![Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]](/img/previewthumb/paidnfree/Feb_6.jpg "Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]")
In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.
What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a
This article outlines how to effectively report your cryptocurrency gains and ensure compliance with tax regulations.
Recent change in ITR utility for rebate u/s 87A has caused confusion and concerns among taxpayers and professionals.
This article delves into what Form 26AS is, its significance, and what taxpayers should know while filing their ITR.
Arjuna (Fictional Character): Krishna, the due date for filing of Income Tax Return for Individuals is 31st July, however still many people around the nation ha...
In this article, we make an attempt to discuss some of the benefits of filing income tax returns and what the best way to go about doing so is.
Filing of Return of TDS on purchase of property under Income Tax Act under Form 26QB can be tricky and at times. It becomes more frustrating when there is some mistake after filing as the correction process may not be friendly for common person.
A man in Delhi claimed about paying a large fee to a chartered accountant for a minor tax dispute. He paid Rs 50,000 to a CA for resolving a tax notice where the disputed amount was only Re 1.
The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f. AY 2024-25 to make the new tax regime the default tax regime for the assessees being individuals, HUF, AOP (not being cooperative societies), BOI, or artificial judicial persons.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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