IndiaLaw by assureOffice

Articles & practical guides

Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.

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312 articles
Section 197 Remuneration Limits, Section 198 Net Profit Calculation, Schedule V Loss-Making Limits

Managerial Remuneration under Section 197 & Schedule V: 11% Net Profit Cap, Inadequate Profits Limits & Form MR-1/MR-3 Guide

Comprehensive technical masterclass on managerial remuneration under Section 197 and Schedule V of the Companies Act, 2013. Explains Section 198 net profit computations, the overall 11% ceiling, tiered limits for loss-making companies based on Effective Capital, bank default creditor NOCs, recovery waivers under Section 197(10), and audit disclosures in Form MR-3 with assureFinancials and assurePractice.

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Section 188 Related Party Transactions, Audit Committee Omnibus Approval, Rule 15 & Form AOC-2

Related Party Transactions under Section 188: Omnibus Approval, Rule 15 & Form AOC-2 Guide

Exhaustive corporate secretarial guide to Related Party Transactions (RPT) under Section 188 of the Companies Act, 2013 and Rule 15. Details the arm's length and ordinary course exception, 10% materiality thresholds, Audit Committee omnibus approvals under Section 177, mandatory Form AOC-2 disclosures in Board's Report, Section 188(5) fines, and RPT governance workflows with assurePractice.

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T-Shape to Schedule 3 Vertical Format, Non-Corporate Transition, ICAI Guidance Note, assureOffice

Transitioning from Traditional T-Shape Balance Sheet to ICAI Schedule 3 Vertical Format for Non-Corporate Entities

A practical transition blueprint for Chartered Accountants, tax practitioners, and accountants migrating non-corporate clients from legacy horizontal T-shape accounts to the mandatory ICAI vertical Schedule 3 style format. Covers the ₹5 Crore turnover rule (FY 2025-26), Owners' Funds, Partner Capital Grid, and 15-minute migration in assureFinancials.

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IBC CIRP Resolution Plans & Corporate Taxation (Section 79 & 115JB MAT)

IBC Resolution Plans & Corporate Taxation: Section 79 Loss Carry-Forward, Section 115JB MAT Relief & Extinguishment of Tax Dues Guide

A definitive corporate insolvency and tax masterclass on the interplay between the Insolvency and Bankruptcy Code (IBC) 2016 and the Income-tax Act, analyzing Section 79(2)(c) loss carry-forward protections, Section 115JB(2)(iih) MAT relief on debt write-offs, capital reserve accounting, Supreme Court Ghanshyam Mishra clean slate doctrine, and Section 28A recovery procedures.

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Environment & Energy

E-waste EPR for electronics importers and private-label sellers: when are you a producer?

A business need not operate an electronics factory to be an e-waste producer. Importing covered equipment for sale or selling equipment made by another supplier under one's own brand can bring the business within the producer definition. A dealer, retailer or online selling model does not by itself remove that responsibility.

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HRA Exemption Formula, Section 10(13A) Rule 2A, Rent Receipts Format, Landlord PAN & Paying Parents

HRA Exemption Calculation Guide: Section 10(13A) Formula, Rent Receipts, Landlord PAN, and Paying Rent to Parents

A comprehensive personal tax guide on maximizing House Rent Allowance (HRA) exemption under Section 10(13A) and Rule 2A of the Income-tax Act, 1961. Explains the 3-step statutory calculation formula, Metro vs Non-Metro salary percentages, mandatory Landlord PAN reporting thresholds (>₹1 Lakh), legitimate strategies for paying rent to parents, rent agreement formatting, and defending against CPC scrutiny notices.

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Section 115BAA & 115BAB Corporate Tax, Form 10-IC & 10-ID, MAT Exemption & Deductions Forfeiture

Section 115BAA & Section 115BAB Concessional Corporate Tax: Form 10-IC, MAT & Deduction Forfeiture Guide

Exhaustive masterclass on Section 115BAA (22%) and Section 115BAB (15%) concessional corporate tax regimes. Details Form 10-IC and Form 10-ID filing rules within Section 139(1) deadlines, mandatory forfeiture of deductions (Section 10AA, additional depreciation, Chapter VI-A), lapsing of brought forward losses, permanent MAT exemption under Section 115JB(5A), Section 80M dividend deductions, and tax modeling with assureTax.

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Form 10BD Statement of Donations, Form 10BE Certificates, Section 80G & Section 115BBC

Form 10BD & Form 10BE Filing Guide: Section 80G Donation Certificates, Donor PAN Validation, Anonymous Donations u/s 115BBC & Disallowance Traps

An exhaustive operational and legal guide to Form 10BD statement of donations and Form 10BE donor certificates under Section 80G(5)(viii) and Rule 18AB, analyzing donor identification protocols, Section 115BBC anonymous donation tax traps, Form 10B/10BB audit reconciliation, Section 234G late fees, and donor AIS pre-filling.

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