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Cost Inflation Index for FY 2025-26
Cost Inflation Index (CII) is a metric used in India. CII for FY 2023-2024 is 348. Check out the year-wise CII from 2001-02.
3 famous case laws that clarify how to identify a slump sale
The concept of Slump Sale was introduced in the income tax law through section 2(42C) and section 50B in AY 2000-01 consequent to a ton of litigation and ambigu...
CMAs' Role in Tax Audit
Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get hi
ITC restriction on invoices or debit notes not uploaded in GSTR-1
Input Tax Credit restriction - Rule 36(4) of CGST Rules, 2017 inserted vide Notification No. 49/2019 dated 09th Oct, 2019 was made applicable w.e.f. 09th Oct, 2019. This article explains the ITC restrictions imposed through this rule with valid examples.
Foreign Direct Investment in India (FDI)
Foreign Direct Investment (FDI) is permitted as under the following forms of investments Through financial collaborations. Through joint ventures and technical collaborations. Through capital markets vi
Tax Saving options other than deductions u/s 80C for the A.Y 2018-19
It is the high time of the year when taxpayers are looking for the options to save their income tax liability. Since they have to make the investment before 31s...
GST on Hotel industry
This article discusses in detail about the GST taxability of services of provided by hotel industry.
KVAT Amendments
Major Changes in Karnataka Value Added Tax Act, 2003 effective from April 1, 2010: · VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. · Tax on M
Understanding IND AS 32: A Guide to Financial Instruments Presentation
The purpose of IND AS 32 is to provide transparent and relevant information about financial instruments to stakeholders, including investors, lenders, and regulators.
Analysis of Judgment of Supreme Court on Sahara
Analysis of Judgment of Supreme Court in Sahara India Real Estate Corpn. Ltd & ors Vs. SEBI & Anr Supreme Court delivered a judgment in Saharas Case which now confirms the jurisdiction and power of SEBI to inquire into hybrid securi
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