The Indian tax system follows a structure where income tax is either deducted at source or paid directly by the taxpayer. One of the most […]
What is LLP? Complete Guide to Limited Liability Partnership Registration
A Limited Liability Partnership, or LLP, is a distinct type of business organisation that combines elements of a partnership with features of a private limited […]
Portfolio Management Made Easy: Best Practices for Asset Allocation and Diversified Investing
Portfolio management is a comprehensive and structured approach to managing investments that seeks to balance risk and reward according to an individual’s or institution’s objectives, […]
Limited Review Compliance: Auditor’s Legal and Ethical Obligations
Interim financial reporting serves as a crucial tool for maintaining financial transparency between two annual reporting periods. It is designed to provide timely and relevant […]
How to Become a GST Practitioner: Qualifications, Duties & Online Registration Explained
The implementation of Goods and Services Tax in India marked a significant reform in the country’s indirect tax regime. The system was designed to bring […]
Mastering Capital Budgeting: Top Methods to Evaluate Long-Term Investments
Capital budgeting is one of the most vital areas of financial management. It focuses on identifying, evaluating, and selecting long-term investment projects that require substantial […]
GST Appellate Tribunal and Appeals Mechanism: A Comprehensive Overview
The Goods and Services Tax, introduced in July 2017, transformed the indirect taxation landscape of India. It was envisioned as one of the most ambitious […]
Interplay of Section 144C(13) and 153(3) in Transfer Pricing Assessments
In the framework of income tax assessments in India, statutory timelines play a critical role in ensuring fairness, efficiency, and finality in proceedings. The intersection […]
Updated Income Tax Slabs, Surcharge Rates and Cess Structure for AY 2025‑26 and 2026‑27
India’s income tax framework for individuals and entities is a dynamic system that frequently undergoes changes to reflect economic needs and policy objectives. The assessment […]
Applicability of ICDS Explained: Complete Guide for Taxpayers and Professionals
The taxation framework in India has witnessed a continuous evolution, particularly in the domain of accounting standards applicable for income computation. Initially, under the powers […]
Tax Audit Clauses 39 to 41 Explained: Comprehensive Guide as per ICAI Guidance Note
Clause 39 of the tax audit report requires an auditor to disclose specific information when an audit has been conducted under section 72A of the […]
Restatement of Financial Statements under Ind AS 8: Rules, Errors, and Disclosures Explained
Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors, is a foundational standard within the Indian accounting framework. It provides guidance for selecting […]
Understanding Capital Budgeting: Key Steps, Techniques, and Business Applications
Capital budgeting is one of the most vital areas of financial management. It involves making decisions about large, long-term investments that will shape the future […]
Scrutiny Assessment under GST: How to Respond to ASMT-10 Notices Effectively
The Goods and Services Tax system in India brought with it a robust framework for compliance and monitoring. Among the various mechanisms adopted to ensure […]
CBDT Sets CII at 348 for FY 2023-24: How It Changes Capital Gains Computation
The computation of long-term capital gains is one of the most critical aspects of income tax compliance for investors, businesses, and individuals who deal with […]