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- CBDT extends due date for filing Form 10A-10AB
- Non-linkage of PAN-Aadhaar- CBDT gives relief to tax deductors-collectors
- Adjudication of Penalties – Section 454 of Companies Act, 2013
- Implementation of e-verification scheme-2021
- Direct listing of equity shares of unlisted Public Companies incorporated in India on International Exchanges
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Category Archives: Direct Tax
CBDT extends due date for filing Form 10A-10AB
CBDT extends due date for filing Form 10A/10AB CBDT issues Circular No. 07/2024 dated 25.04.2024, further extending the due date for filing Form 10A/ Form 10AB under the Act, upto 30th June, 2024. This circular apprises that: CBDT had earlier … Continue reading
Posted in Direct Tax
Non-linkage of PAN-Aadhaar- CBDT gives relief to tax deductors-collectors
Non-linkage of PAN-Aadhaar: CBDT gives relief to tax deductors/collectors CBDT vide Circular No. 06/2024 dated 23.04.2024 provides partial relief to tax deductors/collectors by not treating them as defaulter for not deducting/collecting the TDS/TCS at higher rate u/s Section 206AA/206CC on … Continue reading
Posted in Direct Tax
Implementation of e-verification scheme-2021
CBDT implements e-verification Scheme-2021 to reconcile mismatches between third party information and ITR filed by Taxpayers CBDT issues Press Release dated 26.02.2024 on Implementation of e-Verification Scheme-2021. This Press Release apprises that: The Income Tax Department has identified certain mismatches between … Continue reading
Posted in Direct Tax
Utilizing Tax Treaty Advantages for Non-Residents
In the rapidly expanding world of global business, transactions across borders have become the norm. As services are sourced from abroad, payments to non-residents have become routine. Understanding the tax implications of these payments is crucial, and one key aspect … Continue reading
Posted in Direct Tax
Comprehending the Changing Dynamics of Share Valuation Concerning Angel Tax
Background and Introduction Finance Act, 2012 introduced a tax on closely held companies under Section 56(2)(viiib) of the Income Tax Act, 1961 (the Act) when it received consideration from resident investors on issue of shares at a value that exceeded … Continue reading
Posted in Direct Tax