Month: September 2025
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PT in AP State: Applicability to Firms and Their Partners
1️⃣ Introduction Professional Tax (PT) is a state-level tax levied under the Andhra Pradesh Tax on Professions, Trades, Callings and Employments Act, 1987 (hereinafter referred to as “APPT Act”). It…
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ICAI’s New Tax Audit Cap: 60 Tax Audits per Partner
1️⃣ Introduction The Institute of Chartered Accountants of India (ICAI) has once again demonstrated its proactive approach in safeguarding audit quality by revisiting the ceiling on the number of tax…
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Treatment of Payments to Exiting Directors Beyond Share Value – Intangible Effect
1️⃣ Introduction In India’s corporate ecosystem, it is not uncommon for promoters and directors to exit a company, either voluntarily or strategically. Sometimes, the continuing stakeholders may agree to pay…
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Fake GST Officers & Aadhaar Calls: Everything Indian Businesses Need to Know
1. Introduction In the recent past, taxpayers and registered businesses under GST have increasingly reported instances where individuals claiming to be officers of the GST Department reach out via WhatsApp…
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Unlocking SEBI LODR Regulation 23 Compliance: What You Must Know!
Are you struggling with SEBI LODR Regulation 23 compliance? This comprehensive guide covers everything from materiality thresholds to audit committee approvals for Related Party Transactions in 2025. What is SEBI…
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Applicability of GST on Reimbursements from Clients: Pure Agent vs Incidental Expenses Explained
Reimbursements are common in service contracts, particularly in audits, consulting, and advisory engagements. Professionals often incur expenses on behalf of clients which are reimbursed later. While such reimbursements are not…
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Warning! Missed Invoices Can’t Be Fixed in GSTR-3B After June 2025 – Act Now
The Goods and Services Tax Network (GSTN) is implementing a significant change in the GSTR-3B return filing process starting July 2025. From that month onwards, the liability figures auto-populated in…
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Are You Still Paying in Cash? Here’s Why You Should Think Twice in 2025
Introduction In an increasingly digitised Indian economy, paying or receiving money in cash — especially in large amounts — can land you in serious legal and tax trouble. Yet, many…
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GST on Pure Labour Services to Residential and Commercial Complexes: Rates, Exemptions & Compliance Explained
Pure labour contracts—where only manpower is provided without supplying any materials—are treated uniquely under the GST regime. Whether GST is applicable depends on the type of construction (residential or commercial),…
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Private Placement Mastery: How Smart Companies Raise Millions Using Section 42 & Rule 14 | The Ultimate Professional’s Playbook
Quick Summary for Busy Professionals: Private placement under Section 42 allows companies to raise capital from up to 200 select investors per year without public offering requirements. Key benefits: 70-80%…
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