Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
The Enforcement Directorate questioned a former professional cricketer for over eight hours regarding an alleged money laundering case linked to an illegal online betting application. The investigation, conducted under the Prevention of Money Laundering Act, seeks to clarify the individual's connections with the app, including endorsement fees and communication methods. The agency is probing multiple illegal betting apps that reportedly defrauded numerous users and evaded taxes. Authorities have also questioned representatives of major tech companies and conducted multi-state searches related to similar cases. The online betting market in the country is substantial and rapidly growing, with millions of users. The government has issued numerous orders to block unregistered betting platforms and regulates online money gaming under tax and information technology laws. While betting and gambling fall under state jurisdiction, the central government supports states through advisories and funding to combat illegal betting activities.
The Enforcement Directorate questioned a former professional cricketer for over eight hours regarding an alleged money laundering case linked to an illegal online betting application. The investigation, conducted under the Prevention of Money Laundering Act, seeks to clarify the individual's connections with the app, including endorsement fees and communication methods. The agency is probing multiple illegal betting apps that reportedly defrauded numerous users and evaded taxes. Authorities have also questioned representatives of major tech companies and conducted multi-state searches related to similar cases. The online betting market in the country is substantial and rapidly growing, with millions of users. The government has issued numerous orders to block unregistered betting platforms and regulates online money gaming under tax and information technology laws. While betting and gambling fall under state jurisdiction, the central government supports states through advisories and funding to combat illegal betting activities.
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