Filing Form AOC-4 is a critical compliance requirement for companies registered under the Companies Act, 2013. This form facilitates the submission of financial statements and pertinent documents to the Registrar of Companies (RoC). Understanding the due dates, associated fees, and …

Easy Guide to Form AOC-4 Filing: Due Dates, Fees, and Process [2026] Read more »

As a pivotal component of corporate compliance in India, the MGT-7 Form serves as the annual return that companies must file with the Ministry of Corporate Affairs (MCA). This document encapsulates a company’s financial health, operational activities, and structural details, …

Comprehensive Guide to MCA Form MGT-7: Due Dates, Filing Fees, and Detailed Filing Process Read more »

On November 24, 2023, the Institute of Chartered Accountants of India (ICAI) unveiled a new “CA India” logo during the Global Professional Accountants Convention (GloPAC) held at the Mahatma Mandir Convention Centre in Gandhinagar, Gujarat. This initiative marks a significant …

ICAI Launches New ‘CA India’ Logo: Key Features and Usage Guidelines for Members [2024-25] Read more »

Case OverviewContentsCase OverviewKey FactsITAT RulingImplicationsRelevant Sections Key Facts ITAT Ruling Implications Relevant Sections This ruling reinforces the distinction in tax treatment of CSR contributions based on their purpose and beneficiary eligibility under tax laws.

Changes in the national minimum wage can have significant implications for payroll accounting. For businesses, it’s not just about adjusting pay rates; it involves compliance with labor laws, recalibrating financial planning, and ensuring employee satisfaction. Failing to account for these …

How Do Changes in National Minimum Wage Affect Payroll Accounting? Read more »

As businesses worldwide strive to maintain transparency and consistency in financial reporting, the International Financial Reporting Standards (IFRS) play a pivotal role. Effective from January 2024, several new IFRS standards and amendments aim to improve financial clarity, harmonize global practices, …

What Are the New IFRS Standards Effective from January 2024? Read more »

Understanding and verifying your tax code is essential for ensuring you pay the right amount of tax and avoid overpayment. A tax code determines how much tax is deducted from your income, and errors in it can lead to unnecessary …

How Can I Ensure My Tax Code Is Correct to Avoid Overpayment? Read more »

Navigating tax deadlines is essential for individuals, businesses, and organizations to remain compliant with regulatory requirements. Missing these dates can lead to penalties, interest charges, and unnecessary stress. As December 2024 comes to a close and January 2025 approaches, staying …

What Are the Key Tax Deadlines for December 2024 and January 2025? Read more »

The Goods and Services Tax (GST) in India has introduced a streamlined tax system, affecting all industries, including the booming mobile phone and accessories market. Mobile devices and accessories are now more accessible to the public due to simplified tax …

GST Rates Applicable to Mobile Phones and Accessories with HSN Code [2025] Read more »

The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) framework shifts the responsibility of tax payment from the supplier to the recipient of goods or services. This approach ensures tax compliance, especially in sectors with unorganized suppliers …

RCM (Reverse Charge Mechanism) Under GST With Latest Update | JAN’25 Read more »