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, […]
Mastering Revenue Recognition: Comprehensive Insights into AS 9 and Ind AS 115
Revenue recognition is a fundamental principle in accounting that determines the timing and manner in which a business records its income. Accurate revenue recognition ensures […]
From Fundamentals to Advanced Strategies: Unlocking True Business and Investment Value
Valuation is the process of determining the present worth of an asset, business, or investment. It plays a crucial role in finance, enabling investors, business […]
ESOP Taxation and Compensation Clarity: Insights from the Flipkart ITAT Ruling
Employee Stock Option Plans, often called ESOPs, have become an increasingly common way for companies to attract and retain talent. They allow employees to purchase […]
When Mistakes Cost More: The Legal Duty to Repay Interest on Erroneous Refunds
Mistakes in financial transactions happen more often than many realize. These errors can occur in tax departments, corporate finance teams, or banking systems, sometimes resulting […]
Demystifying Form GSTR-2B — A Complete Guide to its Role in ITC Claims
The Goods and Services Tax (GST) framework was introduced with the promise of unifying the indirect tax system, reducing tax cascading, and improving transparency. One […]
Filing Nil GST Returns for Extended Periods: Legal Clarity, Practical Guidance, and Future Outlook on Cancellation Risks
The Goods and Services Tax (GST) is a landmark indirect tax reform in India that has unified multiple taxes into a single system. Under this […]