What is Pecking Order Theory: Pecking Order theory is based on Asymmetric information, which refers to a situation in which different parties have different information. In a firm, […]
Understanding Customs Audit under section 99A
In supersession of On-site Post Clearance Audit at Premises of Importer and Exporter Regulations, 2011, Government has notified Customs Audit Regulations, 2018. For this reason, a separate section […]
Guidelines for Taxability of Gifts Received in Cash and Kind
In order to prevent the practice of receiving sum of money or the property without consideration or for inadequate consideration, section 56(2)(x) brings to tax any sum of […]
Stock Transfers Between Branches is Supply under GST
It is a common practice in business to transfer goods transferred amongst different units of same entity, for instance, distribution of samples manufactured in a factory to different […]
Jesse Watters Wife Emma Facing IRS Troubles
Jesse Watters wife is Emma DiGiovine. Emma is a former Fox News associate producer. The couple got married in December 2019 and have a son and a daughter […]
Computation of Income through Arm’s Length Price
Income to be computed at arm’s length price [Section 92(1)] Any income arising from an international transaction shall be computed having regard to the arm’s length price. Although […]
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Clubbing of income of a minor child [Section 64(1A)]
In computing the total income of an individual, there shall be included all such income as arises or accrues to his minor child. Therefore, the income of a […]
Analysing Section 54 of the Income Tax Act
Section 54 from the Bare Act According to Section 54, Any long-term capital gain, arising to an individual or HUF, from the transfer of a residential house property […]
Justin Trudeau’s $96 Million Assets and Inheritance
As of 2024, Justin Trudeau’s Net Worth is $96 Million USD. In addition to an annual salary of $379,000, Trudeau earns millions more through his investments and business […]
Shannon Bream’s Net Worth and Husband
As of 2024, Fox News anchor Shannon Bream has a net worth of $30 million. She earns a salary of $6 million annually. Shannon Bream has been married […]