The Liberalized Remittance Scheme (LRS), introduced by the Reserve Bank of India (RBI) on February 4, 2004, has become one of the most instrumental financial […]
DTAA Demystified: How Double Taxation Avoidance Agreements Benefit Global Businesses
The intricate realm of international taxation is fraught with challenges, particularly when it comes to the issue of double taxation. Double taxation arises when the […]
Supreme Court Ruling on GST and Mining Lease Royalties: Key Takeaways
The landscape of indirect taxation in India underwent a seismic transformation on July 1, 2017, with the introduction of the Goods and Services Tax (GST). […]
Section 38 of the CGST Act, 2017: A Game Changer in GST Returns and Reconciliation
The evolution of the Goods and Services Tax (GST) framework has undoubtedly marked a paradigm shift in India’s taxation landscape, with the core intention of […]
High Court Grants Relief: Condonation of Delay in GST Appeals for Bona Fide Litigants
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 […]