The process of income return assessment in India has undergone significant transformations over the decades. What was once a manual and officer-driven assessment system has […]
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Golden Rules of Accounting Explained: Complete Guide to Debit and Credit Rules
Accounting is often referred to as the language of business because it communicates financial information that is vital for decision-making. Every business, whether small or […]
Form 10B/10BB Due Date Extended for Charitable Trusts: CBDT Sets New Deadline
The Indian regulatory framework for charitable and religious organizations offers tax exemptions under various provisions of the Income-tax Act, 1961, to ensure that such entities […]
Form 12BBA and Section 194P: Simplified Tax Compliance for Senior Citizens by CBDT
The landscape of income tax compliance in India has undergone continuous transformation over the years to simplify procedures and improve taxpayer convenience. Among the significant […]
GSTR-1 Return Filing Under GST: Step-by-Step Guide for Businesses
The Goods and Services Tax framework in India brought about a fundamental change in the way indirect taxes are levied and collected. One of the […]
Mastering Financial Management: Key Strategies, Goals, and Decision-Making Tools
Financial management is a fundamental component of business strategy and daily operations. It deals with how an organization acquires, allocates, and controls its financial resources […]
Understanding Section 194S of Income Tax Act: TDS Deduction on Virtual Digital Asset Transfers
In recent years, the popularity of digital assets has surged across the globe, and India has emerged as one of the leading markets for such […]
Attachment of Charged Assets: Legal Steps Every Charge Holder Must Follow
In recent years, companies in India have increasingly turned to debt financing as a prominent means of raising capital. This includes borrowing through financial institutions, […]
Latest MCA Circular: Extended Deadlines for Filing Annual Returns and Financial Statements
The Ministry of Corporate Affairs has once again taken a significant step to provide relief to companies in India by extending the due dates for […]
SEBI Act, 1992 Explained: A Beginner’s Guide to the Market Regulator
The Securities and Exchange Board of India Act, 1992, known as the SEBI Act, was enacted to provide a statutory framework for the establishment and […]
Understanding GST Implications in Real Estate Joint Development Agreements
Joint Development Agreements are now one of the most common collaboration models in Indian real estate. They allow landowners and developers to combine resources for […]
Form 24Q Explained: Complete Guide to TDS on Salary, Return Filing and Due Dates
The system of tax deduction at source plays a crucial role in India’s income tax framework. Among the various forms used for reporting deducted tax, […]
Taxable and Exempt Income from House Property: What You Need to Know
Income from house property refers to the revenue derived by an individual or entity from ownership of a building or land attached to such a […]
Corporate Guarantees under GST Law: Litigation Trends, Clarifications and Amendments Explained
A corporate guarantee plays a pivotal role in the financial and business ecosystem of group entities. It represents a contractual commitment made by one company, […]
Understanding Contingent Liabilities and Commitments Disclosure Under Ind AS
In the realm of financial reporting under Indian Accounting Standards (Ind AS), the treatment and disclosure of contingent liabilities play a pivotal role in presenting […]