Author: Kewal Garg
IBBI issues Circular No. IBBI/CIRP/88/2025, enhancing due-diligence requirements u/s 29A during the Corporate Insolvency Resolution Process (CIRP). Learn updated duties of RPs, PRAs, and CoC members for compliance.
GSTN explains key aspects of Annual GSTR 9/9C Filing for FY 2024-25 through a set of 24 FAQs. Common doubts on auto-population rules, ITC adjustments and reporting requirements clarified.
Learn the difference between domestic and foreign companies under the Income Tax Act, 1961. Understand definitions, tax rates, and compliance rules for Indian and foreign entities. Updated with Finance …
Explore Section 2(18) of the Income Tax Act, 1961, defining companies with substantial public interest. Learn criteria for tax benefits, including government ownership and shareholding patterns.
Explore the comprehensive definition of "company" under Section 2(17) of the Income Tax Act, 1961, encompassing Indian and foreign entities, deemed institutions, and their tax implications for accurate compliance.
Learn what a recognised provident fund means under Section 2(38) of the Income-tax Act, 1961. Understand tax deductions under Section 80C, exemptions on interest and withdrawals, and compliance rules …
Understand Section 2(11) of the Income Tax Act. Learn what a block of assets is, its purpose, depreciation rules, and key compliance tips.
Learn the meaning of substantial interest under Section 2(32) of the Income Tax Act and its impact on related party transactions and expense disallowances.
Learn about approved gratuity and superannuation funds under the Income Tax Act, 1961. Understand tax benefits, compliance rules, and key limits for Indian employers and employees.
Find out what constitutes a 'person' under Section 2(31) of the Income Tax Act in India and what it means for tax purposes.