Mesne profits, which are yet to be determined, do not come within the purview of an accrued income for the purposes of Section 4 and 5 of the Income Tax Act till the judgment regarding civil dispute was rendered in this regard.
This judgment, with far-reaching implications for taxpayers and tax authorities, warrants a closer look through the lens of its implecations and detailed analysis.
This article delves into the provisions of the IBC to explore the crucial role of the CoC and its inherent need for ethical conduct.
In a recent development, the National Financial Reporting Authority (NFRA) has issued a consequential order shedding light on the statutory audit of Seya Industries Limited for the financial years 2018-19 and 2019-20.
In the bustling world of Indian business, the Insolvency and Bankruptcy Code (IBC) acts as a vital safety net, offering distressed companies a chance to restructure and bounce back.
As India marks its 75th year as a Republic, it's opportune to reflect on the transformative journey of its economy from a struggling, third-world nation to the world's sixth-largest economy. Against the backdrop of global economic challenges exacerbated by the COVID-19 pandemic and geopolitical tensions, India's GDP stands resilient, growing at a promising 6.1%.
This recent Judgement passed by the Hon'ble Madras High Court has to an extent resolved the anomaly with respect to taxability of vouchers under the GST regime...
In this article, we’ll explore the importance of a trademark clearance certificate, how it relates to copyright protection, and why it’s a critical step in protecting your creative works.
This article delves into the revised eligibility norms, their implications for UCBs, and the potential impact on the cooperative banking sector in India.
Every registered person has to file return to the GST department. Once the person files the return, the next step is processing the return by the GST department.
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