The landscape of corporate mergers and acquisitions in India has undergone a transformative shift, particularly with the introduction of the Companies Act, 2013. Historically, the […]
Understanding the AAR Decision: No GST on Consultancy Services to State Govt. for Transport Studies
Goods and Services Tax (GST) has radically transformed the taxation landscape in India, offering both challenges and opportunities to businesses, consultants, and government entities alike. […]
Demystifying Section 194R: TDS on Employee Benefits and Perks
The Indian tax system has undergone several transformations over the years, with the introduction of new sections and provisions to keep pace with evolving economic […]
Supreme Court Rules Against Section 271C Penalty for Delayed or Missed TDS Payments
In the intricate and labyrinthine world of taxation in India, adherence to tax deduction at source (TDS) provisions forms a fundamental pillar for both corporate […]
LTC Cash Scheme Exemption: A Relief for Government Employees
The Leave Travel Concession (LTC) cash scheme, enshrined in Section 10(5) of the Income-tax Act, 1961, has revolutionized how employees can avail tax exemptions instead […]
MCA’s Exclusive Waiver: No Extra Fees for LLP Form Filing Under One-Time Relaxation
The Ministry of Corporate Affairs (MCA) in India has recently announced an important one-time relaxation that brings relief to Limited Liability Partnerships (LLPs) across the […]
Navigating the Nuances of Works Contract Taxation in GST
Works contracts are an integral part of the Indian economy, especially in sectors like construction, infrastructure, and real estate. These contracts facilitate the creation, modification, […]
Navigating Labour Laws in India: Key Constitutional Provisions and Regulatory Framework
India’s legal system, founded on a federal basis, has a unique structure that facilitates the governance of an expansive and diverse country. The constitutional framework […]
Navigating Component Accounting for Property, Plant, and Equipment Under Ind AS 16
Component accounting under Ind AS 16 is a crucial framework that allows businesses to accurately allocate the total cost of an asset to its constituent […]
Understanding the 5% GST on Imitation Zari Threads Made from Metallised Polyester Film
The introduction of the Goods and Services Tax (GST) has marked a significant overhaul in India’s taxation structure, affecting multiple sectors, including the textile industry. […]