The year 2021 was significant for income-tax jurisprudence in India. Courts and tribunals delivered several landmark judgments that clarified the interpretation of various provisions of […]
Income Tax Reassessment, Appeals, and Dispute Resolution with Case Laws
Income tax assessment is the process through which tax authorities determine the correct amount of tax a person or entity is liable to pay for […]
PACL Investor Recovery – A Milestone in Financial Justice
PACL, or Pearls Agrotech Corporation Limited, was once considered one of the largest entities collecting deposits from retail investors in India. The company promised high […]
Mastering Liquidation Basis Financial Statements: Compliance and Practical Tips
Financial statements are a fundamental tool for understanding a company’s financial position and performance. Typically, these statements are prepared under the assumption that the business […]
Unlocking the True Value of Your Business: Insights on Monetary and Non-Monetary Items
Accurate financial reporting is the foundation of any successful business. Investors, creditors, management, and regulators rely on financial statements to make informed decisions. A critical […]
Direct Tax Vivad Se Vishwas Scheme 2024 – How to Compute Disputed Tax?
The Direct Tax Vivad Se Vishwas Scheme 2024 is an important step taken by the government to reduce tax litigation and provide taxpayers with a […]
Introduction to Income-Tax Surveys in India
Income-tax surveys play a crucial role in the Indian taxation system. They are conducted to ensure compliance, verify declared income, and identify potential tax evasion. […]
The Ultimate Guide to TDS and TCS: Law, Process, and Practical Solutions
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) form the backbone of India’s tax collection system. These mechanisms are designed to ensure […]
Introduction to Goods and Services Tax (GST)
Goods and Services Tax (GST) is a landmark reform in the taxation system designed to unify multiple indirect taxes into a single, comprehensive tax framework. […]
TDS Under Section 194C: A Complete Guide to Tax Deduction on Contractor Payments
Tax Deducted at Source (TDS) is a crucial mechanism in the Indian taxation system that ensures tax collection at the point of payment. One of […]