IFSCA Clarification on Family Investment Funds

Mumbai ITAT holds that financial service business of the Assessee constitutes an undertaking and transaction qualifies as demerger as per section 2(19AA) of the Income-tax Act, 1961 (‘Act’) and therefore, not liable for dividend distribution tax (‘DDT’)1

Supreme Court interprets the scope of “General Public Utility” for claiming tax exemption

CBDT issues guidelines on section 194R to address various concerns on its implementation

Supreme Court Ruling and CBDT Instructions in respect of reassessment controversy