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.
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.
In a significant move to address long-standing concerns regarding the taxability of vouchers under GST, the GST Council made certain recommendations
Clause 83 of the Finance Bill, 2026 proposes substitution of Sections 427 and 428 of the Income-tax Act, 2025, introducing a structured fee framework for delayed returns, audit reports, financial transaction statements, and accountant certifications, effective April 1, 2026.
Let's delve deeper into how SMEs can effectively leverage AI to enhance their analytics capabilities, enriched with practical examples.
A NBFC-Factor is a type of Non-Banking Financial Company (NBFC) that is primarily engaged in the business of factoring.
Think CA careers are limited to audit and tax? Think again. Explore high-growth career paths for Chartered Accountants from investment banking and fintech to consulting, wealth management and entrepreneurship.
The option pricing method (OPM) is a widely used approach for allocating equity value to various securities within the intricate capital structures of privately held companies.
A company is an imaginary person, ethereal and invisible. A living being possesses both hands and a mind, which enable them to take action, making them capable of making decisions and exhibiting knowledge and intention.
Income Tax is sending bulk mails on ITR-AIS mismatches, even for genuine buys funded from savings, loans or gifts. Know why?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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