Popular Articles

Environmental Concerns in the IBC Framework

CS Peer mehboob 03 May 2024 at 08:34

As per the reports, Government is contemplating to bring changes in the Insolvency and Bankruptcy Code to address this crucial issue.

Understanding Wills in India: Key Legal Aspects & FAQs

Affluence Advisory 14 November 2024 at 06:41

A Will can be revoked at any time by the testator/testatrix during his/her lifetime.

Diving into Diligence: Simplifying the Essence of Due Diligence Across All Endeavors

Affluence Advisory 05 March 2024 at 12:39

Due diligence is a comprehensive process in business transactions involving the exchange, review, and appraisal of confidential legal, financial, and other material information between parties before finalizing the transaction.

India's Startup Boom Transforming Entrepreneurship and Economic Growth

Affluence Advisory 04 December 2024 at 08:39

Entrepreneurship in India is experiencing a significant surge, driven by a combination of economic reforms, government initiatives, and a young, dynamic workfor..

Case Study: Approval of Resolution Plan

FCS Deepak Pratap Singh 27 June 2024 at 08:31

National Company Law Tribunal (NCLT) has initiated CIRP on application of one of Operational Creditors of DOP Ltd. A Resolution Professional was appointed after all processes as per the Law.

Section 18 of The CGST Act, 2017 (Part II) - Reversal And Adjustment Of ITC in Special Circumstances

Raj Jaggi 06 December 2025 at 06:52

Explore how Sections 18(4) to 18(6) of the CGST Act complete the Input Tax Credit (ITC) cycle by ensuring fair reversal, repayment, and recalibration of credit...

Clarification on availability of GST Input Tax Credit on Demo Vehicles

Mohd Muaz Malik 08 May 2025 at 08:34

Under the Goods and Services Tax (GST) regime, Input Tax Credit (ITC) is generally available on goods and services used in the course or furtherance of business. However, Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017

Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]

FCS Deepak Pratap Singh 22 July 2024 at 08:29

In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.

Compounding Regulations under FEMA

Affluence Advisory 20 February 2025 at 08:29

Compounding of contraventions is a voluntary process where an individual or entity admits a contravention under any provision of law and seeks to settle the matter by paying the compounding fees, thus avoiding lengthy legal proceedings and hefty penalties that arise due to the committed contraventions.

Is Your International Payment Taxable? A Practical Guide to Separating Business Profits from Royalty and Technical Fee

CA. Bhavik P. Chudasama 25 November 2025 at 10:21

A practical guide to distinguishing business profits, royalties, and technical fees in international payments. Understand how contracts, DTAA rules and Form 15CA/CB requirements shape taxability, compliance, and certification, complete with real examples and clarity on grey areas.