Author Archives: Team LegalWindow

Whether Depreciation on acquired Goodwill Allowable?

Whether Depreciation on acquired Goodwill Allowable?

Union Budget of 2021 amends the Income Tax Act of 1961 ("Act") to prohibit depreciation on an organization’s goodwill. The Income Tax Act…
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Income Tax Deduction on Donation

A Detailed Summary of Income Tax Deduction on Donation

Introduction Plenty of us have considered donating to charity and helping the community at a certain stage in life. It is admirable to…
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All about Dividend Income, Payment and Compliances

All about Dividend Income, Payment and Compliances

Dividend income, payment, and reporting have undergone significant changes in the previous and current fiscal years, with recipients facing increased taxation and reporting…
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All you need to know about FC-GPR Filing

All you need to know about FC-GPR Filing

When a company receives foreign investment, the Reserve Bank of India (RBI) issues Form FC-GPR. As a result of such investment, the business…
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