The Ministry of Corporate Affairs (MCA) plays a pivotal role in ensuring corporate governance and investor protection in India. One such regulatory measure is the […]
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Understanding Reassessment Notices under the Income Tax Act
Reassessment notices are a significant aspect of tax administration, allowing the tax authorities to reopen and review previously assessed income tax returns. This power is […]
Income Tax Compliance Calendar for FY 2024-25: Track | File | Comply
Every financial year, taxpayers face a variety of deadlines and responsibilities when it comes to income tax. Whether you are an individual earning salary income, […]
Understanding Interest on Tax Refunds: The Basics and Legal Framework
When taxpayers file their annual returns, the ideal outcome is straightforward: calculate tax owed, pay any balance, or receive a refund if an overpayment has […]
Understanding the Concept of Cost of Capital
When businesses seek funding to expand operations, invest in new projects, or manage day-to-day activities, they need to understand how much it will cost to […]
Introduction to Section 194R of the Income-tax Act
The Indian tax system constantly evolves to keep pace with changing business dynamics and to ensure comprehensive tax compliance. One such recent change is the […]
Understanding the Recent Amendments to Companies (Miscellaneous) Rules, 2014
The regulatory landscape governing companies in India is continuously evolving to enhance transparency, streamline compliance, and support effective corporate governance. One of the key areas […]
The Transformation of Form 26AS: Understanding the New Annual Information Statement
For years, taxpayers in India have relied on Form 26AS as the single go-to document for checking tax deducted at source (TDS) and tax collected […]
Understanding Severance Payment and Its Tax Implications
Severance payment is the financial compensation given to an employee when their employment is terminated, typically due to reasons like redundancy, retrenchment, or other job […]
Distinguishing Tax from Fee: Constitutional and Legal Foundations
Understanding the legal framework around government levies requires a clear distinction between what constitutes a tax and what constitutes a fee. Although both involve financial […]