The Audit Committee ensures oversight of audits, controls, and compliance beyond financial reporting. Its effectiveness depends on independence, expertise, and quality decision-making.
Premiums are deductible as business expenses, but proceeds are fully taxable. Assignment may trigger salary taxation, making careful planning essential.
The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Section 50B, while asset-wise transfers follow normal tax provisions.
Budget 2026 simplifies GST rules on post-sale discounts by removing strict conditions. Businesses can now claim deductions more flexibly through credit notes.
The High Court allowed a taxpayer to seek revocation of GST registration despite a time-barred appeal. It directed authorities to accept a manual application, emphasizing fairness over procedural delay.
The new circular allows flexible DIN referencing instead of strict quoting. However, it does not validate cases with complete absence of DIN or jurisdictional defects.
The article examines growing preference for quick digital games. It highlights that instant access, short sessions, and mobile optimization drive user engagement.
