income-tax

income tax

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income-tax

Supreme Court Ruling on ESOP Taxability: Key Insights from Infosys Case

Supreme Court rules on ESOPs taxability, stating benefits aren't taxable unless specified by law; clarifies TDS and perquisite value guidelines.

income-tax

Income Tax Exemption Notification for Sree Parvathy Sankara Mahaganapathi Parishad

Sree Parvathy Sankara Mahaganapathi Parishad is granted income tax exemption for assessment years 1980-81 to 1981-82.

income-tax

Approval Notification for the Sree Mullapudi Venkataramanamma Memorial Hospital as a Scientific Research Association

Approval of Sree Mullapudi Venkataramanamma Memorial Hospital as a scientific research association for medical research under the Income Tax Act.

income-tax

Decoding the Secrets of Gross Total Income and Tax Deductions

The article explains the Gross total income (GTI) and major deductions according to the Income Tax Act of 1961 allowing taxpayers to optimize tax liabilities through strategic planning.

income-tax

Chhattisgarh Coal Levy Scam: Key Investigations and Systemic Reforms

Investigations into Chhattisgarh's coal levy scam reveal widespread corruption, leading to systemic reforms and legal actions to enhance governance transparency.

income-tax

Eligibility of Gifts in Kind for Tax Exemption Under Gift-tax Act

This blog explains the eligibility of gifts in kind for exemption under the Gift-tax Act, confirming only monetary gifts qualify for such exemptions.

income-tax

Understanding Section 194T: TDS Regulations for Partnership Firms and LLPs

Section 194T of the Income Tax Act, 1961 mandates TDS on partner payments exceeding, starting April 1, 2025, impacting compliance and liquidity.

income-tax

Understanding Notification S.O. 609(E): Amendments to Income-Tax Rules

This blog covers Notification S.O. 609(E), which amends the Income-tax Rules, 1962, under Section 295 of the Income-tax Act, 1961.

income-tax

Impact of Tax Reforms on MSMEs in India: Opportunities and Challenges

Discover the importance of MSMEs in India, their role in the economy, and the impact of recent tax reforms like GST and corporate tax reductions.