Evacuation of Indians from Ukraine Indian Government’s primary focus in this crisis time has been the evacuation of its 18,000 Indian students stranded in the war zone. While the government has deployed Air India and Indigo flights, Indian airforce, union ministers, multiple embassies, etc the same was more reactionary to…

While Russia is evading Ukraine, India has remained silent on the entire crisis. Even at the United Nations General Assembly, when 141 countries voted for a resolution to condemn Russia over its invasion of Ukraine, and 4 countries voted against the same, 35 abstained from voting which included India as…

The United States has historically used economic sanctions as a weapon in the international war, owing to the dominance of US dollars. However, the overuse of sanctions is also threatening to destabilize the global economy. The continuous use of sanctions is pushing more countries to end their reliance on the…

The main principle of war is to hurt or harm the enemy as much as possible. And what hurts more in the twenty-first century than money? While the United States and NATO members have denied any direct involvement in the Ukraine war, they are fighting the war on the economic…

North Atlantic Treaty Organisation (NATO) North Atlantic Treaty Organization (NATO) is a military alliance that was formed in 1949 by 12 countries. It derived the name ‘North Atlantic’ as the countries involved were located in the Northern hemisphere of the Atlantic Ocean – the United States and Canada on the…

Prologue Right and wrong – surprisingly, the simplest and yet most widely misunderstood concept, even in the twenty-first century where the world thrives on data and instant information. What’s right and what’s wrong, is a matter of opinion. It is subjective as based on an individual’s perception. Something might be…

Metaverse Background The coronavirus pandemic has forced corporates around the world to rethink their future course of action. While the superhumans at the head of corporates cannot ensure their existence beyond human capabilities, they are ensuring that their corporates have a safe and steady future even after their existence comes…

“There’s no surprise, that’s the surprise.” Preface Cut your coat according to your cloth, because if you don’t, you will lose them both! Budgeting is an essential part of our lives. We are budgeting all the time, knowingly, unknowingly, as it helps us in keeping our expenses in tandem with…

More time to release new faceless assessment schemes The scheme for faceless assessment for determination of arm’s length price under section 92CA, dispute resolution panel under section 144C and appeal to the appellate tribunal under section 253, were required to be issued by March 31, 2023; and for the procedure…

After filing the return, a taxpayer has an option to file a revised return or if not filed altogether, an option of filing of belated return. The period to file such returns is 5 months in the case of the individual assessee, 2 months for audited businesses, and 1 month…