Investor Education and Protection Fund (IEPF)
The Investor Education and Protection Fund (IEPF) was established by the Government of India under Section 125 of the Companies Act, 2013, to deal with unclaimed dividends, shares, debentures, and other financial assets. It is…
Capital Gain Exemption on Sale of Residential House Property
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising from the sale of a residential house property. The exemption is available when the proceeds or capital gains…
Kind Attention Taxpayers!
Income Tax Return Form of ITR-2 is now enabled for filing through online mode with pre-filled data at the e-filing portal. https://www.incometax.gov.in/iec/foportal/
Dividend Declaration and Distribution
Dividends are a portion of a company’s profits distributed to its shareholders as a return on their investment. While dividends reward investors, the law ensures fairness, timely distribution, and accountability by the company’s management. The…
Interest on Delayed Payment of Tax under GST
Section 50 of the Central Goods and Services Tax Act, 2017 provides for interest liability in cases where the taxpayer either delays the payment of tax or utilizes ineligible Input Tax Credit (ITC). 🔷 Interest…
GSTR-5 Filing for Non-Resident Taxable Person
Under the Goods and Services Tax (GST) regime in India, a Non-Resident Taxable Person (NRTP) is someone who does not have a fixed place of business in India but occasionally undertakes taxable transactions (supply of…
GST on Rent
Under the Goods and Services Tax (GST) regime, renting of immovable property is considered a supply of service. The taxability depends on the nature of use (residential or commercial), the type of person involved (registered…