
Granting Development Licence Without Possession Not a ‘Transfer’ Under Section 2(47)
Issues Involved
Whether granting license to permit construction of land without giving any possession in land considered as transfer u/s. 2(47)?
Facts of the Case
The assessee...
Income Tax
Payments to Foreign Attorneys for IP Services Are Professional Fees, and Not FTS
Issues Involved
Whether payments remitted by Indian law firms to an NR foreign attorney towards filing, prosecution and maintenance of overseas intellectual property (IP) matters...
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Startups
The Startup India Scheme and Section 80-IAC Tax Exemption
The entrepreneurial spirit in India is flourishing like never before. With innovation and ambition at its core, the government has launched initiatives to empower...
Income Tax
SECTION 47: CERTAIN TRANSACTION NOT REGARDED AS TRANSFER (EXEMPT TRANSFER)
What is section 47 of Income Tax Act?
Section 47 of the Income Tax Act, 1961 (India) specifies transactions that are not regarded as transfers...
Startups
Startup Tools for Success in India
Starting a startup is a thrilling journey, especially in India. Its vibrant ecosystem is full of entrepreneurial opportunities. However, to move from idea to...
GST
GST Notices: Types of GST Notices & How to Reply to Them?
In the ever-evolving landscape of taxation, receiving a Goods and Services Tax (GST) notice can be both perplexing and daunting. However, taxpayers can navigate...
Income Tax
Income tax notices and how to reply to them
What is an Income Tax Notice?
Income tax notices are official communications from the Income Tax Department to a taxpayer, highlighting issues or actions related...
Startups
The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies
Navigating the complex world of startup financing can be one of the most challenging aspects for entrepreneurs. Understanding the various stages of startup funding...
Company Law and IBC
LLPs and their Taxation in India
In India's fast-changing startup scene, picking the right business structure is vital. Among various options, the Limited Liability Partnership (LLP) is now a popular...
Income Tax
Tax Harvesting: Mastering the Art of Tax Savings
Tax harvesting is a strategic way to save on taxes by selling investments to either book gains or losses. The idea is to reduce...
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