A guide to accounting for R&D in India under Indian GAAP and Ind AS 38. Learn the difference between research and development ...

Learn about third-party car insurance, a mandatory legal requirement in India. Understand its coverage, legal provisions, and ...

Learn about the new GST exemption for PG and hostel accommodations. This guide covers the key rules, including the Rs. 20,000 monthly rent cap and 90-day minimum ...

An ITAT Pune order protects a charitable trust from being taxed on its gross receipts due to income tax return filing errors. Learn how Section 12AA registration and genuine expenses can shield ...

An expert analysis of fixed asset accounting under AS 10 and Ind AS 16, comparing their principles, measurement models, and practical application for Indian ...

Understand key income tax deductions under the Income Tax Act, including Sections 80C, 80D, and 24(b). Learn how to lower your taxable income and save ...

The ITAT Pune ruled on the Gousmahammad Anwar Gavandi case, reducing a tax addition on seized cash by accepting cash-in-hand and part of the claimed cash ...

The Indian government has proposed GST reforms, including reducing tax slabs to 5% and 18%. This aims to simplify the structure and lower costs for daily-use ...

U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected ...

While computing arm's length price (ALP), it is required both the tested party and the comparable should have similar financial year endings for proper analysis of the functions performed, assets ...

ITR-3 is the tax form for individuals and HUFs with business or professional income. Learn who must file, the types of income covered, and important ...

The Bombay High Court ruled that a capital gains exemption for multiple residential properties before the 2014 amendment is valid, reaffirming a liberal interpretation of tax ...