Increase in Minimum Wages in Delhi from 1st October, 2023
As October dawned in Delhi, it brought with it more than just a change in season. This year, October 1st heralded a significant stride towards financial equity and relief for…
Input Service Distributer (ISD) under GST: A Comprehensive Guide
The Goods and Services Tax (GST), introduced in India in 2017, has significantly streamlined the indirect tax system by incorporating a host of different taxes into a unified structure. Despite…
Tax Collected at Source (TCS) for Foreign Tour Package under Liberalised Remittance Scheme from October, 2023
In an era where global boundaries seem to blur and international transactions are more common than ever, understanding tax norms becomes crucial. A significant part of these financial transactions is…
CARO 2020 Applicability: Which Companies are Covered and Which are Exempt
The auditors of companies, in the eyes of the law, hold a pivotal role in ensuring transparency, good governance, and the protection of shareholders including the public ones. To this…
Lower Deduction Certificate (LDC) for TDS on Sale of Property by NRI : Why, When & How
As an NRI (Non-Resident Indian), in the midst of the hustle and bustle of life across borders, it’s common to overlook aspects related to your property back in India. Property…
Tightening Accounting of NGOs: Introduction of Rule 17AA on Maintenance of Books of Accounts under Income Tax Act
Every individual and organization operating within the boundaries of a nation is governed by the country’s taxation policies. Within these policies, a set of ground rules establishes the clarity required…
GST Latest Notification: No GST on Ocean Freight on Import of Goods from 1st October, 2023
The business world is dynamic, with laws and regulations continually evolving. The latest move that is set to bring about significant change in the realm of international goods transportation pertains…
GST Input Credit (ITC) on Corporate Social Responsibility (CSR) Expenditure. An Analysis
In a world that’s continuously evolving, the blend of corporate responsibilities and fiscal policies remains an intriguing area for businesses, policymakers, and the public alike. One such topic at the…
Income Tax Benefits of Taking a Loan in Joint Name for Buying a House Property
Investing in real estate has always been a popular financial strategy, but did you know that buying property in a joint name can come with its own set of income…
Due Dates for Company Annual ROC Filings for 2023
In the vibrant economic landscape of India, companies vary in form, size, and the industries they serve. Despite these differences, one binding thread between them is compliance with the Companies…
MCA Introduces Condonation Scheme for Delay in Filing LLP Forms (3, 4, 11)
The Ministry of Corporate Affairs (MCA), India, recently released General Circular No.08/2023, which addresses concerns related to the filing of specific forms under the Limited Liability Partnership Act, 2008. This…
GST E-Invoicing Limit Reduced to 5 Crores from 1st August, 2023
In the ever-changing landscape of financial regulations, one must always stay updated to ensure they are in compliance and can take advantage of new opportunities. Today, we focus on a…
