Introduction The provisions relating to angel tax in the Income Tax Act, 1961 ( “IT Act” ) were primarily introduced to regulate funding received by unlisted companies from angel investors and specifically, to curb money

The stories on the Income Tax Appellate Tribunal (ITAT) that were published at Taxscan.in from January 27, 2024 to February 2, 2024 are analytically summarized in this Round-Up. Failure to make a note in file

The Mumbai bench of the Income Appellate Tribunal ( ITAT ) directed the deletion of disallowance on deduction in respect of wealth tax paid. During the course of assessment the AO disallowed the assessee’s claim

Union Finance Minister Nirmala Sitharaman in the Interim Budget of 2024-2025 proposed to extend Tax benefits and exemptions to start-ups and investment made by sovereign wealth funds/pension funds and International Financial Service Center ( IFSC

Certainly, the question arises: Does time truly hold significance in budget speeches? Opinions on this matter may vary; some argue in favour, while others may oppose the idea. From a general standpoint, there is an

Union Finance Minister Nirmala Sitharaman has presented the Interim Budget 2024, highlighted to be focused on Social Inclusivity and Geographical Inclusivity that extends the humane and inclusive approach of the Government. The Budget comes with

Adani Energy Solutions Ltd. has unveiled a strategic leadership transition, signalling the appointment of Kunjal Mehta as the new Chief Financial Officer ( CFO ), effective from April 1. The decision, greenlit by the company's

The role of military expenditure in fostering technological advancements and driving overall development cannot be overstated. Historically, the military has played a pivotal role in catalyzing technological change, especially during the Industrial Revolution, when an

The Institute of Chartered Accountants of India ( ICAI ) has revised the comprehensive syllabus for the CA Intermediate ( CA Inter) Course for aspiring Chartered Accountants in the New Scheme of Education and Training.

Following the approval of the Appointments Committee of the Cabinet ( ACC ), Ashu Mathur, an officer of the Indian Cost Accounts Service ( ICoAS ), officially took charge as Chief Adviser ( Cost )

In its ongoing commitment to transparency and information dissemination, the Central Board of Direct Taxes ( CBDT ) has released consolidated Time-Series data, providing an extensive overview of Direct Tax collections and administration from Financial

A member of the Reserve Bank of India's Monetary Policy Committee (MPC), Ashima Goyal,  has suggested the imposition of income tax on affluent farmers as part of her wishlist for the upcoming Interim Budget 2024.

As Finance Minister Nirmala Sitharaman gears up to unveil the interim budget on February 1, the thriving edtech sector in India is eagerly awaiting fiscal policies that could significantly influence the trajectory of digital education

Unveiling their net worth and entrepreneurial triumphs, this article explores how each of these Chartered Accountants (CA) turned businessmen have navigated the business landscape, amassing substantial wealth. This exploration delves into the financial accomplishments of

This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Society not being Wholly/Substantially financed by Government can’t raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT Chhattisgarh Rajya Open