CBIC Instructions on 90% Provisional GST Refunds
CBIC Instruction on provisional GST refunds. 90% refund for low-risk applications filed on or after 01.10.2025. Includes zero-rated & inverted duty structure.
Basic Savings Bank Deposit (BSBD) Accounts: RBI Draft Guidelines 2025
RBI’s draft guidelines (2025) for Basic Savings Bank Deposit (BSBD) Accounts aim to boost financial inclusion with free services and digital banking features.
About AS 25 of ICAI: Interim Financial Reporting
AS 25 of ICAI explains interim financial reporting rules for non-Ind AS entities. Learn scope, EPS, comparative data, SEBI timelines, and disclosures.
Section 2(38) Income-tax: Recognised Provident Fund – Meaning
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 …
Section 2(36A) Income-tax: Public Sector Company – Meaning
Explore the definition of "public sector company" under Section 2(36A) of the Income Tax Act, 1961, including ties to the Companies Act, 2013. Understand government ownership thresholds, subsidiaries, and …
Section 2(26) Income Tax: Indian Company – Meaning
Section 2(26) of Income Tax Act defines 'Indian company' to include entities registered under Companies Act, 1956 (now 2013), statutory corporations, specified regional bodies with principal office in India, …
Section 2(32) Income Tax: Meaning of Substantial Interest of a Person in Company
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.
Who is a ‘Person’ under S. 2(31) of Income Tax Act in India
Find out what constitutes a 'person' under Section 2(31) of the Income Tax Act in India and what it means for tax purposes.
Section 2(22A)/ 2(23A) Income Tax: Domestic/ Foreign Company – Meaning
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 …
Section 2(18) Income Tax: Meaning of Substantial Interest of Public in a Company
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.