Section 236 of the Companies Act, 2013 deals with the mechanism for the purchase of shares held by minority shareholders when an acquirer or a group of persons becomes the majority shareholder by holding 90%…

Under Indian Income Tax Law, a person may earn income that is either fully exempt or partially exempt from tax under specific provisions. However, if the total income includes such income on which no income…

Under Indian Income Tax Law, a person may earn income that is either fully exempt or partially exempt from tax under specific provisions. However, if the total income includes such income on which no income…

Introduction Section 89 provides income tax relief to a taxpayer when they receive: Salary in arrears (for past years), or Salary in advance (for future years), or Family pension in arrears, which could result in…

Section 111A was inserted by the Finance (No. 2) Act, 2004, w.e.f. AY 2005–06 to promote participation in equity markets and to reduce the tax burden on short-term investors trading through recognized exchanges. The objective…

Section 270A of the Income Tax Act was introduced to curb tax evasion and bring discipline among taxpayers. It replaces the old penalty provision under Section 271(1)(c) from AY 2017-18 onwards. Earlier, penalties were based…

The appointment of auditors is a key compliance requirement under the Companies Act, 2013. Auditors are responsible for examining and expressing an opinion on the truth and fairness of the financial statements of a company.…

As we enter the tax audit season for Assessment Year (AY) 2025–26, tax professionals and businesses must take note of the significant updates brought in through CBDT Notification No. 23/2025 dated March 28, 2025. These…