Explore India's Direct Tax Code (DTC): understand its key features, the challenges faced during implementation, and the criticisms it has drawn. Learn about tax reform.
Understand why Input Tax Credit (ITC) isn't reversed for the portion of LIC premiums excluded from taxable value under Rule 32(4). Learn about life insurance taxability.
Explore the fascinating evolution of taxation in India, from ancient texts to the modern GST system. Discover key historical changes and their impact.
Discover who needs to file an Income Tax Audit Report by September 30th. Learn about turnover thresholds for businesses and professionals to avoid penalties.
Discover the new e-DRS scheme for resolving income tax disputes. Learn about its online platform, eligibility, and how to apply for faster, cost-effective resolution.
This article aims to shed light on this issue, analyzing relevant case laws and providing a comprehensive understanding of the prevailing legal position.
Master your CA exams with our expert guidance. Discover effective preparation strategies, the importance of articleship, and study tips for success.
India's Finance Minister announced a review of the 1961 Income-Tax Act. Discover the need for a modern, simplified tax system to reduce complexity and improve taxpayer services.
Understand how to comply with Section 15(3)(b)(ii) of the CGST Act 2017 for post-supply discounts. Learn about agreements, ITC reversal, and required documentation.
Understand the crucial differences between private placement and preferential allotment for fundraising under India's Companies Act, 2013. Learn which suits your business.