Income Tax
CAAS Writ Petition: Gujarat HC Questions CBDT on Due Date Extensions and Compliance Gaps
On 26th September 2025, the Hon’ble Gujarat High Court heard the writ petition filed by the Chartered Accountants Association, Surat (CAAS) in the matter...
Income Tax
Section 37 vs 69C: ITAT Clarifies the Right Tool for Disallowance
Issue Involved
Whether disallowance u/s. 37 is tenable where AO has not doubted the nature and source of purchases expenditure and addition is made solely...
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Finance
Microfinancing and Poverty Alleviation
Microfinance is a specific business category of services, which includes microcredit. Micro-credit is a loan service to poor clients. Micro-credit is one of the...
Company Law and IBC
Petition for initiation of insolvency proceedings by Home Buyers
Insolvency and Bankruptcy Code 2016 is the law relating to insolvency and bankruptcy in India. This code was enacted with a view to consolidate...
Income Tax
Penalty u/s. 270A and 271(1)(c)
Before the introduction of S. 270A, Section 271(1)(c) of the Income Tax Act was in place being penalty on concealment of income and or...
Income Tax
Finance Act 2020: NRI can stay in India only for 119 days, if his taxable income is more than Rs.15 lakhs.
During the Budget 2020, Finance Minister proposed changes in the criteria for determining residential status for Non Residents Indians for tax purpose. On March...
Finance
Related-Party and its Reporting Requirements
Meaning of related party
So what does the term ‘Related Party’ mean.? How important this is to companies and individuals. What are the conditions to...
Top News
Extensions announced under Direct Tax, Audit Compliance and RERA due to Covid 19
The Finance Minister Ms. Nirmala Sitharaman, in the press release held on 13.05.2020 announced various relaxations in respect to deadlines and due dates under...
Finance
Why it is important to know your business’s “Working Capital Cycle”?
A working capital cycle (WCC) may sound like financial jargon, but it’s an important concept for business owners to understand. What entrepreneur wouldn’t want...
Finance
Index funds – Here’s why they’re a smart investment.
Index funds, created by John Clifton Bogle almost 45 years ago
as a way for everyday investors to compete with the pros. Index funds are...
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