Individual Residential Status as per Income Tax Act
Individual Residential Status as per Income Tax Act. Taxation of individuals in India is primarily based on their residential status in the relevant tax year. An individual is said to … Read More
Author: CA Adityavikram Banka
The author is a Practicing CA, Founder of A. S. Banka Advisors Private Limited & Partner of Dhiraj & Dheeraj.
You can reach out to the author on : info@asbanka.com
www.asbanka.com
Eligibility Criteria for listing on SME Platform of BSE
New Eligibility Criteria for listing on SME Platform of BSE. BSE has revised its eligibility criteria for SME IPO listing on its platform from Jan 2024, bellow are some of … Read More
Whether agri operations on leased land be eligible for exemption under Income Tax Act?
Whether agri operations on leased land be eligible for exemption under Income Tax Act? Introduction: 1. Agriculture income earned by individuals and HUF is exempt under the Sec 10(1) of … Read More
FCRA Registration by Charitable Organisation for Foreign Donation
FCRA Registration for NGOs The Ministry of Home Affairs grants the FCRA registration as authorization to regulate foreign donations received by Indian nonprofit organisations. You must register with the Foreign … Read More
Alternate Minimum Tax (AMT) on LLP
Alternate Minimum Tax (AMT) on LLP Introduction to Alternate Minimum Taxation (AMT) Initially, the concept of MAT, i.e. Minimum Alternative Tax, was introduced only for the companies. However, gradually it … Read More
ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017
ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017 Comstar Mauritius Ltd (ITA No. 1529/Mum/2023) Facts: 1. Assessee filed an appeal for the assessment … Read More
Key Managerial Personnel: Section 203 of the Companies Act, 2013
Key Managerial Personnel: Section 203 of the Companies Act, 2013 Statutory Framework The expression key managerial person is defined in section 2(51) of the Act. Section 203 of the Act, … Read More
Receipt from sale of software as an end user is not taxable as Royalty: ITAT
Receipt from sale of software as an end user is not taxable as Royalty: ITAT ACIT,Circle-2(2),International Taxation, New Delhi Vs. Newspage Pvt Ltd (ITA 1992 / DEL / 2022) Facts: … Read More
How Stock Market Work – IPO – Animated Video
How Stock Market Work Nostalgic animated video still relevant in today’s fast paced world of IPO’s We help our clients in Pre-IPO funding & help companies in successful IPO listings … Read More
ITAT case on salary earned by the non resident outside India – Devi Dayal vs DCIT, 2024, Delhi ITAT
ITAT case on salary earned by the non resident outside India Devi Dayal vs DCIT, 2024, Delhi ITAT (ITA Nos. 835 & 836/Del/2023) Facts: 1. The Appellant was deputed to … Read More