Latest Tax Updates, News, Articles & Notifications
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
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
Deduction u/s 43B of IT Act for payments made to MSME: 1. Finance Act 2023 inserted clause (h) in Sec 43B, which says that any amount payable to Micro or … Read More
1. RBI in its Circular No RBI/2021-22/45 dated 31st May 2021 stated that In view of the order of the Supreme Court, the circular banning the use of digital currencies … Read More
MCA relaxes levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 vide General Circular No. 06/2021 Dated: 03/05/2021. In view of … Read More
