One stop for everything related to taxes,
Our Blogs

Section 43B(h) of the Finance Act, 2023 established the MSME 45-day payment rule, which went into force on April 1, 2024. Businesses cannot deduct that expense from their taxable income in the year that it occurred if they do not pay MSMEs for the goods or services they purchased within 45 days or on the date specified in their agreement. Companies pay more taxes than they planned since they may only claim it in the year that they pay it. By guaranteeing on-time payments, thi

Permanent Establishment (PE) is a critical concept in international taxation, defining the conditions under which a business entity may...

Additional depreciation is a tax deduction that allows businesses to claim an extra percentage of depreciation on top of the regular...

Section 43B of the Income Tax Act plays a crucial role in regulating how businesses claim deductions for certain expenses, such as...

On September 20, 2019, the Government of India implemented Section 115BAA using the Taxation (Amendment) Ordinance 2019. The Income Tax...

Depreciation is the inevitable deterioration that assets experience over time. It may seem straightforward in ordinary situations, but it...