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New Tariff Walls

  Affluence Advisory    17 May 2024 at 08:34

Since 2018, an economic rift has persisted between China and the United States (US), spurred by a revision in the foreign economic stance under President Donald Trump's administration.



Legal Status and Ethical Considerations Surrounding Animal Welfare: An Evolving Landscape

  CA Gyati Gupta    17 May 2024 at 08:34

In the annals of legal history, the treatment of non-human entities, particularly animals, has undergone a profound evolution. Once considered liable for their own actions and subject to punishment for wrongdoings, today's legal landscape offers a markedly different perspective.



Consolidated Fund of India

  Mitali    16 May 2024 at 13:01

The Consolidated Fund of India, as defined in Article 266(1) of the Indian Constitution, serves as the most important reservoir for all revenue received by the government from various sources.



Transactions Reporting under SFT

  CA Anoop Kumar Sharma    16 May 2024 at 08:38

SFT is a mechanism for monitor high-value transactions conducted by Assessee/customer; a significant regulatory measure was introduced with the inception of Form 61A under Section 285BA, effective from April 1, 2004, as per Notification No. 182/2005 dated July 11, 2005.



Income Tax India's AIS Upgrade: A Closer Look at New Functionalities

  Abhishek Raja    16 May 2024 at 08:38

The Income Tax Department has now upgraded the AIS functionality, allowing taxpayers to track the confirmation status of information reported by sources like banks. This new feature aims to increase transparency by displaying if the source has accepted or rejected feedback on incorrect data in the AIS.



Tax treatment of Livestock: Analysis

  CA Aman Rajput    15 May 2024 at 15:22

In India, the dairy industry forms an important part of the agricultural sector and plays an important role in the growth of India's economy. Another important area is providing livelihoods to hundreds of people across rural and urban areas.



Liability of Directors in case of a Private Company

  Affluence Advisory    15 May 2024 at 15:16

In this article, we have tried to cover the liability of directors under different laws, i.e., company law, income tax, and GST.



Is trading possible without paying tax?

  Khush Trivedi    15 May 2024 at 15:11

According to Times of India the investor base has seen more than 3x jump in the last five years, facilitated by rapid growth in digitization, rising investor awareness, financial inclusion, and strong market performance.



Understanding Tax Implications for NRIs in FY24

  CA Arun Tiwari    15 May 2024 at 08:39

As we explore the fiscal year 2024 (FY24), it's crucial to understand the intricate tax implications for NRIs to ensure compliance with Indian tax laws and optimize tax efficiency.



Understanding Systems Audit and Process Audit: A Comparative Analysis

  Sundaran.D    15 May 2024 at 08:39

In the sphere of organizational management, audits serve as indispensable tools for enhancing efficiency, ensuring compliance, and driving overall effectiveness. Among the array of audit types, two stand out prominently: systems audit and process audit.