Learn the correct accounting treatment, income tax implications, and GST rules when selling or scrapping Plant, Property, and Equipment, with practical illustrations for businesses.
Understand how Section 61 and ASMT-10 notices provide a procedural safeguard for taxpayers to rectify discrepancies before GST adjudication under Sections 73 and 74.
Learn the FEMA rules governing gifts of money, shares, and property to non-residents, including documentation, valuation, and repatriation considerations.
Explains when director cash infusions qualify as current account transactions and why genuine business support may fall outside Section 269SS penalties.
Discover the mandatory provisions of India’s new Labour Codes effective 21 Nov 2025, including wages, working hours, overtime, and social security requirements.
Explains the rationale behind consolidating decades-old labour laws into four modern codes and highlights how simplification aims to improve compliance and worker protection.
Explore how precise valuations influence CIRP outcomes, attract serious bidders, and prevent litigation in insolvency proceedings.
The MCA has increased capital and turnover thresholds for small companies, enabling more businesses to enjoy reduced compliance and simplified reporting.
Section 87A rebate allows resident individuals with income under specified limits to reduce their tax liability to zero, clarifying the “no tax” claim.
Ethical conduct is the core of professional credibility in accountancy, directly influencing career prospects, client trust, and regulatory acceptance worldwide.
