NEWS & UPDATES

Compliance Calendar July 2025 Due Date for submission Month Act/Law Applicable Form Tax period Description 07-07-2025 July-25 FEMA ECB ...

Income Tax Bill 2025 ·        As part of the Union Budget 2025, the FM announced tabling of the new bill in Parliament in the current...

Meaning of Dividend : Section 2(35) of the companies Act, 2013, while defining the term dividend simply states that “dividend” includes...

Union Budget 2025-25 Key Highlights

Depreciation under Income Tax Act (Section 32) Understanding Section 32 of the Income Tax Act, 1961: Section 32 of the Income Tax Act,...

There are two kinds of provisions wrt expenditure in Income Tax Act i.e., 1. Allowable Expenditure- Those expenses which are allowed/...

Corporate Social Responsibility (CSR) as per Companies Act, 2013 Corporate Social Responsibility (CSR) refers to the ethical obligation...

As per Section 12 read with Rule 26 of the Companies (Incorporation) Rules, 2014 every company which has a website for conducting online...

It is not an Exhaustive list of Obligation under various Laws. Important ones have been complied to serve as a ready Reckoner. Users are...

Different Streams of Revenue and Relevant Controls for Revenue Leakage

Dematralisation of Shares

SOP Audit & Internal Audit in Luxury Hotels & Resorts" Chapter-03-Audit Planning

EQUITY & LIABILITIES 1.   Share Capital Whether there is any change in Shareholder’s pattern if yes -obtain the certified copies of the...

Different Departments of a Hotel and their Key Processes The smooth operation of a hotel is akin to a well-orchestrated symphony, where...

In the dynamic hospitality industry, consistency is key. From reception greetings to meticulous housekeeping, every guest interaction...

Types of Interest Under Section 234 With proper planning, one can maintain timely tax payments. However, if not planned on time, you...

Section 80TTA: Tax Benefits for individuals and HUFs. Section 80TTA of the Income Tax Act allows individuals and HUFs to claim a...

Section 139(3) – Filing Income Tax in case of Loss In case of an Individual Tax payer, if any loss was incurred in the previous financial...

Section 139(4) – Late Income Tax Return The taxpayer (an individual or an entity) have to furnish the tax return before the due date as...

What is MSME Act? The Micro, Small, and Medium Enterprises Development Act (MSMED) of 2006, also known as the MSME Act, aims to promote,...