The Income Tax Act, 1961, has undergone several amendments over the years to simplify and streamline taxation policies in India. One significant change was the omission of Section 2(39), which…
The taxation of distributed income from securitisation trusts is governed by Section 115TA of the Income Tax Act. This provision establishes clear guidelines on how income distributed by securitisation trusts…
Introduction Under Section 12AB of the Income Tax Act, trusts or institutions seeking registration must apply within the specified timelines as outlined in clause (ac) of sub-section (1) of Section…