Non-current financial assets are investments or financial instruments that an entity intends to hold for a period longer than twelve months. They are not part […]
How MCA’s LLP Filing Relaxation Transforms Compliance and Business Growth
The Ministry of Corporate Affairs (MCA) plays a vital role in regulating corporate entities and ensuring that businesses operate within the framework of established laws. […]
Understanding Form 26AS in the New Income-tax Portal
Form 26AS is one of the most crucial documents for any taxpayer in India. Often referred to as the annual tax statement, it serves as […]
Section 115QA Buy-Back Tax Amendment – Comprehensive Guide for Shareholders and Companies
A share buy-back is a corporate action where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares […]
CSR Reporting Responsibilities: Ensuring Transparency, Accountability, and Measurable Impact
Corporate Social Responsibility provisions form a legal and ethical framework that guides companies in making meaningful contributions to society. These provisions ensure that corporate entities […]
Introduction to the Income-tax Act, 1961
The Income-tax Act, 1961 forms the legislative basis for the levy and collection of income tax in India. It contains a detailed set of provisions […]
Comprehensive Guide to Tax Deduction at Source Under Section 194J
The Indian taxation framework includes several mechanisms to ensure timely collection of taxes. One of these mechanisms is Tax Deducted at Source (TDS), which is […]
Clause 30C Explained: Auditor Obligations under GAAR in the Tax Audit Report
Clause 30A of Form 3CD under the Income Tax Act, 1961 is a critical reporting requirement that deals with primary transfer pricing adjustments. It focuses […]
Understanding GST on Residential Rentals When Reverse Charge Applies
The Goods and Services Tax (GST) has significantly redefined taxation across India, impacting sectors from manufacturing to services, including the leasing of residential properties. One […]
Understanding the Importance of Depositing Declared Dividends in a Separate Bank Account
A dividend represents a share of the company’s profits distributed to its shareholders. It is a reward for their investment and confidence in the company. […]