Rule 37 BB of the Income- Tax Rules has been amended to strike a balance between reducing the burden of compliance and collection of information under...
As you are aware, for the first time in the world, India as a country introduced a statutory requirement for the corporate sector to discharge their s...
The first thing which comes to mind when we think of Income Tax Act is the complexity of the law. The income tax department has put in a lot of effort...
Section 56(2) (viia) of the Income Tax Act, 1961 talks about transfer of shares of a closely held company.
This section is applicable if the followin...
