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
Cross-Charge vs ISD Mechanism, Multi-Branch Entities, Rule 28 Valuation Guide

GST Cross-Charge and Input Service Distribution for Multi-Branch Businesses

Separate vendor input tax credit from actual supplies between GST registrations. Apply the mandatory Input Service Distributor rules from 1 April 2025, then use Rule 28 for valuation where branches supply one another.

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Ind AS 2 Inventories Valuation, Cost of Conversion, Net Realisable Value & Tax Audit Interplay

Ind AS 2 Inventories: Cost Formulas, Net Realisable Value & Write-Downs Guide

Exhaustive financial reporting masterclass on Ind AS 2 (Inventories) for Indian corporate entities. Details the fundamental lower of cost and Net Realisable Value (NRV) measurement principle, costs of purchase, systematic allocation of fixed and variable production overheads based on normal capacity, permissible cost formulas (FIFO vs Weighted Average; strict LIFO prohibition), item-by-item NRV write-down mechanics, reversals, and tax reconciliation under ICDS II with assureFinancials.

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Ind AS Applicability: Net Worth Thresholds, Group Entities & Voluntary Adoption

When Ind AS applies: net worth, listing and group relationships

Apply the company and NBFC roadmaps, calculate Companies Act net worth from standalone accounts, and distinguish standalone adoption from group reporting.

By Team assureOffice
Section 56(2)(x) Deemed Gift Income, Rule 11UA Share Valuation, Stamp Duty Variance & Exemptions

Section 56(2)(x) Deemed Income on Inadequate Consideration: Property, Shares & Valuation Guide

Exhaustive practitioner guide to Section 56(2)(x) of the Income-tax Act, 1961 on receipt of money, immovable property, and specified movable property for inadequate or nil consideration. Explains the ₹50,000 threshold, 10% stamp duty variance tolerance under third proviso, Rule 11UA fair market valuation of unquoted equity shares, genuine business transaction carve-outs, relative exemptions, and defense strategies with assureTax, assureITR, and assureNotice.

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Section 186 Inter-Corporate Loans, Guarantees & Investments, 60%/100% Limits, Form MBP-2 & Penalties

Section 186 Inter-Corporate Loans & Investments: Limits, Special Resolution, Form MBP-2 & Audit Guide

Exhaustive corporate secretarial guide to Section 186 of the Companies Act, 2013 and Compromises Rules. Details the 60% of paid-up capital/reserves or 100% of free reserves/securities premium threshold, prior board approval by unanimous consent, special resolution requirements, bank prior approvals, minimum interest rate benchmarked to sovereign G-Sec yields, Register of Loans in Form MBP-2, wholly owned subsidiary exemptions, and governance with assurePractice.

By Team assureOffice