You would be buying that new car; you can always claim tax deduction. Cars completely or partially used for business purposes are assets in themselves, which can be allowed as business expenditure.

Impact of Reduction of Share Capital on the Financial Statement of company after completion of process The primary impact on its financial statements is a decrease in the total shareholders’ equity on ...

Summary: The Madras High Court ruled that the Customs Department lacks jurisdiction to issue a show cause notice regarding the misclassification of SEIS (Service Exports from India Scheme) scrips ...

The Foreign Trade Policy (FTP) and past court rulings (Zuari Industries, Titan Medical, Alstom India) confirm that customs cannot override DGFT’s decisions. The petitioners misclassified their goods ...

NASDAQ has, in recent times, mandated the presence of at least two members on the Board, who are diverse, where at least one director should identify as a female and at least one director who ...

A new Income Tax Bill (Bill 2025) is set to be introduced in Parliament next week. The bill is designed to be clear and concise, reducing the length of the existing law by nearly half. Its simplified ...

As announced in the Monetary Policy Statement dated February 07, 2025, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

The Reserve Bank of India (RBI) has introduced key policy measures in financial markets, cybersecurity, and payment systems to enhance market efficiency and security. In financial markets, RBI plans ...

A class action is a legal proceeding in which shareholders bring suit as a group against the company or its directors or officers and the judgment or settlement received from the suit covers all the ...

What does one do if a violation takes place by use of an unregistered mark or if an attempt at registering a mark gets lodged is objected to or opposed. In this case, a well-known overarching ...

A Producer Company under the Companies Act 2013 is a legally recognized group of individuals or institutions engaged in the production of primary produce. It aims to improve the livelihoods of its ...