IndiaLaw by assureOffice

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

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312 articles
Section 44AD Business Presumptive Scheme, Section 44AE Goods Carriages, 5-Year Lock-In Opt-Out

Section 44AD vs Section 44AE Presumptive Taxation: ₹3 Cr Turnover Limit, 6%/8% Profits, Vehicle Slabs & 5-Year Lock-In Guide

Comprehensive technical masterclass on presumptive taxation under Section 44AD for small businesses and Section 44AE for goods carriage transporters under the Income-tax Act, 1961. Analyzes the enhanced ₹3 Crore turnover ceiling under Finance Act 2023, the 6% digital vs 8% cash profit split, heavy vehicle monthly tonnage rates, the dreaded 5-year lock-in opt-out penalty under Section 44AD(4), Section 44AB(e) tax audit triggers, and tax filing automation using assureTax and assureITR.

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FEMA Non-Debt Instruments (NDI) Rules 2019, Downstream Investment by FOCC, Sectoral Caps & Form DI

FEMA Non-Debt Instruments (NDI) Rules 2019: FDI vs FPI, Downstream Investment by FOCC & Form DI Compliance Guide

An exhaustive cross-border regulatory masterclass on the FEMA Non-Debt Instruments (NDI) Rules, 2019, deconstructing FDI vs FPI thresholds, downstream investment by Foreign Owned or Controlled Companies (FOCC), Rule 23 leverage prohibitions, Form DI filings on FIRMS, and Press Note 3 scrutiny.

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Section 143(12) Fraud Reporting (Form ADT-4), Resignation (Form ADT-3) & IFCoR Audit

Companies Act 2013 Auditor Reporting: Section 143(12) Fraud in Form ADT-4, Resignation in Form ADT-3 & IFCoR Guide

An exhaustive statutory audit and corporate governance treatise on Section 143(12) fraud reporting in Form ADT-4, premature auditor resignation in Form ADT-3 under Section 140, Section 140(5) NCLT debarment risks, and Internal Financial Controls over Financial Reporting (IFCoR) audit opinions under Section 143(3)(i).

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FCRA 2010 Compliance, SBI NDMB Mandate, Sub-Granting Ban & Section 12AB Cross-Over

FCRA 2010 Compliance & Charitable Trusts: SBI Main Branch Mandate, Sub-Granting Ban & Section 12AB Guide

An exhaustive governance and tax guide to Foreign Contribution Regulation Act (FCRA) 2010 compliance for charitable trusts, analyzing the 2020 amendments, the absolute ban on sub-granting under Section 7, the SBI New Delhi Main Branch account mandate under Section 17, 20% administrative expense caps, and the lethal cross-regulatory cancellation risk under Section 12AB(4).

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TNMM Transfer Pricing Benchmarking, Database Filters & Working Capital Adjustments Guide

Conducting Transfer Pricing Benchmarking using TNMM: Database Selection, Qualitative Filters, and Working Capital Adjustments

An exhaustive practitioner masterclass on applying the Transactional Net Margin Method (TNMM) under Section 92C of the Income-tax Act, 1961 and Rule 10B(1)(e). Covers database selection, quantitative and qualitative screening filters, tested party selection, choice of Profit Level Indicator (OP/OC, OP/OR, Berry Ratio), working capital adjustment mathematical formulas, capacity underutilization defenses, and audit strategy before the TPO and DRP with assureTP.

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Form 13 Lower Deduction Certificate u/s 197 / Section 195(2) / Section 195(3) & TRACES Compliance

Section 197 & Section 195(2) Lower Withholding Certificates: Form 13 Filing, Estimated Tax Modeling & TRACES Guide

Comprehensive technical masterclass on obtaining Nil and lower tax withholding certificates under Section 197, Section 195(2), and Section 195(3) of the Income-tax Act. Covers TRACES Form 13 digital processing, Rule 28AA estimated tax rate calculations, Section 206AA/206AB overrides, non-resident property sales, EPC contractor margins, and workflow integration with assureTax and assureITR.

