Reforms in Taxability of ESOP’s (Equity Stock Option Plans)

What is an Employee Stock Option Plan (ESOP)? An employee stock ownership plan (ESOP) is basically a plan given to employee’s wherein subscription to the...

All you need to know about the Account Aggregators System launched by the RBI

On 2nd September,2021, RBI launched Account aggregators system, Account Aggregator (AA) network, a financial data-sharing system that is aimed  to  revolutionize investing and credit, giving millions of...

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Quick checklist to complete in April itself

On April 1, the Central Board of Direct Taxes (CBDT) notified all the income-tax related (ITR) forms for assessment year 2020-2021. While you have time...

Re-Registration of Trusts / Institutions [Notification No. 19/2021 dated 26.03.2021] :

The CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th March, 2021 prescribing the procedure for Registration including re-approval / revalidation of existing...

Non-Applicability of ICDS III to Real Estate Developers:

In this article we will discuss the non-applicability of ICDS III to Real Estate Developers and the Real Estate Developers are not required to...

GST UPDATES IN UNION BUDGET 2021

GST UPDATES IN UNION BUDGET 2021 The Finance Bill 2021, have proposed certain progressions in CGST Act, 2017 and IGST Act, 2017 to track input...

9 Major Direct Tax Amendments in Budget 2021-22

On 1st February 2021, Finance minister Nirmala Sitharaman introduced the Union Budget for the financial year 2021-22 of which the major Direct tax amendments...

Key Highlights of Union Budget 2021

The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the first-ever digital budget for 2021-22 on February 1, 2021. The total budget...

Section 206C(1H): Area of decision making for company management and business owners for smooth implementation of TCS on sale of goods

TCS provision would apply on all sale consideration (including advance received for sale) received on or after 01- 10-2020 even if the sale was...

What is TDS on Dividend Income and Its Impacts on Shareholders?

In the earlier tax regime, after corporate tax of 25% to 30% (effectively 33.99% including surcharge and cess), the Company was also liable to...

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