The financial services sector in India is a well-organized system that includes banks, non-banking financial companies (NBFCs), insurance firms, mutual funds, pension funds, and other […]
Supreme Court Rules: High Court Stays Not Subject to Automatic Vacation
Stay orders are one of the most crucial tools in the Indian judicial system. They are temporary orders issued by a court to suspend the […]
Bima Sugam: IRDAI’s New Digital Initiative to Transform Insurance in India
On March 20, 2024, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a landmark reform in the form of the Bima Sugam – […]
India’s Modern Customs Framework: A Guide to IDPMS, Faceless Assessment & AEO
In India, goods may be imported or exported via sea, air, or land. The customs procedures discussed here apply only to formal trade through ports […]
Understanding Capital Gains in India: Meaning, Types, and Tax Rates
Capital gains in India are governed by a well-defined legal framework under the Income Tax Act, 1961. The essence of capital gains taxation lies in […]
Understanding Standards on Auditing: Objectives, Scope, and Implementation
An audit is an independent examination of financial information of any entity, whether profit-oriented or not, and irrespective of its size or legal form, conducted […]
Understanding Allocation and Reversal of Input Tax Credit (ITC) Under GST
The principle of value-added tax dictates that input tax credit is only available when tax is payable on the output. If a registered person is […]
Mastering Working Capital Management: Methods, Estimation, and Calculation
Working capital management refers to the process of managing a company’s short-term assets and liabilities to ensure it maintains sufficient liquidity to run its daily […]
Compliance Guide to Debenture Issuance as per the Companies Act
Debentures may be either secured or unsecured. When secured, they are backed by a charge against the property or asset of the company, or that […]
Understanding Portfolio Managers: Roles, Types, and Regulatory Requirements
Risk and return are two essential aspects of any financial investment. Portfolio management refers to the process of selecting and managing a mix of investment […]
Explained: Consent Requirement for Shorter Notice in AGMs
The Companies Act, 2013, mandates that every company, other than a One Person Company, shall hold an Annual General Meeting each year. This meeting serves […]
Understanding Insurance Law in India: Key Concepts, Types, and Regulations
Insurance is an arrangement where a company or the State guarantees compensation for specified loss, damage, illness, or death in exchange for a payment known […]
Understanding Gift Taxation Under Section 56(2)(x): A Donee-Centric Approach
The Gift-tax Act, 1958, originally governed the taxation of gifts in India. Under this legislation, the tax liability rested with the donor — the person […]
Disclosure Checklist for Ind AS 108: Operating Segments
Ind AS 108, Operating Segments, aims to ensure that an entity provides financial statement users with meaningful information to evaluate the nature and financial effects […]
A Comprehensive Guide to TDS Deduction under Section 194J
Tax Deducted at Source under Section 194J of the Income-tax Act applies to specific types of payments made to resident persons. The provision ensures that […]