VRS Tax Benefits under employment
Voluntary retirement scheme is a mechanism used by employees seeking retirement earlier than their actual retirement due date. Under VRS employees are not forced to leave their job but they choose voluntarily to terminate their employment. Employers or companies offer...Budget changes dated 23rd July, 2024
Budget in India is the most anticipated event, where every taxpayer is hoping that they get benefited from it. In current year, Budget was declared on 23rd July, 2024 due to General Loksabha Elections. This year’s budget was mainly focused on increasing...Penalties us 269SS and 269T cannot be Levied on Company for Receipt or Repayment of Cash Loans from Directors out of Business Exigency : ITAT
Businesses often face the need of urgent liquidity to tackle certain unforeseen events. Business exigencies are like sudden changes in market conditions, unexpected equipment failures, supply chain disruptions, or urgent regulatory compliance requirements. In such...
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