In general, benchmarking refers to comparing business processes and performance metrics with industry best practices, which is also the case when it comes to transfer pricing.
Clause 40 of the tax audit report requires the disclosure of important financial information regarding turnover, gross profit, net profit, stock-in-trade, and material consumption/finished goods production for the previous year and the preceding previous year.
Article delve into the details of Section 80EE, its eligibility criteria, and how to claim the deduction while optimizing your income tax return.
Understand the legal requirements and procedure for changing the capital contribution of your LLP. Follow the steps, obtain partner consent, and file the supplementary LLP agreement seamlessly. Expert assistance available.
Get a comprehensive guide on auditing and disclosure requirements for trade receivables in AS and Ind AS compliant entities under the Companies Act, 2013. Ensure accurate financial reporting with step-by-step procedures and comply with the latest amendments. Contact us for expert assistance.
Explore Schedule III of the CGST Act, 2017, focusing on the exemptions related to services provided by courts or tribunals. Understand legal service exemptions and implications for businesses. Stay informed to ensure GST compliance. Contact us for expert insights and assistance.
Explore the stringent provisions in the Income Tax Act, 1961, aimed at curbing cash transactions in India. Learn about limits, penalties, and the governments push towards a cashless economy. Stay informed to avoid penalties and ensure compliance. Contact us for detailed insights and assistance.
Explore exclusions from the supply of goods or services under GST, specifically focusing on services by an employee to an employer in the course of or in relation to employment. Understand Schedule III of the CGST Act, 2017, and its impact on taxation in India. For detailed insights and assistance, contact us.
This article aims to shed light on the significance of data privacy and data protection in the present time, examining the challenges we face, the potential risks, and the measures we must take to safeguard our digital future.
Deciphering the amendments to Section 56(2)(viib) & Rule 11UA(2) of the Income Tax Act post-Finance Bill 2023, impacting FDI and startup ecosystems. Explore the key provisions and valuation methodologies for unquoted equity shares received from residents and non-residents. Stay informed about the impact on closely held companies and exemptions for startups.
