TDS Deducted at 5% Post October 1, 2024: How Tenants Can Claim Refund for Excess Rent TDS and What Landlords Should Do? Background: TDS on Rent under Section 194IB Section… Read More
F&Q related to Peer Review Audit of Practice Unit (PU) Q.: Does empanelment guarantee peer review work? Ans. No. Assignments are based on matching experience with PU’s nature of work.… Read More
Peer Review Checklist related to Preliminary Review Procedures Sl. No. Item Key Checks / Clarifications 1 Pre-audit meeting minutes Available & documented 2 Appointment letter with terms, resolution, and… Read More
IBBI Regulation 40B Filing of Forms Reporting Requirements: Structured Timelines & Penalties Introduced The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025, which come… Read More
Guide for choosing the correct ITR form for AY 2026 Guide for choosing the correct ITR form for AY 2026 (i.e., for income earned during FY 2024–25). Here's a breakdown… Read More
Whether 15CA/CB compliance required in case Payment to foreign bank branch of an Indian banka case study Common scenario involving payment of interest on the buyer's credit to the foreign… Read More
Credit Note Deduction under GST – New Compliance Alert! As per CBIC Circular No. 212/6/2024 dated 26-06-2024, issuance of a Credit Note alone is no longer sufficient for claiming tax… Read More
Whether Form 15CA/CB required when Transfer of Shares & No capital gains Exemption from Filing of Form 15CA/CB 31 categories of foreign remittances that are exempt from the requirement of… Read More
Key Highlights of the Proposal 5% remittance tax under President Donald Trump’s The proposed 5% remittance tax under President Donald Trump’s “The One, Big, Beautiful Bill” is a significant development… Read More
Don’t rush to file your ITR Don’t rush to file your ITR" highlights the risks of filing your Income Tax Return (ITR) too early, especially before Form 26AS and AIS… Read More