The realm of indirect taxation in India underwent a profound metamorphosis with the inception of the Goods and Services Tax framework. This reform promised to […]
Demystifying Section 269SS: What Every Tax Auditor Must Know About Clause 31 of Form 3CD
Section 269SS of the Income Tax Act emerges as a sentinel in the crusade against untraceable cash transactions that can facilitate tax evasion. This provision […]
Unlocking the Benefits of RoDTEP: A Complete Guide to Export Duty Remission
In an era defined by increasingly complex and competitive global trade dynamics, India’s approach to export incentives has undergone a fundamental shift with the introduction […]
Mastering GSTR-2: A Comprehensive Guide to Reporting Inward Supplies
The introduction of the Goods and Services Tax (GST) system in India marked a significant shift in the way businesses handle taxation and file their […]
Essential Steps to Fulfill Disclosure Requirements under AS 21: A Comprehensive Checklist
In the intricate domain of corporate finance, the importance of presenting consolidated financial statements cannot be emphasized enough. For conglomerates, holding companies, or any business […]
Navigating Revenue Recognition in Real Estate Under IFRIC 15 and IFRS 15
The world of real estate development is fraught with intricacies, particularly in the area of revenue recognition. Real estate developers face a multitude of challenges […]
MCA’s Second Amendment to Ind AS 116: What You Need to Know About the Latest Changes
The Ministry of Corporate Affairs (MCA) in India has recently introduced a transformative update to the country’s corporate accounting standards through the Companies (Indian Accounting […]
Decoding Transfer Pricing: Understanding Its Significance in Global Business
Transfer pricing is a pivotal concept in the world of international business and taxation. It refers to the prices at which goods, services, or intangible […]
Understanding the Acquisition and Transfer of Immovable Property under FEMA: Key Guidelines and Insights
The process of acquiring and transferring immovable property in India, particularly for non-resident Indians (NRIs) and overseas citizens of India (OCIs), is governed by a […]
CESTAT Ruling: Unlocking Refunds on Transitional Credit After Revised Service Tax Return
The introduction of the Goods and Services Tax (GST) marked a transformative shift in India’s tax landscape. With the intent to simplify the intricate web […]