Accelerating Digital Tax Transformation in the Age of the Silver Tsunami
Learn why excise tax succession planning is urgent, how to protect compliance, margins, and institutional knowledge before it’s too late.| ComplyIQ by IGEN
Introduction: Understanding the Protective Framework The Income Tax Act of 1961 stands as the cornerstone legislation governing direct taxation in India, establishing a framework that balances revenue collection with taxpayer rights. Among its various provisions, Section 281 of the Income Tax Act carries substantial weight in property and asset transactions, often determining the fate of […] The post Implications of Section 281 of the Income Tax Act for Companies and Individuals appeared fi...| Bhatt & Joshi Associates
Introduction The Income Tax Department recently imposed a substantial penalty totaling ₹23.07 crore on ACC Limited, one of India’s leading cement manufacturing companies currently owned by the Adani Group. This enforcement action involves two separate penalty orders pertaining to Assessment Years 2015-16 and 2018-19, both predating the company’s acquisition by the Adani conglomerate.[1] The penalties […] The post Income Tax Department Imposes ₹23 Crore Penalty on ACC Limited: A Comp...| Bhatt & Joshi Associates
Learn why excise tax succession planning is urgent, how to protect compliance, margins, and institutional knowledge before it’s too late.| ComplyIQ by IGEN
This fourth of a five-article series discusses the application of the unit valuation principle. This installment summarizes the generally accepted unit valuation procedures. But first, this discussion describes the generally accepted summation valuation approaches and methods as a comparison to the unit valuation approaches and methods.| QuickRead | News for the Financial Consulting Professional
Starting July 1, 2025, North Carolina will implement significant changes to the taxation of snuff and... The post North Carolina’s Tobacco Tax Changes for July 1, 2025 appeared first on ComplyIQ by IGEN.| ComplyIQ by IGEN
Starting July 1, 2025, Tennessee will roll out a new tax and regulatory framework for vapor... The post Vapor Products are Subject to TN Tax July 1, 2025 appeared first on ComplyIQ by IGEN.| ComplyIQ by IGEN
The Illinois Department of Revenue (IDOR) has introduced critical updates to its tobacco tax reporting process... The post Understanding the TP-1 Tobacco Products Tax Return and Transaction Schedule Change appeared first on ComplyIQ by IGEN.| ComplyIQ by IGEN
