The article examines how recent FEMA reforms have simplified downstream investments while highlighting unresolved issues involving FOCCs, pricing rules, and regulatory interpretation.
ITAT held that agricultural land within the prescribed municipal distance is a capital asset and restricted the on-money addition to the amount supported by evidence.
Explore income-tax rates applicable over the last ten assessment years for individuals, companies, firms, LLPs, HUFs, and co-operative societies. The guide also tracks changes in surcharge, cess, and concessional tax regimes.
The article explains that the OSH Code extends beyond workplace safety to regulate health, welfare, working conditions, contract labour, and employee rights and responsibilities.
The article highlights emerging sectors where Chartered Accountants can build specialised careers beyond traditional audit and taxation, offering significant growth and less competition.
Learn how business and professional income is computed under the Income-tax Act after the Finance Act, 2026. This guide explains taxable receipts, deductions, audits, presumptive taxation, and compliance requirements.
The Madras High Court emphasized that Section 74 requires clear evidence of fraud, wilful misstatement, or suppression and cannot be invoked merely because of turnover mismatches or procedural discrepancies.
GSTN has made Ship-To GSTIN reporting mandatory for Bill-To/Ship-To transactions and introduced a voluntary e-Way Bill closure facility to improve compliance and reconciliation.
The article explains that Section 155 requires taxpayers to prove their own ITC eligibility, not guarantee their suppliers’ tax compliance or future conduct.
Understand the statutory time limits for issuing income-tax notices and completing assessments under the Income-tax Act. The guide explains deadlines for summary, scrutiny, best judgment, and reassessment proceedings.
