Tax Implications on Loan Waivers after amendment to Section 28(iv) Under resolution plan approved by NCLT, would generally involve waiver of loans and other liabilities of corporate debtor, which is subject to IBC Proceedings Tax implications on…
Tax Implication on Capital Reduction under IBC Capital reduction refers to the technique of reducing a company’s share capital in any form. It is a mechanism usually adopted by companies for re-modelling their capital structure,…
Deduction u/s 43B of IT Act for payments made to MSME: 1. Finance Act 2023 inserted clause (h) in Sec 43B, which says that any amount payable to Micro or Small and Medium Enterprises (MSME)…
