In the world of business and finance, transparency and reliability of financial information are crucial for the decision-making process of investors, regulators, creditors, and other […]
Full-KYC Digital Wallets Can Now Send and Receive Money via Any UPI App: RBI Update
The Reserve Bank of India has announced a landmark update in the digital payments ecosystem that directly impacts users of full-KYC prepaid payment instruments such […]
Comprehensive Guide to Investment Funds in IFSC and Their Tax Benefits
The creation of India’s International Financial Services Centre in GIFT City marked a major milestone in the country’s strategy to engage more directly with global […]
Capital Structure Fundamentals with Leverage Analysis and Dividend Planning
Capital structure refers to the composition of a company’s financing in terms of debt and equity. It represents the specific combination of long-term debt, short-term […]
Income Tax Return ITR-3 Form AY 2018–19: Full Overview and Reporting Guidelines
The ITR-3 form is an important return filing document for individuals and Hindu Undivided Families who have income from business or profession but are not […]
Detailed Guidelines for Using the RBI’s Liberalised Remittance Scheme
The Liberalised Remittance Scheme is an important facility introduced by the Reserve Bank of India to simplify the process for resident individuals to send money […]
Step-by-Step Guide to Fix Negative Liability in GSTR-4 for GST Composition Scheme
Negative liability in GSTR-4 is a recurring challenge for many composition dealers under GST. While the Goods and Services Tax Network has introduced mechanisms to […]
CBDT Explains Finance Act 2023 Provisions for Taxpayers and Professionals
The Finance Act, 2023 is a comprehensive piece of legislation aimed at refining the country’s fiscal framework and introducing a wide range of measures to […]
CBDT Announces New Form 13 Filing Rules for Lower or Nil TDS Without Payer Details
Tax Deduction at Source, commonly known as TDS, is an essential component of India’s tax administration framework. It ensures that tax is collected at the […]
Debit Note vs Credit Note: Meaning, Difference, and GST Provisions Explained
In the framework of the Goods and Services Tax, commercial transactions rarely remain static from the moment a tax invoice is issued to the point […]
Detailed Income Tax Slabs for AY 2022–23 with Old and New Regime Comparison
The Indian income tax system is based on the principle of progressive taxation, where individuals with higher earnings pay a greater proportion of their income […]
GST Investigation Summons Explained: Attendance and Document Production Guide
The Goods and Services Tax framework grants investigative powers to authorities to ensure compliance, prevent evasion, and collect accurate revenue. Among these powers, the ability […]
New Income Tax Return Filing Rules and ITR Form Updates for AY 2024-25
The new assessment year has brought in a set of significant changes in Income Tax Return forms that are designed to make filing more streamlined, […]
Employer-Employee Contracts and GST: What Businesses Need to Know About Taxability
The concept of an employer-employee relationship forms the foundation of many legal, social, and economic frameworks around the world. It defines the rights, obligations, and […]
Income Tax and Residential Status: A Detailed Overview for Taxpayers
Income tax laws can seem complicated, but one fundamental aspect that plays a crucial role in determining your tax obligations is your residential status. Whether […]