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MSME Payment Rule: A Comprehensive Overview
Section 43B(h) of the Finance Act, 2023 established the MSME 45-day payment rule, which went into force on April 1, 2024. Businesses...
Dipali Waghmode
Jan 78 min read
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Permanent Establishment: Understanding Tax Implications for Multinational Corporations
Permanent Establishment (PE) is a critical concept in international taxation, defining the conditions under which a business entity may...
Dipali Waghmode
Sep 19, 20249 min read
924
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Additional Depreciation: A Comprehensive Guide for Businesses in India
Additional depreciation is a tax deduction that allows businesses to claim an extra percentage of depreciation on top of the regular...
PRITI SIRDESHMUKH
Sep 6, 20248 min read
3,432
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Section 43B of Income Tax Act: Deductions on Actual Payments Basis
Section 43B of the Income Tax Act plays a crucial role in regulating how businesses claim deductions for certain expenses, such as...
Rashmita Choudhary
Aug 16, 202410 min read
4,538
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Section 115BAA of the Income Tax Act- A Comprehensive Overview
On September 20, 2019, the Government of India implemented Section 115BAA using the Taxation (Amendment) Ordinance 2019. The Income Tax...
Nimisha Panda
May 23, 20248 min read
9,892
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Depreciation as per Income Tax Act: Depreciation Rates for FY 2023-2024
Depreciation is the inevitable deterioration that assets experience over time. It may seem straightforward in ordinary situations, but it...
PRITI SIRDESHMUKH
May 14, 202413 min read
9,077
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