Learn the scope of professional practice of GST Practitioners under the CGST Act and Rules, including eligibility, enrolment, authorised functions, return filing, refunds, registration, and representation before GST authorities.
Foreign Contribution (Regulation) Amendment Rules, 2026 introduce key changes to FCRA compliance, including key functionaries, State-wise registration, expanded disclosures, Form FC-3BB, and stricter governance requirements effective from 22 June 2026.
The Companies (Auditor’s Report) Order, 2020 (CARO 2020) does not mandate asset tagging through QR codes, barcodes, or RFID technology. Instead, Clause 3(i)(b) requires the auditor to report on whether Property, Plant and Equipment (PPE) have been physically verified by the management at reasonable intervals, whether the frequency of verification is appropriate considering the nature […]
Working remotely in India for a foreign employer? Learn where your salary is taxed, how the India–US DTAA applies, advance tax obligations, Foreign Tax Credit, and key compliance requirements for cross-border remote workers.
Why is GST Input Tax Credit denied on cars, staff meals, and office renovation? Learn blocked credit provisions under Section 17(5) of CGST Act, key exceptions and how to avoid costly ITC mistakes.
Is GST payable on advances received for services before work begins? Learn the time of supply rules, GST treatment of service advances, receipt vouchers, refund vouchers, and why advances for goods are treated differently.
Confused about your NRI status? Learn how the 182-day rule under Section 6 determines residential status, when foreign salary is taxable in India, and why your departure date can significantly affect your tax liability.
Accurate product costing is essential for sustainable profitability, yet many businesses continue to price products and services without knowing their true cost. A qualified Cost and Management Accountant (CMA) helps organizations determine the actual cost of production or service delivery by analysing material, labour, overheads, capacity utilisation, inventory, quality costs, and other cost components. Professional […]
Why can a ₹10 lakh cash or gold gift be taxable, while a car or iPhone of the same value may not? Understand the scope of Section 56(2)(x), the specified property list, and the key tax implications for gifts received from non-relatives.
ITAT Pune restored Section 147 reassessment, holding Section 153C was inapplicable as seized material did not directly pertain or relate to the assessee.
