Reverse CIRP, a judicial innovation, allows developers to fund project completion to protect homebuyers in insolvency, shifting focus from liquidation to home delivery.
Form MSME-1 V3 mandates companies to report half-yearly payments and outstanding dues to Micro and Small Enterprises (MSEs). Filing is triggered by any payment delay over 45 days.
NBFC-MFI Directors’ Report 2025 reviews financials, noting capital adequacy exceeding the 15% mandate and the required Statutory Reserve transfer. The report highlights heightened microfinance industry stress, compliance with RBI guidelines, and the transition to 100% demat shareholding.
A rights issue in a private limited company requires amending the authorized capital if necessary, holding Board and EGM meetings, and circulating a Letter of Offer for 15-30 days.
Exchange rates constantly determine the actual cost of international travel and online purchases. Learn how currency fluctuations, bank fees, and payment methods impact your final spending.
A summary of the tax framework governing charitable entities in India, covering the definition of ‘charitable purpose,’ mandatory registration under Section 12AB, audit requirements, taxation of accumulated and anonymous donations, and consequences including the cancellation of registration and levy of accreted income tax.
Courts and firms are harmed by AI-generated fake laws and citations. The Bombay HC, ITAT, and Deloitte incidents prove human verification is essential to maintain integrity.
The CBDT’s Income Tax Informants Reward Scheme 2018 offers rewards up to ₹5 crore for specific, written information leading to the detection of substantial tax evasion, including undisclosed foreign assets. It specifies eligibility, confidential procedures, and tiered rewards based on the realized tax amount.
Understand Sections 234A, 234B, 234C, and 234D of the Income Tax Act covering interest on late filing, short payment, delayed advance tax, and excess refunds, including rates, calculation, and applicable periods.
Section 143(1) intimation is the automated processing of Income Tax Returns (ITR) by the CPC to correct arithmetical errors and apparent inconsistencies. Learn the types of mandatory adjustments, the 9-month time limit for issuance, and the 30-day window for electronic response.
