In the complicated universe of financial planning, there is no tool more critical and yet more misunderstood than term insurance. Although in many circles considered a mere insurance product, term insurance is really a highly effective financial tool offering security, peace of mind, and strategic benefits when it’s used intelligently.
Rule 88B (1) of the GGST Rules, 2017 aims to rationalize interest liability and avoid undue burden on taxpayers who deposit cash on time but delay filing the return. Here’s a detailed look at what Rule 88B(1) states and its practical implications.
Understand GST’s Time of Supply for normal and continuous services. Learn invoicing rules under Section 31(5) and how delayed invoices impact tax liability.
ITAT Pune reduced ad-hoc disallowances on salary, advertisement, vehicle, and travel expenses to 10% for Prafulla Shantilal Kothari, citing audited books and no specific defects.
CA results are out. Discover insights for successful candidates and those facing setbacks, emphasizing the CA journey’s true value beyond exam outcomes.
Learn how to register a Section 8 Company in India, including steps for name approval, license application, and required documents for non-profit objectives.
The chartered accountancy profession stands at a crossroads. Between 2021-2025, over 12 chartered accountants have been arrested for GST bogus billing schemes involving amounts exceeding ₹3 lakh crore collectively. This crisis demands immediate and decisive action from the Institute of Chartered Accountants of India (ICAI) to restore public trust and professional integrity.
Understand the essential prerequisites and step-by-step procedure for converting a private company into a Limited Liability Partnership (LLP) in India.
ITAT Delhi held that intimation under section 143(1) of the Income Tax Act being passed without waiting for the response of the assessee and without providing thirty day time for filing response is not sustainable in law. Accordingly, appeal allowed.
Calcutta High Court overturns Section 148A(d) income tax order for AY 2018-19, citing natural justice violation due to lack of personal hearing. Case remanded for re-evaluation.
