The banking sector in India is the backbone of the country’s financial ecosystem, and maintaining its integrity is paramount for ensuring both national and international […]
SC Ruling: No TDS Under Section 194H for Franchisee Earnings from Prepaid Coupons and Starter Kits
Section 194H of the Income Tax Act, 1961, is an essential provision in India’s tax regime that mandates the deduction of tax at source (TDS) […]
RBI Extends Payment Infrastructure Development Fund (PIDF) Scheme Until December 2025: What This Means for the Industry
The Reserve Bank of India (RBI) plays an essential role in the country’s financial ecosystem, aiming to create a robust and inclusive digital economy. As […]
Decoding ‘Inter Alia’: Understanding Its Role in Penalty Provisions under Section 129 of the CGST Act
The Goods and Services Tax (GST) system in India, which was rolled out with great fanfare in 2017, has fundamentally restructured the way indirect taxes […]
Navigating Schedule FA: A Complete Guide to Foreign Asset and Income Disclosure in ITR
The process of filing income tax returns (ITR) in India is often a daunting task, particularly for individuals with financial interests that extend beyond the […]
Decoding Rule 37A: A Comprehensive Analysis of GSTN’s Latest Advisory
The Goods and Services Tax (GST) regime, implemented in India, marks a revolutionary shift in the way taxes are managed in the country. One of […]
ITAT Ruling: Understanding Taxation of Compensation from Builders for Delay in Flat Delivery
In the ever-evolving landscape of Indian taxation, one of the most significant and often debated issues is the treatment of compensation receipts. The complexities around […]
Mastering Fair Value Disclosures: A Comprehensive Checklist under Ind AS 113
Ind AS 113, “Fair Value Measurement,” is a cornerstone of the Indian Accounting Standards (Ind AS) framework, bringing a pivotal shift in how financial transactions […]
Understanding the GST Implications of Late Subscription Payments: AAAR’s Ruling
The Goods and Services Tax (GST) regime in India has brought about a comprehensive and structured approach to the taxation of goods and services. One […]
Understanding the Different Types of Capital Costs: A Comprehensive Guide
The cost of capital stands as one of the most critical concepts in the realm of financial management, serving as the foundational benchmark upon which […]