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GST on Software Licensing, SaaS Subscriptions, OIDAR Services, Import RCM & Section 195 TDS

GST on Software Licenses, SaaS & Cross-Border IP: Goods vs Services, OIDAR Interplay, Import RCM u/s 5(3) & Withholding u/s 195 Guide

An exhaustive cross-border technology and indirect tax masterclass on software licensing, SaaS subscriptions, and intellectual property transfers under GST, deconstructing Schedule II classifications, Reverse Charge Mechanism (RCM) on import of services, OIDAR compliance, the Engineering Analysis direct tax dichotomy, and ITC recovery.

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Section 73-76 Acceptance of Deposits & Form DPT-3 Annual Return

Acceptance of Deposits under Section 73 to 76 & Form DPT-3: Exempted Loans, Director Advances & Annual Reconciliation Traps Guide

An exhaustive corporate law and secretarial compliance masterclass on Section 73 to 76 of the Companies Act, 2013 and Form DPT-3, analyzing Rule 2(1)(c) exempted deposits, director loan declarations, 365-day commercial advance traps, CCD 10-year tenure limits, CARO 2020 Clause (v) reporting, and Section 76A penalty defense.

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Ind AS 8 Accounting Policies, Changes in Accounting Estimates, Prior Period Errors & Restatements

Ind AS 8 Accounting Policies, Estimates & Errors: Retrospective Restatements Guide

Exhaustive financial reporting masterclass on Ind AS 8 (Accounting Policies, Changes in Accounting Estimates and Errors) for Indian corporate entities. Details the hierarchy for selecting accounting policies, retrospective application vs prospective accounting, distinguishing policy shifts from estimate changes, mandatory retrospective restatement of material prior period errors, impracticable exceptions, third balance sheet mandates under Ind AS 1, and disclosures with assureFinancials.

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Ind AS 12 Income Taxes, Deferred Tax Asset/Liability, Tax Base Balance Sheet Approach & MAT Credit

Ind AS 12 Income Taxes: Deferred Tax Asset & Liability Recognition, Tax Base & Loss Carry-Forward Guide

Comprehensive financial reporting guide to Ind AS 12 (Income Taxes) for corporate preparers and auditors. Details the balance sheet liability approach, temporary differences (taxable vs deductible), determining the tax base of assets and liabilities, stringent recognition criteria for Deferred Tax Assets (DTA) on unused tax losses (probable future taxable profits), Minimum Alternate Tax (MAT) credit entitlement, OCI tax allocations, and disclosures with assureFinancials.

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Section 269SS & 269T Cash Loans, ₹20,000 Threshold, Journal Entries & Section 271D/271E Penalties

Section 269SS & Section 269T Cash Loan Restrictions: ₹20,000 Limit, Journal Entries & Penalty Guide

Exhaustive practical masterclass on Section 269SS and Section 269T cash acceptance and repayment restrictions under the Income-tax Act, 1961. Details the ₹20,000 aggregate threshold across loans, deposits, and specified sums (immovable property advances), 100% equal penalty provisions under Section 271D and Section 271E, book journal entry controversy and High Court rulings, 'reasonable cause' defense under Section 273B, and tax audit reporting under Form 3CD Clause 31 with assureTax.

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Ind AS 115 Revenue Recognition, 5-Step Model, Performance Obligations, Contract Costs & Disclosures

Ind AS 115 Revenue Recognition: 5-Step Model, Performance Obligations, Contract Costs & Audit Guide

Comprehensive financial reporting guide to Ind AS 115 (Revenue from Contracts with Customers) for corporate preparers and auditors. Details the 5-step revenue framework (contract identification, distinct performance obligations, transaction price with variable consideration, allocation using stand-alone selling prices, point-in-time vs over-time satisfaction), contract assets/liabilities, contract acquisition costs, and disclosure models with assureFinancials.

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