An overview of Sections 68-69D of India’s Income-tax Act, which empower tax authorities to assess unaccounted income from unexplained credits, investments, and expenses.
Explores how India’s tax code uses concessions, exemptions, and deductions to achieve public policy goals, aligning with constitutional directives and social welfare.
An analysis of constitutional challenges to India’s Income Tax Act. It covers legal principles, specific challenged provisions, and key judicial rulings.
An overview of presumptive taxation’s history, global use, benefits, and limitations. Examines its role in simplifying taxes for small businesses and constitutional challenges.
This professional analysis covers accounting, tax, and reporting issues for virtual assets in India, including classification, revenue recognition, tax implications under Section 115BBH, and compliance practices.
An analysis of accounting for derivatives in Indian treasury operations, covering Ind AS/IFRS, fair value measurement, hedge accounting, and practical journal entries.
A guide to accounting for e-commerce companies in India, covering revenue recognition, GST compliance, TCS, income tax issues, and audit considerations.
A summary of India’s Double Taxation Avoidance Agreements (DTAAs), covering the legal framework, methods of relief, and rules for international tax compliance.
An overview of tax implications when a business is discontinued in India. It covers statutory provisions, compliance requirements, and tax on asset transfers for firms, companies, and trusts.
An overview of Section 144 of the Indian Income Tax Act, which allows an Assessing Officer to make a best judgment assessment in cases of non-compliance.
