Due diligence is an interactive process that involves inquiring into, analyzing, and interpreting financial and operational data to assess risks and opportunities. This process goes […]
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Procedures for Transferring Membership in a Company Limited by Guarantee
A company limited by guarantee is a private company where the liability of its members is limited by the company’s constitution. The limit of liability […]
A Comprehensive Guide to Capital Budgeting: Methods, Choices, and Valuation
Capital budgeting is the process by which a business evaluates and decides on investments in long-term assets. These investments often involve substantial amounts of capital […]
Understanding UIN: The Unique Identity Number in GST
Under the Goods and Services Tax (GST) law, supplies made to entities such as United Nations agencies, foreign embassies, consular posts, and other organizations of […]
Understanding Standard Input Output Norms (SION) in Customs Procedures Under DGFT
Standard Input Output Norms (SION) serve as an important regulatory mechanism under the Foreign Trade Policy, primarily to standardize the consumption of inputs in the […]
Amortisation of Public Issue Expenses under Section 35D – Judicial Perspective
Under the Income Tax Act, 1961, revenue expenses are generally allowable as deductions in computing business income unless there is an explicit provision in the […]
Assessment Year 2024-25: Latest Changes in ITR Forms Explained
For the assessment year 2024-25, the Central Board of Direct Taxes has not altered the criteria for the applicability of Income Tax Return forms for […]
Understanding Limited Liability Partnership: Meaning and Formation Process
A Limited Liability Partnership (LLP) is a business structure where two or more persons associate for carrying out any lawful business to earn a profit. […]
RBI’s Framework for FinTech Self-Regulatory Organizations: Eligibility and Key Provisions
The FinTech sector in India has evolved rapidly, transforming the way financial services are delivered, consumed, and innovated. With digital solutions becoming the cornerstone of […]
Guide to Property Documentation under RERA: From Allotment Letter to Sale Deed
Real estate transactions involve multiple legal documents that serve as the foundation for property ownership, transfer, and rights enforcement. The Real Estate (Regulation and Development) […]
Latest Guidelines for Systemically Important NBFCs (Non-Deposit Taking)
The Reserve Bank of India introduced a revised set of guidelines applicable to Systemically Important Non-Deposit Taking Non-Banking Financial Companies (NBFC-ND-SI) in order to address […]
Understanding Ind AS 24 and Its Related Party Disclosure Requirements
Ind AS 24, Related Party Disclosures, is a key accounting standard that ensures transparency in the reporting of relationships and transactions between an entity and […]
TDS Rates under the Income Tax Act – A Complete Guide
Tax Deduction at Source, commonly known as TDS, is a mechanism under the Income Tax Act where the person responsible for making certain specified payments […]
GST Litigation in Mineral Transport and Related Services
The nature of contracts in the mineral transportation sector, particularly for coal, often follows a structured arrangement between the contractor and the mining operator. A […]
ITAT Rules Step-Siblings Qualify as Relatives for Income Tax Gift Exemption
The Income Tax Act, 1961, contains several provisions that determine how various forms of income and property transfers are taxed. One important area relates to […]