In today’s world, expectations from the government are higher than ever. The public is more aware and informed about their rights, and they demand transparency […]
An Overview of the Companies Act, 2013: Salient Features Explained
The Companies Act, 2013, replaced the Companies Act, 1956, to modernize India’s corporate law framework. It brought substantial changes to enhance transparency, improve corporate governance, […]
Corporate Financial Reporting: Meaning, Objectives, and Importance Explained
Financial reporting refers to the reporting of accounting information by a corporate or non-corporate entity to a user or group of users. Corporate financial reporting, […]
Public Provident Fund (PPF) Explained: Interest Rates, Withdrawals, and Tax Benefits for 2023
The Public Provident Fund scheme is one of the most trusted long-term investment options in India. It was introduced by the Government to encourage savings […]
Section 195 Explained: TDS on Payments to Non-Residents
Section 195 of the Income Tax Act is a provision designed to ensure that tax is collected at the source from payments made to non-residents […]
Taxation of Online Gaming Winnings in India: Income Tax & TDS Explained
The online gaming industry in India has witnessed exponential growth in recent years, attracting significant investments from both domestic and international companies. With the widespread […]
Tax Benefits for Senior and Super Senior Citizens in India
India’s Income Tax Act provides special relaxations to senior and super senior citizens to ease their compliance burden and reduce financial strain during retirement years. […]
Top CA Final Revision Books for Exam Success
Preparing for the CA Final examinations requires a strategic approach, especially during the revision phase. The CRACKER series of books is designed specifically to aid […]
Understanding the Business Cycle: Phases, Causes, and Key Characteristics
The business cycle refers to fluctuations in economic activity that an economy experiences over time. These fluctuations typically involve periods of economic expansion followed by […]
Understanding the Functions and Tactics of Debt Recovery Agents
Debt recovery agents play a crucial role in the financial ecosystem, particularly for banks, non-banking financial companies, and other lending institutions. Their primary responsibility is […]
Understanding Averages and Central Tendency in Statistics
One of the main objectives of statistical analysis is to determine various numerical measures that describe the fundamental characteristics of a frequency distribution. Among the […]
Share Capital Explained: Types, Rules, and Legal Framework
The capital of a company is divided into indivisible units of a fixed amount called shares. Section 2(84) of the Companies Act, 2013, defines a […]
Capital Gains Tax in India: A Complete Guide to Computation and Exemptions
Capital gains are chargeable to tax under the head “Capital Gains” when specific conditions are met. First, there must be the existence of a capital […]
Simplifying GSTR-3B Compliance with GST Invoice Management System (IMS)
The GST Invoice Management System (IMS) is a significant development under the Goods and Services Tax framework, introduced to facilitate better compliance, improve transparency, and […]
MCA Revises MGT-7, MGT-7A, and MGT-15 Forms: Key Disclosure Changes Explained
The Ministry of Corporate Affairs (MCA) plays a vital role in regulating corporate entities in India. It continuously revises compliance mechanisms to improve transparency, governance, […]