For Non-Resident Indians (NRIs), navigating income tax laws can be complex. Unlike resident Indians, NRIs are taxed only on income that accrues or arises in […]
TDS on Payment for Purchase of Goods: Rules, Responsibilities, and Practical Guide
Tax Deducted at Source, or TDS, is an essential mechanism in India for collecting taxes at the point of payment. It ensures that taxes are […]
GST Compliance Checklist for Year-End FY 2023-24
As the financial year 2023-24 comes to a close, businesses need to ensure their Goods and Services Tax (GST) obligations are fully met. Proper year-end […]
RBI’s New Project Finance Norms: Transforming Lending Practices for Banks and NBFCs
The Reserve Bank of India (RBI) has recently introduced revised norms for project financing, targeting both banks and non-banking financial companies (NBFCs). These changes reflect […]
Budget 2018-19: Comprehensive Guide to Tax Rates, Planning, and Compliance for AY 2019-20
The Union Budget for 2018-19 introduced several key updates to the tax structure affecting individuals, senior citizens, and businesses alike. These revisions were aimed at […]
Comprehensive Guide to Disclosure Requirements under Ind AS 103: Business Combinations Explained
Business combinations are a common occurrence in today’s corporate world, driven by strategic growth, market expansion, or acquiring technological capabilities. Ind AS 103, issued by […]
Bitcoin ETFs in India: Unlocking Opportunities, Strategies, and Tax Insights for Investors
The Indian financial landscape is witnessing a transformative phase with the emergence of Bitcoin Exchange-Traded Funds (ETFs). As cryptocurrencies gain global traction, investors in India […]
Donee-Based Gift Tax: Comprehensive Guide to Taxation Under Section 56(2)(x)
The concept of gifting, while often associated with goodwill and personal relationships, has significant implications under tax laws. To prevent tax evasion through the transfer […]
GST Issues in Corporate and Personal Guarantees: A Complete Guide to Compliance, Valuation, and Risk Management
Corporate and personal guarantees play a significant role in both financial and commercial transactions. They serve as a commitment from one party, known as the […]
GST on Intermediary Services: Business Impact, Compliance Strategies, and the Road Ahead
The Goods and Services Tax framework in India was introduced to create a unified tax system across the country, eliminating the complexities of multiple indirect […]