Goods and Services Tax (GST) has revolutionized the indirect taxation system in India since its implementation in 2017. One of the fundamental aspects of GST […]
In-Depth Analysis of Cost Audit Process and Cost Audit Report Submission
Cost audit is an essential part of modern corporate governance and financial management, playing a significant role in the verification and validation of a company’s […]
The Ultimate Breakdown of Financial Statements: Types, Objectives, and Core Elements
Financial statements are the backbone of any company’s financial reporting. They provide detailed insights into a company’s financial performance, position, and cash flows during a […]
Demystifying GST Demand of Tax Under Section 73: What You Need to Know About SCNs
The Goods and Services Tax (GST) framework incorporates mechanisms for ensuring compliance and recovering dues when taxpayers fail to discharge their tax liability correctly. Section […]
Form GSTR-2A vs GSTR-2B: What Every Taxpayer Should Know in GST
Goods and Services Tax (GST) has transformed the way indirect taxes are administered in India by streamlining compliance and introducing multiple returns for various categories […]
Navigating GST Valuation: Practical Challenges and Best Practices for Businesses
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. One of the most critical […]
Comprehensive Guide to Capital Budgeting and Accurate Cash Flow Estimation
Capital budgeting is a fundamental process in corporate financial management that focuses on evaluating and selecting long-term investment projects. These projects often involve acquiring fixed […]
How Rule 11UA’s New Valuation Methods Impact Share Issuance and Taxation
The concept of Angel Tax was introduced by the Finance Act of 2012 as a measure to regulate investments in private companies. Section 56(2)(viib) of […]
Understanding the Recent Extension of TDS Statement Deadlines for FY 2023-24
The compliance landscape in India’s income tax system is continually evolving, requiring taxpayers to stay informed about changes in deadlines and filing requirements. The Central […]
Mastering GST Compliance: Scope and Various Types of Supplies Simplified
Goods and Services Tax (GST) is one of the most significant indirect tax reforms introduced to unify the taxation system on goods and services. It […]
IGST Act Explained: Import and Export Valuation Rules and GST Impact
The implementation of the Goods and Services Tax (GST) in India on July 1, 2017, marked a significant reform in the indirect tax landscape. One […]
AY 2019-20 Income Tax Slab Rates Explained: Calculation and Rebate Details
When it comes to financial obligations, there are certain responsibilities that cannot be avoided, and paying taxes is one of them. Being informed about the […]
Mastering Ind AS 34: Disclosure Standards for Effective Interim Financial Reporting
Interim financial reporting is a vital aspect of corporate financial communication, enabling stakeholders to receive timely updates on an entity’s financial performance and position throughout […]
Understanding the Regulatory Framework Governing NBFCs: A Legal Perspective
A non-banking financial company is a corporate entity registered under the Companies Act that undertakes financial activities without holding a full banking license. These institutions […]
RBI Revises Net Owned Fund Norms for NBFCs: New Capital Requirements Explained
Non-Banking Financial Companies (NBFCs) have emerged as vital players in India’s financial landscape. They operate alongside banks to provide credit and financial services to various […]