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Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)
The Ministry of Corporate Affairs (MCA) has introduced a one-time compliance window titled Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), effective from 15 April 2026 to 15 July 2026.
Mayur Bhadani
Feb 253 min read
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π ITAT Ahmedabad Landmark Ruling -Section 263 Order Passed in Name of Non-Existent Company Held Void
Section 263 Order Passed in Name of Non-Existent Company Held Void
Mayur Bhadani
Feb 183 min read
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Taxation of Gifts under Income Tax Act (Section 56(2)(x))
π Taxation of Gifts under Income Tax Act (Section 56(2)(x)) β Gift = Income? YES, Sometimes Many people believe gifts are always tax-free. π Wrong assumption β wrong reporting leads to notices & penalties . π What Does the Law Say? If a person receives money, property or assets without consideration or for inadequate consideration , it may be taxable as βIncome from Other Sourcesβ . π° Gift in Cash π’ Not taxable if total gifts β€ βΉ50,000 in a financial year π΄ Taxable i
Mayur Bhadani
Jan 292 min read
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