Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples from construction, software, and telecom.
Explore constraints of CGST Rule 39(1A) in transferring input tax credits, impacting working capital and compliance for businesses under India’s GST regime.
This article explores the key amendments to stamp duty rates by Gujarat Stamp (Amendment) Act of 2025, providing a clear overview of how landscape has shifted before and after amendments.
GSTN’s new protocol will treat selected IRN input fields as case-insensitive. This includes GSTINs, invoice numbers, and document identifiers, effectively neutralizing rejections caused purely by letter casing mismatches.
As the new financial year begins, individual taxpayers must take note of several important amendments in the Income Tax Act that come into force from 1st April 2025. These changes are primarily aimed at reducing the tax burden for middle-class earners while also encouraging more individuals to adopt the simplified new tax regime.
Avoid common errors in LLP annual return filing like missed deadlines, incorrect forms, and DSC issues. Ensure compliance and avoid penalties with timely action.
Understand Form 29B and 29C under Sections 115JB & 115JC for MAT and AMT audits. Know applicability, filing, and compliance requirements for companies and firms.
ICAI’s Jan 2025 study reveals common Ind AS 115 non-compliance: issues in timing methods, reconciliation,
Understand tax benefits under Sections 80GGB & 80GGC for political donations, eligibility rules, compliance needs, and recent legal developments.
Explore tax strategies for NRIs returning from tax havens. Learn about residency status, offshore income, assets, and how to manage taxes upon re-entry to India.
