Key tax and regulatory updates for the week ending 23rd Feb 2025, including income tax extensions, GST authentication, customs reforms, RBI regulations, and court rulings.
In the rapidly evolving landscape of corporate governance and environmental stewardship, company secretaries in India are finding themselves at the forefront of a significant transformation.
The introduction of the Goods and Services Tax (GST) in India has revolutionized the country’s taxation system, aiming to simplify and unify the indirect tax structure. By subsuming multiple state and central taxes, GST has created a more transparent and efficient tax regime. However, this shift has also introduced complexities that require specialized knowledge and […]
The role of company secretaries in state-owned enterprises (SOEs) and public sector undertakings (PSUs) has undergone a significant transformation in recent decades, evolving from a primarily administrative function to a pivotal position at the intersection of governance, compliance, and strategic management.
Learn about Income Tax Act Section 147 assessment proceedings: reasons for reopening, notice issuance, objections, assessment process and appeal rights for taxpayers.
Summary: A liaison office (LO) functions solely as a communication bridge between a company’s head office and its stakeholders without engaging in commercial activities. Under the GST Act, registration is mandatory only when a taxable supply of goods or services is made from a location and the aggregate turnover exceeds the prescribed threshold. Section 23(1) […]
Understand the differences in residential status under the Income Tax Act and FEMA for Indians working abroad. Know tax implications and account status changes.
Learn which ITR form applies to your income type, residential status, and income limits. A guide to ITR 1, 2, 3, 4, 5, 6, and 7.
This blog will examine the causes of tax evasion in India, the effects it has on society, and possible remedies to guarantee a more equitable taxation system.
The case of Ashbury Railway Carriage & Iron Co. Ltd. v. Riche is a landmark decision in company law, particularly concerning the ultra vires doctrine.
