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Introduction to ROC Annual ComplianceRegistrar of Companies (ROC) Annual Compliance refers to the mandatory yearly submission of specific documents and returns by private limited companies to the Regi...

Overview of Bonus Share IssuanceIssuing bonus shares enables a company to convert its accumulated profits or certain reserves into share capital by allotting additional shares to its current sharehold...

1. Introduction to Insider Compliance in IndiaThe landscape of corporate governance in India is undergoing rapid transformation, with particular attention on the role and obligations of "Insiders" as...

1. IntroductionA significant number of businesses, especially in sectors such as manufacturing and logistics, extend canteen amenities to their workforce. These services may be managed internally or o...

IntroductionThe procedures for inspection, search, and seizure under the Goods and Services Tax (GST) regime in India are primarily regulated by the Central Goods and Services Tax (CGST) Act, 2017. Wh...

Introduction to the Income Tax Act 2025The President of India has granted approval to the Income Tax Bill, leading to the formal enactment of the Income Tax Act, 2025. This legislation, now officially...

Overview of the ITR Utility Glitch for Negative Capital GainsMany assessees filing their Income Tax Returns (ITR) for Assessment Year 2025-26 are facing a peculiar technical obstacle in the capital ga...

Introduction: Dawn of a New Tax RegimeThe enactment of the Income-tax Act, 2025 represents a pivotal transformation in India’s direct tax landscape, supplanting the long-standing Income-tax Act, 1961...

Introduction to Section 194Ti) Legislative BackgroundIn the Union Budget of 2024, the Finance Minister introduced Section 194T to the Income Tax Act, which will come into force from April 1, 2025. Thi...

1. IntroductionThe journey from a private entity to a publicly listed company through an Initial Public Offering (IPO) is transformative, bringing with it heightened public scrutiny, regulatory compli...

OverviewThe Indian online gaming landscape has experienced explosive expansion, propelled by widespread internet affordability, smartphone proliferation, and surging user engagement. While e-sports an...

Introduction to Inter-State ITC Transfers under GSTRegistered assessees under the GST regime are granted the privilege to shift their unutilized Input Tax Credit (ITC) from their electronic credit led...

Introduction: The GST Compensation Cess DilemmaThe introduction of Goods and Services Tax (GST) in India in 2017 brought forth the GST Compensation Cess, a special levy on luxury and ‘sin’ goods. Desi...

Overview of India’s Approach to Online Gaming TaxationIndia’s regulatory and fiscal framework has traditionally conveyed a clear message of discouragement towards online gaming.Assessees involved in o...

Introduction to the IBC and Distressed M&AThe Insolvency and Bankruptcy Code, 2016 (IBC) was established to consolidate the fragmented insolvency laws and streamline the processes related to the reviv...

Overview of the Income Tax Appellate Tribunal (ITAT)(i) Establishment and Mandate of ITATThe Income Tax Appellate Tribunal (ITAT), operational since 1941, serves as an independent quasi-judicial body...

OverviewThe Goods and Services Tax (GST) framework in India lays down comprehensive procedures for the recovery of unpaid or underpaid taxes, as well as for instances where input tax credit (ITC) has...

Introduction to MCA Portal TransitionThe Ministry of Corporate Affairs (MCA) has implemented the final migration phase of 38 critical company e-forms—including AOC-4 and its related forms—to the advan...

Overview of GST Return ScrutinySection 61 of the Central Goods and Services Tax Act empowers GST authorities to examine returns filed by assessees. If inconsistencies or anomalies are detected, the of...

IntroductionThe Supreme Court, in its ruling in the case of Kesari Nandan Mobile v. Office of Assistant Commissioner of State Tax (2), has unequivocally established that a provisional attachment under...