Compare Accounting Standard 17 (AS 17) and Ind AS 108 (Operating Segments). Learn about their differences in reporting methodology, disclosure requirements, and global alignment.
Karnataka HC rules no GST on unregistered landlord if developer already paid tax under JDA. Avoids double taxation and confirms no interest under Section 50.
Delhi High Court rules CAM charges are contractual payments under Section 194C, not rent under Section 194I, clarifying TDS obligations for businesses.
The new tax regime simplifies taxes with lower rates but fewer deductions. Learn which key deductions, like standard deduction and gratuity, are still available in both the new and old tax regimes.
Learn how to handle TDS on a minor’s income. This guide explains income clubbing, how to claim TDS credit, and the steps to correct TDS deductions made on a minor’s PAN.
A summary of India’s Development Financial Institutions (DFIs), outlining their evolution, key objectives, and role in providing long-term finance for strategic sectors like infrastructure, agriculture, and MSMEs.
A summary of GST court rulings, confirming that tax demands cannot legally exceed the amount specified in the original show cause notice, upholding procedural fairness.
The GSTAT has ruled against cosmetics distributor Raj & Co. for not passing on GST rate reductions to consumers, imposing a fine and interest. This case reinforces the legal precedent for anti-profiteering accountability in the supply chain.
The Delhi High Court has clarified that a mere intention to appeal is not sufficient to withhold GST refunds under Section 54(11). An actual pending appeal and a stay order are required.
A summary of India’s Overseas Direct Investment (ODI) framework, covering key definitions, eligible entities, and the distinction between automatic and approval routes under FEMA.
