Taxation of Virtual Digital Assets (2025)
Explore the taxation of Virtual Digital Assets in India under the Income Tax Act. Learn provisions, need, disadvantages, and changes over time.
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Decoding Accounting Standard 2 (AS 2) – Valuation of Inventories
Introduction Accounting Standard 2 (AS 2) provides comprehensive guidelines on the valuation of inventories, ensuring that financial statements reflect a true and fair view of an enterprise’s financial position. Proper
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Understanding Reciprocal Tariffs: Trump’s 26% Tariff on India and Its Far-Reaching Impact
Explore Trump’s 26% reciprocal tariffs on India, their impact on consumers, businesses, and the Indian government’s role in 2025.
Decoding Accounting Standard 1 (AS 1) – Disclosure of Accounting Policies
Introduction Accounting Standard 1 (AS 1) deals with the disclosure of significant accounting policies followed in preparing and presenting financial statements. The objective is to ensure that financial statements provide
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Latest Update on MSME
The Ministry of Micro, Small and Medium Enterprises has issued notification no. S.O. 1376(E) dated 25th March 2025 requiring the companies to submit a half yearly return to the Ministry
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TDS and TCS Due Dates for Payment & Return Filing – A Complete Guide
Learn about TDS and TCS due dates for payment and return filing in India as per the Income Tax Act. Avoid penalties and stay compliant with our complete guide.
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Compliance Calendar – April 2025
Know the compliances which are to be complied with for the month of April 2025 as per Income Tax, GST , PF and ESI. Compliances as per Income Tax Act
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Waiver of Levy of Interest u/s 201(1A)(ii)/206C(7)
The CDBT on 28th March 2025 has issued Circular 05/2025 for waiver of on levy of interest under section 201(IA)(ii)/ 206C(7) of the Act, as the case maybe, in specific
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Key Changes in Form 3CD
The CBDT vide notification no. 23/2025 has issued the Income Tax (Eighth Amendment) Rules , 2025 introducing significant amendments in Form 3CD. The notification shall come into force with effect
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How to make GST Payments in the GST Portal?
How to make a GST Payment?
How to make GST Payments in the GST Portal? Read More »