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
Form GSTR-9 & Form GSTR-9C: Comprehensive Table-by-Table Filing & Audit Architecture

GST Annual Return Form GSTR-9 and Reconciliation Statement Form GSTR-9C: Table-by-Table Audit & True-Up Guide

An exhaustive GST compliance masterclass on filing Form GSTR-9 (Annual Return) and Form GSTR-9C (Self-Certified Reconciliation Statement), providing table-by-table audit mechanics, turnover reconciliations, ITC true-ups across GSTR-2B, spillover reporting, Section 50 interest, and Form DRC-03 voluntary payments.

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Section 90 Significant Beneficial Ownership (SBO), 10% Threshold, Forms BEN-1 to BEN-4 & Penalties

Significant Beneficial Ownership (SBO) under Section 90: Identification, Forms BEN-1 to BEN-4 Guide

Exhaustive corporate secretarial guide to Significant Beneficial Ownership (SBO) under Section 90 of the Companies Act, 2013 and SBO Rules, 2018. Explains the 10% shareholding, voting rights, distributable dividend, and significant influence/control thresholds, indirect holding determination through corporate layers, trust holding rules, Form BEN-1 declarations, Form BEN-2 ROC returns, Form BEN-3 register, Form BEN-4 notices, NCLT restrictions, and workflows with assurePractice.

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IT & SaaS Schedule 3 Format, Service Revenue Recognition, Export Invoicing, assureFinancials

Schedule 3 Financials Format for IT, SaaS & Service Providers: Complete Balance Sheet, P&L & Export Revenue Presentation

A comprehensive corporate accounting guide to preparing Schedule 3 financial statements for IT, SaaS, and service export companies in India. Covers revenue recognition under AS 9 / Ind AS 115, unearned subscription revenue, capitalized R&D software under AS 26, foreign exchange translation, and cloud preparation in assureFinancials.

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GST on Real Estate: Joint Development Agreements (JDA), TDR RCM & Notification 3/2019 Compliance

GST on Real Estate & Construction: JDA, TDR Reverse Charge & Notification 3/2019 Guide

An exhaustive indirect tax treatise on real estate GST compliance post-Notification No. 3/2019-CT(Rate), analyzing 1% and 5% non-ITC tax rates, Joint Development Agreement (JDA) time of supply under Notification No. 6/2019, TDR/FSI reverse charge mechanics under Section 9(3), unbooked apartment liabilities at Completion Certificate, and the 80% registered procurement mandate under Section 9(4).

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Section 40(b) Partner Remuneration, 12% Interest on Capital, Partnership Deed, Book Profit

Partner Remuneration & Interest Calculation under Section 40(b): Drafting Partnership Deeds to Minimize Tax Litigation

A definitive technical guide to partner remuneration and interest on capital under Section 40(b) of the Income-tax Act, 1961. Explains Book Profit computation, the ₹3 Lakh/₹30 Lakh slab limits, 12% simple interest cap, drafting tax-proof partnership clauses, and automated financial modeling in assureFinancials and assureTax.

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Ind AS 21 Foreign Currency Translation, Multi-Currency Consolidation, Functional Currency, FCTR

Multi-Currency Consolidation under IFRS / Ind AS 21: Translating Foreign Operations and Managing Translation Reserves

An authoritative financial reporting masterclass on multi-currency consolidation under Ind AS 21 and IAS 21. Details functional currency determination, foreign operation translation methods, Foreign Currency Translation Reserve (FCTR) accounting in OCI, net investment loan hedging, and Schedule III reporting.

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SAP Business One Schedule 3, ERP Trial Balance, Corporate Year-End Financials, assureFinancials

SAP Business One & ERP Trial Balance to Schedule 3 Financials: Automating Corporate Year-End Financial Statements

An advanced corporate accounting and statutory audit guide for converting SAP Business One and enterprise ERP multi-segment trial balances into compliant Schedule 3 financials. Explains chart of accounts segmentations, cost center reconciliations, smart auto-grouping of 95%+ ledgers, and one-click multi-format export in assureFinancials.

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FLA Return RBI Portal, Foreign Liabilities and Assets, FDI/ODI Balance Sheet Matching, LSF Penalty

Annual FLA Return Filing on RBI Portal: Practical Compliance Guide, Balance Sheet Matching, and Late Penalties

A complete operational and regulatory compliance guide for filing the annual Foreign Liabilities and Assets (FLA) return on the RBI online portal. Explains mandatory July 15 deadline, linking audited Balance Sheet net worth figures with FDI and ODI reporting, handling unaudited accounts, Late Submission Fees (LSF), and compliance workflows in assurePractice.

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AS 21: subsidiary consolidation working papers

AS 21 Subsidiary Consolidation: Full Line-by-Line Inclusion, Goodwill and Intragroup Eliminations

Under AS 21, a controlled subsidiary normally enters consolidated statements in full, with minority interests presented separately. Build an acquisition-equity bridge, distinguish pre- and post-acquisition reserves, and eliminate intragroup balances and unrealised profits without multiplying every line by ownership.

By Team assureOffice