IBC – TAX UPDATE INDIA

Taxation of Loan Waivers after amendment to Section 28(iv)

CA Adityavikram Banka February 6, 2024

Tax Implications on Loan Waivers after amendment to Section 28(iv) Under resolution plan approved by NCLT, would generally involve waiver of loans and other liabilities of corporate debtor, which is subject to … Read More

Case Law Corporate Law IBC Income Tax

Tax Implication on Capital Reduction under IBC

CA Adityavikram Banka February 6, 2024

Tax Implication on Capital Reduction under IBC Capital reduction refers to the technique of reducing a company’s share capital in any form. It is a mechanism usually adopted by companies … Read More

Flash News

MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.

Taxation of ESOPs

Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024

Amendments made in Form 3CD effective from AY 2024-25

TDS on Partner’s Remuneration introduced in the Budget 2024

RBI allows Indian Resident to open foreign currency accounts in GIFT City under LRS

Lower Tax Deduction certificate (TDS)

Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai

Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC

Legal precedents on Ad- Hoc Disallowances

Category: IBC

Taxation of Loan Waivers after amendment to Section 28(iv)

Tax Implication on Capital Reduction under IBC