Debt funding is a vital financial tool for businesses seeking capital without giving up ownership. It allows companies to raise money through borrowing while maintaining […]
Understanding GST and Its Importance in India
Goods and Services Tax (GST) is a comprehensive, destination-based tax introduced to simplify the indirect taxation system in India. Before GST, businesses had to comply […]
Section 50 Explained: Capital Gains on Business Assets
Depreciable assets are assets that are used in the course of business or profession and on which depreciation is allowed under the Income Tax Act. […]
Introduction to Input Tax Credit
Input Tax Credit (ITC) is a mechanism that allows businesses to claim credit for the tax paid on inputs used to produce goods or services. […]
Overview of the 45th GST Council Meeting
The Goods and Services Tax (GST) Council serves as the apex decision-making body for all matters related to GST in India. Since the introduction of […]
Overview of the Taxation Laws (Amendment) Bill, 2021
The Taxation Laws (Amendment) Bill, 2021, was introduced with the primary goal of streamlining India’s tax system while providing flexibility and relief to taxpayers. Over […]
Introduction to Cash and Bank Balance Audits
Auditing cash and bank balances is a critical process in ensuring the accuracy and reliability of a company’s financial statements. Cash is the most liquid […]
Understanding Income Tax for Non-Resident Indians
Income tax for non-resident Indians (NRIs) is a specialized area of taxation that often creates confusion due to its nuanced rules. Unlike residents, NRIs are […]
Understanding Audit Requirements for Limited Liability Partnerships
Limited Liability Partnerships (LLPs) offer a unique business structure that combines the flexibility of traditional partnerships with the limited liability protection of companies. This hybrid […]
Overview of GST Revisions in the Construction Sector
The Central Board of Indirect Taxes and Customs (CBIC) has introduced revised GST rates for several building materials, including fly ash bricks, traditional clay bricks, […]