The Indian taxation system has undergone numerous changes in recent years to streamline the compliance process and adapt to modern financial practices. One of the […]
Navigating the Complexities of Taxation for International Shipping and Airline Companies
The global shipping and airline industries serve as the backbone of international trade and travel, ensuring the seamless movement of goods and passengers across continents. […]
Impact of FA 2023 Amendment: Will the 15% Disallowed Portion of Inter-charity Donations be Taxed
The domain of charitable trusts and their contribution to society has always been a critical aspect of Indian taxation laws. Charitable and religious trusts, playing […]
Decoding the Concept of Input Service Distributor (ISD) Under GST
The Goods and Services Tax (GST) regime has introduced various tax mechanisms designed to simplify the taxation process and ensure efficient credit utilization across multiple […]
DTAA Demystified: What Every Global Investor Needs to Know
Double taxation emerges as one of the most labyrinthine challenges in international finance, representing a phenomenon where identical income, capital gains, or other taxable subjects […]
25 Pivotal Income-Tax Cases That Redefined the Rules in 2021
The year 2021 emerged as a defining epoch in Indian income-tax jurisprudence, witnessing a torrent of transformative judicial pronouncements that reverberated across the legal, fiscal, […]
Final Accounts Explained: Principles, Practices, and Insights
Final accounts represent the grand culmination of an entity’s financial chronicle for a defined accounting period. Far from being a mere mechanical collation of figures, […]
How to Handle Goods-in-Transit at Year-End: A Deep Dive into Ind AS Compliance
In the intricate tapestry of financial reporting, few threads are as subtly influential yet profoundly impactful as the proper treatment of goods-in-transit at the close […]
Exploring the Case for Exempting Foreign Assignment Allowance from Taxation
In a globalized economy, the world of taxation is an intricate labyrinth that becomes even more perplexing when applied to foreign assignments. The taxation of […]
Understanding the Revised Time Limits for Income-Tax Act Compliances
The COVID-19 pandemic, which triggered unprecedented global disruptions, reverberated through every aspect of life. In India, where the fiscal year is integral to the smooth […]