Comprehensive ROC Compliance Calendar for FY 2022-23 outlines mandatory filings under the Companies Act, 2013.
How to file Letter of Undertaking (LUT) under GST for exporting goods or services without paying IGST – process, eligibility & benefits
Section 17(5)(b) of the CGST Act and its implications on input tax credit (ITC). Know what’s covered and what’s not in this comprehensive guide.
An analysis of Hindustan Construction vs. Commissioner of Service Tax case, covering service tax on corporate guarantees and credit protection fees.
High Court held that Show cause proceeding cannot be scuttled by filing a writ petition, as it is not without jurisdiction. It is open for the petitioner to reply to the SCN for violation of Sec 269SS.
Dive into the corporate fraud case analysis of the Bank of Credit and Commerce International (BCCI). Explore how the absence of a Board of Directors, lax corporate governance, and inadequate risk management led to its downfall. Uncover the role of regulatory gaps, ineffective audit systems, and strategic mismanagement in this infamous financial collapse.
Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver on goods/services. The collected tax is a revenue for the government. The provision pertaining to TDS under GST is given under Section 51 of the CGST Act to be read with CGST Rule 66.
ITAT held that income for purpose of ascertaining ceiling on the basis of book profit, the profit shall be as appearing in the P & L a/c. The interest income, thus, cannot notionally be excluded while determining allowable of deduction of remuneration to partners u/s 40(b)(v) .
Explore the RBI’s proactive approach to curb customer complaints against banks. Learn about the guidelines restraining penal interest on loans, emphasizing fair practices. Discover how the RBI promotes credit discipline, protecting borrowers from debt traps. Ensure you comprehend the recent changes in lending practices to make informed financial decisions.
Uncover the game-changing impact of Income Tax Act sections 133(6) and 139(8A) in India’s revenue surge. Explore how digital data, artificial intelligence, and notices under Section 133(6) are transforming scrutiny assessments. Learn about Section 139(8A)’s role, offering an opportunity for rectification and updated returns, contributing to increased revenue and efficient governance.
