Reassessment Notice Under Section 148 Explained
A Reassessment Notice under Section 148 is issued by the Income Tax Department when it believes that a taxpayer’s income has escaped assessment (i.e., not reported or underreported in earlier returns). This process is governed under the Income Tax Act, 1961, specifically Sections 147 to 151. What is Section 148 Notice? A notice under Section 148 is: Why is a Reassessment […]
IP Due Diligence for Startups
IP Due Diligence refers to the process of identifying, verifying, and evaluating a startup’s Intellectual Property (IP) assets to ensure legal ownership, protection, and compliance. It is especially important during funding, mergers, acquisitions, or partnerships. In India, IP rights are governed under laws such as the Patents Act, 1970, Trade Marks Act, 1999, and Copyright Act, 1957. What is IP Due Diligence? It […]