Category: Taxation and Compliance

Background As the sun sets on the fertile fields of India, casting a golden glow over the nation’s agricultural landscape, a lingering question emerges from the shadows:..

Introduction In a surprising move, the Indian government recently announced the demonetization of the INR 2,000 currency notes under the Reserve Bank of India’s (RBI) Clean Note..

Following are the key changes relating to Goods and services tax – Decriminalisation of certain offences The government has been focussing on ease of doing business for..

Following are the key changes relating to income tax assessments– Changes related to assessments In Budget 2022, the time limit for summary or scrutiny assessment under section..

We are budgeting all the time, knowingly, and unknowingly, as it helps us in keeping our expenses in tandem with our income. Every year the finance minister..

Every year the finance minister presents the budget of the country in the Lok Sabha. The budget explains how the government is planning to collect taxes or..

At the time of the presentation of the Budget before the Parliament, a Finance Bill is also presented detailing the imposition, abolition, remission, alteration or regulation of..

Following are the key changes relating to the customs laws – Certain exemptions will not expire automatically In 2021, the Central Government introduced a new section 25(4A)..

Background It’s been more than five years since the implementation of the new Goods and Services Tax (GST) law in July 2017. The new regime of indirect..

Introduction of of New TDS Compliance Many companies often transfer benefits arising out of sales or services directly to their agents. It is a common practice for..