Associate TG
Sec 131 of GST Act 2017 126(1) No officer under this Act shall levy any penalty for minor violations of tax regulations or procedural requirements. Sec 131 of GST Act 2017 This includes any omission or mistake in documentation that is easily correctable and made without fraudulent intent or gross negligence. Explanation: For the … Read more
Crafting an Effective Go-To-Market GTM Strategy Crafting an Effective Go-To-Market (GTM) Strategy In the fiercely competitive landscape of modern business, having a stellar product or service isn’t always enough to guarantee success. Enter the Go-To-Market (GTM) strategy—a meticulously crafted plan designed to navigate organisations through the complexities of engaging customers, driving sales, and gaining … Read more
Property Registrations Property Registrations In today’s knowledge-driven economy, intellectual property (IP) has become a critical asset for businesses and individuals alike. Protecting these intangible assets is paramount to safeguarding innovation, creativity, and competitive advantage. One of the fundamental aspects of IP protection is through registrations with governmental authorities or authorised private registrars. In this blog, … Read more
Partners remuneration and interest Partners remuneration and interest Section 40(b) of the Income Tax Act imposes certain restrictions and conditions on the deductions allowed for expenses incurred by a partnership firm in relation to the remuneration and interest payable to its partners. Partners remuneration and interest These deductions for partner salaries and interest payments are … Read more
Cash Transactions in Audit Cases Introduction: Cash Transactions in Audit Cases In the realm of tax audits, cash transactions play a pivotal role. Understanding their importance is crucial for businesses to comply with tax regulations and ensure accurate financial reporting. This article delves into the intricate details of cash transactions within audit cases, shedding light … Read more
