Indian Government has a view that citizens should file their Income Tax Returns on or before due date, to make this a reality government has changed many sections and provisions related to Income Tax, to name a few- introducing penalty of late filing, reducing time to file belated returns,...

The Ministry of Finance published 12 draft ICDS, out of which 10 ICDS were notified by the government on 31 March 2015. The government specified a deferment of one year from the date of implementation of these standards; the notified ICDS will be applicable from...

The institute of Chartered Accountants of India (ICAI) being the accounting standards- setting body in India, way back in 2006, initiated the process of moving towrads the International Finanacial Reporting Standards(IFRS) issued by the Interanational Accounting Standards Baord (IASB) with a view to enhance...

The provisions of Equalization Levy are contained in Chapter VIII of Finance Act,2016 and this Chapter has come into force w.e.f. 1st June, 2016. Equalization Levy shall be charged at the rate of six percent of the amount of consideration for any specified service received or...

The Act notified by the Government to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit...

The term ‘copyright protection’ refers to the monopoly approved to authors by copyright law for exclusive use or reproduction.  Similar to trademark registration with the Trademark Registrar, copyright can also be registered with the Copyright Office to enjoy legal protection in a copyrightable work.  A copyright is made available in...

Suscipit quod non tempore autem iusto quis qui delectus nesciunt hic vero sed modi cumque deleniti molestias inventore iusto dicta id harum ea maxime dolor in exercitationem rerum quis sit dolor vero hic corporis ut quos reprehenderit ut omnis et iste nihil tempora. Expedita itaque corporis...