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Read more about the article Concept of “Resulting Company” under Section 2(41A) of the Income-Tax Act

Concept of “Resulting Company” under Section 2(41A) of the Income-Tax Act

Business reorganization is a complex process that involves restructuring a company's assets, liabilities, and operations to enhance efficiency, competitiveness, and profitability. Among the various forms of business reorganization, demergers have…

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Read more about the article Understanding Rehabilitation Allowance under Section 33B of the Income Tax Act
section 33 B Incone tax act

Understanding Rehabilitation Allowance under Section 33B of the Income Tax Act

When natural calamities or unforeseen events disrupt an industrial undertaking, re-establishing the business can be a daunting task. Recognizing this challenge, the Indian government introduced Section 33B in the Income…

Continue ReadingUnderstanding Rehabilitation Allowance under Section 33B of the Income Tax Act