Blogs

Direct Tax Insights: Expert Analysis and Updates

Section 194T: Scope and Application of Section 194T

Presently there is no provision for deduction of tax at source (TDS) on payment of salary, remuneration, interest, bonus, or commission to partners by the partnership firm. In ACIT v. Dhar Construction Company [2023] 146 taxmann.com 81 (Gauhati – Trib.), it was held that : What is Salary? Therefore, to overcome the above decision, the Finance (No. 2) Act, […] Print

Team Counselvise-January 17, 2025

Startups

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The Startup India Scheme and Section 80-IAC Tax Exemption

The entrepreneurial spirit in India is flourishing like never before. With innovation and ambition at its core, the government has launched initiatives to empower new entrepreneurs. A key initiative is the Startup India Scheme. It, along with the 80IAC tax exemption, aims to support and incentivize startups in their growth. What is the Startup India […] Print

Team Counselvise-January 08, 2025

Income Tax

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SECTION 47: CERTAIN TRANSACTION NOT REGARDED AS TRANSFER (EXEMPT TRANSFER)

What is section 47 of Income Tax Act? Section 47 of the Income Tax Act, 1961 (India) specifies transactions that are not regarded as transfers for the purposes of capital gains tax. Under normal circumstances, when a capital asset is transferred, any gains or profits derived from the transfer are subject to capital gains tax. […] Print

Team Counselvise-January 06, 2025

Startups

free

Startup Tools for Success in India

Starting a startup is a thrilling journey, especially in India. Its vibrant ecosystem is full of entrepreneurial opportunities. However, to move from idea to execution, you need the right tools in your arsenal. Whether you're working on a tech innovation, a service platform, or a product-based Startup, leveraging these tools can simplify the process and […] Print

Team Counselvise-January 06, 2025

Income Tax

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Income tax notices and how to reply to them

What is an Income Tax Notice? Income tax notices are official communications from the Income Tax Department to a taxpayer, highlighting issues or actions related to their tax filings. Receiving such a notice doesn't always indicate wrongdoing; it may simply request additional information or clarification. Types of Income Tax Notices Section Purpose Description 139(9)   […] Print

Team Counselvise-January 03, 2025

Startups

free

The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies

Navigating the complex world of startup financing can be one of the most challenging aspects for entrepreneurs. Understanding the various stages of startup funding is crucial for securing the right capital at the right time. Each stage serves a specific purpose in the lifecycle of a startup and attracts different types of investors. In this […] Print

Team Counselvise-January 02, 2025

Income Tax

free

Tax Harvesting: Mastering the Art of Tax Savings

Tax harvesting is a strategic way to save on taxes by selling investments to either book gains or losses. The idea is to reduce your overall tax burden by carefully timing these transactions. You can offset gains with losses or make use of tax exemptions provided under the Income Tax Act. In India, tax harvesting […] Print

Team Counselvise-December 28, 2024

Finance

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SME IPOs- Revised Eligibility Criteria

SME IPOs has seen massive growth in recent years. In FY2023-24, a record 196 SME IPOs raised over Rs 6,000 crore, with 159 IPOs raising more than Rs 5,700 crore by October 2024. However, this rapid growth has raised concerns. There are issues of fund diversion, inflated revenues, and misuse of proceeds. To address these […] Print

Team Counselvise-December 27, 2024

Income Tax

free

Taxation on Online Gaming in India

Understanding the taxation of online gaming in India has become increasingly important as the industry has grown rapidly, transforming from a niche hobby into a multi-billion-dollar sector. This rapid growth has led the Indian government to impose specific tax rules to ensure oversight and revenue collection. Understanding these tax implications is crucial for gamers, developers, […] Print

Team Counselvise-December 25, 2024

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Direct Tax

Direct Tax

Indirect Tax

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Other Links

Direct Tax

Direct Tax

Indirect Tax

Corporate Law

Other Links

Direct Tax Insights: Expert Analysis and Updates

Section 194T: Scope and Application of Section 194T

The Startup India Scheme and Section 80-IAC Tax Exemption

SECTION 47: CERTAIN TRANSACTION NOT REGARDED AS TRANSFER (EXEMPT TRANSFER)

Startup Tools for Success in India

Income tax notices and how to reply to them

The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies

Tax Harvesting: Mastering the Art of Tax Savings

SME IPOs- Revised Eligibility Criteria

Taxation on Online Gaming in India