IBBI issued a discussion paper for Reducing Compliance by Review of CIRP Forms The Insolvency and Bankruptcy Board of India (IBBI), following the guidance from the Financial Stability and Development… Read More
Eligibility U/S 197 for a certificate for Nil or lower TDS deduction Income Covered & Eligibility Condition of Apply U/s 197 Applicants must demonstrate that their projected tax liability for… Read More
Interpretation of "May be Taxed" in DTAAs In the context of Double Taxation Avoidance Agreements (DTAAs), the terminology used to describe taxing rights can significantly impact the taxation process. The… Read More
GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authorities GSTN rollout for tobacco manufacturers to report inputs and outputs to tax authorities marks a significant… Read More
12A CIRP withdrawal application cannot be kept pending for constitution of CoC Indeed, the Insolvency and Bankruptcy Code (IBC) was introduced with the aim of creating a robust mechanism for… Read More
Statutory Compliance Calendar 2023-24 Statutory Compliance Due date for the May 2024 Income Tax and GST Due Date Calendar of June 2024 Read More
Is the Executive Director provide Professional Consultancy Services to Company? An Executive Director can indeed provide consultancy or professional services to the company, While an Executive Director can provide consultancy… Read More
Big News for Chartered Accountants - 60-Tax Audit Capping- Confirmed by Supreme Court Supreme Court in the matter of Case: B. V. Nagarathna & Augustine George Masih, JJ. The Supreme… Read More
How to Claim a Full Income Tax Refund An income tax refund occurs when the tax paid by a taxpayer exceeds their actual tax liability for a financial year. This… Read More
Goods and Services Tax (GST) Implications on Bad Debts The question of how GST handles bad debts arises frequently. Specifically, it concerns whether GST paid on supplies that result in… Read More