The restaurant sector in India has undergone significant transformation over the last decade, shaped by evolving consumer preferences, changing business models, and shifting legal and […]
Statutory Interpretation Techniques: Strict and Liberal Construction Case Law Insights
The interpretation of statutes is a fundamental process in the administration of justice and governance. It is the means by which courts determine the meaning […]
E-Appeals Scheme: Simplifying Tax Appeals with JCIT (Appeals)
The income tax appellate structure in India has traditionally been centered around the Commissioner of Income Tax (Appeals) as the first authority for resolving disputes […]
Understanding TDS on Salary and the Basics of Form 24Q
Tax Deduction at Source, often referred to as TDS, is one of the primary mechanisms used by the Indian government to collect income tax from […]
Clauses 41 to 44 of Form 3CD Explained: Complete Tax Audit Compliance Guide
Form 3CD is a prescribed statement under the Income Tax Act, 1961, that tax auditors must furnish while conducting an audit under section 44AB. Among […]
CBDT Announces Cost Inflation Index of 376 for FY 2025-26: Impact on Capital Gains
The Cost Inflation Index is an important financial measure that plays a significant role in determining the tax implications of selling long-term capital assets in […]
Legal Provisions of Section 80GGC for Contributions to Electoral Trusts and Parties
In recent years, political funding in India has drawn increased attention from regulatory authorities and the public. The movement toward transparent electoral financing has been […]
Understanding Ind AS 32: Classification and Presentation of Financial Instruments
Ind AS 32 establishes the principles for presenting financial instruments in the financial statements of entities. It forms an essential part of the broader framework […]
Mastering Form 10B Audit Reporting: Key Clauses, Observations, and Legal Compliance Insights
Form 10B audit reporting plays a central role in the compliance framework for charitable and religious institutions registered under section 12A(b) of the Income-tax Act, […]
Section 148A Reassessment of Escaped Income – Step-by-Step Process Explained
The concept of escaped income plays a significant role in the reassessment procedures under income tax law. Escaped income refers to earnings that have not […]
Top Income Tax Benefits for Start-Ups in India and How to Claim Them
Start-up India is an ambitious flagship program launched by the Government of India to strengthen the country’s ecosystem for innovation-driven businesses. The initiative was introduced […]
Understanding Capital Gains: Key Changes Under the Finance Act 2023
The Finance Act 2023 has introduced significant amendments to the provisions governing capital gains under the Income-tax Act, 1961. These changes impact a diverse range […]
Application of Income in Charitable Trusts: Key Requirements Under Section 11
The application of income in the context of charitable and religious trusts plays a central role in determining whether such institutions qualify for exemption under […]
Mastering Working Capital: Proven Procedures for Estimation and Calculation
Effective financial management is crucial for any organization, and one of the key areas within it is working capital management. This process involves overseeing a […]
Navigating Tax Exemptions on Life Insurance Proceeds Under Section 10(10D)
Life insurance plays a vital role in personal financial planning, providing financial protection to individuals and their families in the event of the policyholder’s demise. […]