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Taxation

Agreement Between Nations to Pay a Global Minimum Tax o...

Global minimum tax

A majority of the governments across the world have signed a landmark agreement that may compel multinational businesses to pay their fair share of taxes i...

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Income Tax

How to track the status of Income Tax refund?

Income Tax refund

If you ended up paying more tax than your actual tax burden in a particular fiscal year, you may be entitled to an income tax refund after completing your...

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PMLA

Underlining the Scope of Investigation under PMLA

Investigation under PMLA

The Prevention of Money Laundering Act 2002 was introduced to tackle the growing concern of money laundering. Money laundering is a process through which a...

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Finance & Accounting Startup

Common errors in Ind AS financial statements – Ob...

Observations by FRRB

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is established as a proactive tool to enhance financi...

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Income Tax

New Form 26AS expanded to include more information

New Form 26AS expanded

Recently the income tax department expanded the scope of information which needs to be reported in the new form 26AS. The CBDT issued an order on 26th Octo...

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NBFC

Lending cap on NBFCs: Will it be beneficial for small p...

Lending cap on NBFCs

The NBFC sector has witnessed massive growth in the last few years. The size of the balance sheets of NBFCs is now greater than a quarter of that of banks....

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GST

GST Council to issue a clarification on Gaming Industry...

Gaming Industry

The online gaming industry, casinos, and racecourses in India have long been in a state of debate for the levy of GST. GST Council will issue a Clarificati...

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GST Latest News

CBIC clarifies the Scope of ‘Intermediary’ under GS...

Intermediary under GST

The Central Board of Indirect Taxes and Customs (CBIC) released Circular No. 159/15/2021-GST on September 20, 2021, to clarify scope of intermediary servic...

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