The framework for insolvency and creditor rights in India has undergone a significant transformation with the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC). […]
Income Tax Search and Seizure – Legal Validity, Process, and Landmark Case Laws
Search and seizure under income tax law is one of the most invasive measures that the tax authorities can undertake against a taxpayer. This process, […]
Digital Banking Revolution: Key Delivery Channels, Consumer Preferences, and Security Strategies
Digital banking refers to the provision of banking services through digital platforms such as websites, mobile applications, and automated terminals. Unlike traditional banking, where customers […]
Complete Reference to Intangible Assets – Features, Recognition, Valuation, and Best Practices
Intangible assets are non-physical assets that contribute significantly to the value of modern enterprises. As businesses shift focus from tangible assets like property and equipment […]
Supreme Court Decisions on Tax Reassessment Notices: What Taxpayers Must Know
Reassessment notices are a crucial tool in the enforcement of tax compliance. They allow tax authorities to reopen completed assessments when they suspect that income […]
Tax Audit under Clause 20 of Form 3CD: Reporting Employee Benefits and Related Payments
Clause 20 of Form 3CD is a crucial element in the tax audit process mandated by the Income Tax Act, 1961. This clause focuses on […]
Section 170A Compliance Guide: Amending GST Returns Post Business Restructuring
Section 170A of the Income-tax Act, 1961 was introduced by the Finance Act, 2022 and came into effect from 1 April 2022. Subsequently, it was […]
Mastering GST Litigation: Practical Solutions to Complex Tax Disputes
The implementation of the Goods and Services Tax (GST) in India has been a landmark reform, aimed at simplifying the indirect tax system by subsuming […]
What is Securitisation? Full Guide to Meaning, Benefits, and How It Works
Securitisation is a financial technique that transforms illiquid assets into liquid, tradable instruments. It involves pooling financial assets such as loans or receivables and selling […]
GSTR-9 vs GSTR-9C: Differences, Applicability, and Filing Requirements Explained
Under the Goods and Services Tax regime, taxpayers are required to file annual compliance returns summarising their yearly activities. Two of the key annual compliances […]
How to Respond to GST SCNs: Legal Strategies for Businesses and Taxpayers
In the domain of indirect taxation under the Goods and Services Tax regime, one of the most crucial stages in the adjudication process is the […]
How Section 14 of Limitation Act Impacts Income Tax Appeals and Filing Delays
The Law of Limitation, 1963 is a crucial procedural statute that determines the timeframe within which legal rights can be enforced. It does not confer […]
Disputed Tax Calculation Made Easy: Practical Case Studies for Taxpayers
Resolving tax disputes has been a longstanding challenge in the Indian direct tax system. The Vivad se Vishwas Scheme, introduced by the government in 2020, […]
AY 2022-23 ITR Filing Extended: CBDT Revises Audit and Return Deadlines
Under the Income Tax Act, 1961, certain categories of taxpayers are required to adhere to specific timelines for filing their income tax returns and audit […]
Inverted Duty Structure under GST: Complete Refund Process Explained
The inverted duty structure arises when the rate of tax on inputs is higher than the rate of tax on outward supplies. This situation creates […]