A guide to accounting for R&D in India under Indian GAAP and Ind AS 38. Learn the difference between research and development ...

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 ...

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 ...

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 ...

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

Cuttack ITAT cancels penalties under sections 271D and 271E, ruling that the Assessing Officer must record satisfaction in the assessment order before initiating penalty ...

ITR-3 is the tax form for individuals and HUFs with business or professional income. Learn who must file, the types of income covered, and important ...

NCLT rules that the IBC's moratorium applies to all proceedings against a corporate debtor, including quasi-judicial and assessment proceedings, upholding its purpose as a protective ...

The Supreme Court ruled that a show cause notice, not a summons, initiates GST proceedings, clarifying Section 6(2)(b) and preventing dual tax authority ...

Delhi High Court reduced the pre-deposit amount bearing in mind the financial constraints and held that the question as to whether the imported components constituted E-Rikshaw themselves shall also ...

Compare AS 11 and Ind AS 21 on accounting for foreign exchange rates. Understand the differences in how they handle monetary items, and the capitalization of exchange ...