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
Form 3CD Clause 16 & Section 28 Business Income Inclusions

Tax Audit Form 3CD Clause 16 & Section 28 Disclosures: Capital Subsidies, Export Incentives, Debt Waivers u/s 41(1) & Perquisites u/s 28(iv) Guide

An exhaustive direct tax audit guide to Form 3CD Clause 16 and Section 28 business income inclusions, analyzing export incentives under Section 28(iiia)-(iiie), amended benefit/perquisite rules under Section 28(iv) and Section 194R, capital vs revenue subsidies under Section 2(24)(xviii), debt remissions under Section 41(1) vs Ind AS 20, and judicial defense strategies.

By Team assureOffice
Section 10(23C) Approvals, Sub-clauses (iv)/(v)/(vi)/(via), Form 10A vs 10AB, 85% Application

Section 10(23C) Educational & Medical Institutions Guide: Form 10A/10AB Approval, 85% Application & Form 10BB Audit Traps

Comprehensive technical masterclass on navigating tax exemptions for schools, universities, and hospitals under Section 10(23C) of the Income-tax Act. Details the ₹5 Crore threshold under sub-clauses (iiiad)/(iiiae), Form 10A provisional vs Form 10AB regular approvals, the single-regime election bar against Section 12AB, 85% annual application mandates, and Form 10BB audit reporting using assureTax and assureFinancials.

By Team assureOffice