Companies Act

Demystifying Tax Audits: Exploring Section 44AB of the Income Tax Act

Introduction Tax audit is a crucial aspect of the Indian income tax system, governed by Section 44AB of the Income Tax Act, 1961. It is a...

ANNUAL PERFORMANCE REPORT for foreign entities

Introduction The Foreign Exchange Management Act (FEMA) is the critical piece of legislation in India, regulating foreign exchange...

Who can apply for Lower deduction certificate?

In order to overcome tax evasion measures adopted by taxpayers, Indian Income Tax laws provide for deduction of tax on income of any...

Section 194R: Tax Deductible on Perquisite or Benefit in Business

Introduction TDS（Tax Deducted at Source） under section 194R was introduced in the Union Budget 2022, and it was made effective from 1st...

LLP (Limited Liability Partnership) Audit

Introduction As an LLP is a separate legal entity therefore it shall be under obligation to maintain annual accounts presenting true and...

Compensation received in case of voluntary retirement or separation – Section 10(10C)

Introduction Where Compensation is received at the time of voluntary retirement or in case of separation, the income received as...

Transfer pricing law in India

Introduction Transfer Pricing (“TP”) regulations have been at the forefront of corporate headlines over the last few years due to the...

Labor Laws in India

In India, we have numerous laws which regulate the labor in the country and ensure to provide high degree of workers protection and...

Labor Laws in India

In India, we have numerous laws which regulate the labor in the country and ensure to provide high degree of workers protection and...

Cash Transactions Limits and Penalties

In the Indian economy, cash transactions have always assisted a significant role and are a consistent reason for accumulating black...

Directorship in India

The term Director is used for an individual who leads or manages a company. They are the final decision-makers and thus accountable for...