Learn about third-party car insurance, a mandatory legal requirement in India. Understand its coverage, legal provisions, and ...

NCLT Delhi held that Fixed Deposit Receipts FDRs standing in the name of the Corporate Debtor constitute financial assets and ...

Learn about the new GST exemption for PG and hostel accommodations. This guide covers the key rules, including the Rs. 20,000 monthly rent cap and 90-day minimum ...

An ITAT Pune order protects a charitable trust from being taxed on its gross receipts due to income tax return filing errors. Learn how Section 12AA registration and genuine expenses can shield ...

An expert analysis of fixed asset accounting under AS 10 and Ind AS 16, comparing their principles, measurement models, and practical application for Indian ...

Understand key income tax deductions under the Income Tax Act, including Sections 80C, 80D, and 24(b). Learn how to lower your taxable income and save ...

Understand capital gains tax on assets like property and stocks. Learn the difference between short-term and long-term gains, how to calculate them, and available tax ...

The ITAT Pune ruled on the Gousmahammad Anwar Gavandi case, reducing a tax addition on seized cash by accepting cash-in-hand and part of the claimed cash ...

U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected ...

The Indian government has proposed GST reforms, including reducing tax slabs to 5% and 18%. This aims to simplify the structure and lower costs for daily-use ...

What is PGBP? Learn how "Profits and Gains from Business or Profession" is taxed in India, including key sections, eligible deductions, and presumptive tax ...

While computing arm's length price (ALP), it is required both the tested party and the comparable should have similar financial year endings for proper analysis of the functions performed, assets ...