Popular Articles

Audit Materiality Explained: Planning Materiality, Tolerable Error and Summary of Audit Difference

Arpitha Kanchi 11 October 2025 at 06:43

Learn how auditors use Planning Materiality, Tolerable Error, and Summary of Audit Difference to assess financial misstatements and ensure fair presentation.

New Eligibility Norms for UCB Inclusion in RBI's Second Schedule

CA Divyajeet Singh Sabharwal 19 January 2024 at 08:51

This article delves into the revised eligibility norms, their implications for UCBs, and the potential impact on the cooperative banking sector in India.

Understanding the Tax Implications of Gambling Winnings

Shivani 05 December 2023 at 09:19

Today, we delve into what kind of taxes are obligatory on gambling winnings.

New Income Tax Excel Utility for ITR-2 & ITR-3 Version 1.8 for AY 2024-25 Now Available

Joseph Amal T A 08 January 2025 at 08:46

The Indian Income Tax Department has introduced the latest versions of its Excel utilities for filing Income Tax Returns (ITRs) for the Assessment Year 2024-25.

What is the Direct Tax Vivad Se Vishwas Scheme, 2024?

CA Umesh Sharma 23 September 2024 at 14:21

Under Direct Tax Vivad Se Vishwas Scheme, 2024scheme, appellants with pending appeals or writ petitions related to direct taxes can resolve disputes by paying a portion of the disputed tax, interest, penalty, fee. The benefits vary depending on when the dispute is settled.

CSR expenditure is allowable u/s 80G of IT Act - On the maxim of 'Expressio Unius Esl Exclusio Alterius'

Vivek Jalan 13 December 2023 at 14:31

Allowability of CSR expenditure has been sealed after Explanation 2 to Section 37(1) was inserted in the Income tax Act 1961 w.e.f. 1.4.2015.

Why Income Tax Refunds Are Being Delayed: What You Can Do?

Poojitha Raam Vinay 24 September 2025 at 16:50

Wondering why your income tax refund is delayed? Learn common reasons like data mismatches, incomplete bank details, or scrutiny of high-value transactions, and find out how to track, fix, and speed up your refund process.

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Affluence Advisory 19 July 2024 at 08:28

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.

Is your business COVID-19 ready?

Manju Laur 27 April 2020 at 10:49

Given this it's crucial that business should assess its risk and rapidly implement the necessary measures at the appropriate scale to reduce the effect of COVID-19.

Comprehensive Guide to Deductions under Income Tax Bill 2025

CA Rohit Sonar 14 February 2025 at 08:27

The Income Tax Bill 2025, introduced to replace the decades-old Income Tax Act of 1961, brings a wave of modernization and clarity to the Indian taxation system.