Navigating Taxes in Joint Development Agreements: A Comprehensive Guide Estabizz Fintech Pvt Ltd delves deep into the complexities of taxes in Joint Development Agreements (JDAs), providing landowners with essential insights to manage their tax liabilities effectively. Understanding the Basics of JDAs Joint Development Agreements represent a collaborative venture where a landowner partners with a builder, exchanging land for construction expertise and a share of the completed project. This seemingly straightforward arrangement, however, introduces several tax […]

New Penalty Regime for Pan Masala Makers Introduction to the New Regime At Estabizz Fintech Pvt Ltd, we’re keenly observing the strategic developments unfolding within tax regulation. Come October 1, 2024, the pan masala industry will encounter a transformative shift as a new penalty regime takes effect. This measure, ushered in by the Central Board of Indirect Taxes and Customs (CBIC), introduces a stringent crackdown on tax evasion within this sector. Crux of the Change […]

Understanding IT Sector’s GST Challenge: A Critical Outlook from Estabizz Fintech Pvt Ltd The Buzz Around GST Notices in IT Sector Recently, the Indian IT sector found itself at the center of a financial whirlwind when Infosys, a leading technology firm, received a hefty GST notice amounting to ₹32,403 crore for the period of July 2017 to March 2022. This move by the Karnataka State GST authorities emphasized the need for rigorous tax compliance but […]

Tax Implications for Gifts Between Father’s and Son’s HUF Navigating the complexities of financial compliance and tax regulations is critical for ensuring optimal growth and adherence to legal requirements. Understanding how the income tax laws apply to gifts within Hindu Undivided Families (HUFs) is essential for effective financial planning. Overview Your HUF Composition: Members: You, your wife, one unmarried daughter, and one son. Son’s HUF Composition: Members: Your son, his wife, and two minor daughters. […]

Analysis of Weekly Economic Indicators GST Collection Trends: A Slowdown Observed The GST collections in June displayed a growth of 7.7% at ₹1.74 trillion. Notably, this growth rate is the most subdued since June 2021. Recent months have witnessed a modest performance compared to the 11.7% average growth registered in the previous financial year. Startup Funding Dynamics: The Silver Lining Amidst the Cold Startups experienced a robust financial inflow in June, with $1.6 billion injected by […]