Capital Transactions

Buyback Tax Reforms: Impact on Companies and Shareholders

A buyback of shares is a financial plan where a company repurchases its own shares from

Time Limit for Reopening Income Tax Cases Reduced in Finance Act (No.2) 2024

Building trust and faith in the taxation system is crucial, and a significant step to achieve

Re-registration Date for Charitable Organizations Extended

Income Tax offers tax relief to charitable organizations registered under the Income Tax Act. This is

Shareholders Allowed Capital Loss Despite NIL Consideration in Company’s Share Reduction

The Mumbai Tribunal in the case of Tata Sons Limited (TSL) held that reduction of share

Everything You Need to Know About Slump Sale

Slump sale is an effective and maybe the quickest strategy to undertake business transfer with assets

Tax Consideration on Payment to Micro and Small Enterprises

Introduction Section 43B of the Income-tax Act, 1961(the Act), allows certain statutory payments as deduction only

Transfer Pricing: Meaning, Objective, Benefits, and Applicability

A transfer price arises for accounting and taxation purposes when related parties, such as divisions within

New Valuation Rules to Determine Angel Tax

The Central Board of Direct Taxes (CBDT) has issued a notification* that amends Rule 11UA of the Income-tax

Income Tax Rule 11UACA: Complete Overview of the Latest Update

The Central Board of Direct Taxes (CBDT) vide notification no 61/2023/F. No. 370142/28/2023-TPL dated August 16,

Refund of GST Paid Under RCM on Ocean Freight

The Reverse Charge Mechanism (RCM) is a system of taxation where the liability to pay tax