An overview of mandatory annual corporate filings in India, including forms for directors, financial statements, and returns for deposits, MSME payments, and foreign assets.
The Indian government has proposed GST reforms, including reducing tax slabs to 5% and 18%. This aims to simplify the structure and lower costs for daily-use items.
Understand ITR-U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected return.
Understand capital gains tax on assets like property and stocks. Learn the difference between short-term and long-term gains, how to calculate them, and available tax exemptions.
What is PGBP? Learn how “Profits and Gains from Business or Profession” is taxed in India, including key sections, eligible deductions, and presumptive tax schemes.
Learn the difference in investment accounting between AS 13 and Ind AS 109. Understand how these standards classify, measure, and account for impairment of financial assets.
Summary of the significant capital gains tax changes from the Finance Act 2024, effective July 23rd, including new holding periods, tax rates, and exemptions.
Learn how foreign currency fluctuations impact fixed asset accounting under Indian standards. Compare AS 11 vs. Ind AS 21, and understand key concepts like capitalization and hedge accounting.
ITR-3 is the tax form for individuals and HUFs with business or professional income. Learn who must file, the types of income covered, and important deadlines.
The Supreme Court ruled that a show cause notice, not a summons, initiates GST proceedings, clarifying Section 6(2)(b) and preventing dual tax authority actions.
