Year: 2025

TReDS Registration: A Conversational Guide for Your Website Welcome to the world of Trade Receivables Discounting System (TReDS)—a platform designed to empower Micro, Small, and Medium Enterprises (MSMEs) by simplifying access to working capital. Let’s walk you through everything you need to know about TReDS registration in a conversational and easy-to-understand manner. What is TReDS […]

Corporate Social Responsibility (CSR) means the voluntary contributions made by companies to a better society and a cleaner environment. It is a concept whereby companies integrate social and other useful concerns in their business operations for the betterment of their stakeholders and society in general. However, Section 135 of the Companies Act, 2013 (“Act”) provides that certain companies must mandatorily contribute a […]

HR: “Finance? We’ve already rolled out the salary increments—just process the payroll.” Sales: “We just closed a $5M deal—Finance can figure out the payment terms later.” Operations: “We moved the inventory last month. Wait, you needed documentation?” And then, the storm hits: ⚠️ Payroll discrepancies ⚠️ Missing inventory ⚠️ Cash flow bottlenecks ⚠️ Unpaid vendors […]

In a bid to foster a business-friendly environment and stimulate economic growth, the Indian government introduced Section 115BAA under the Income Tax Act, 1961. This provision offers domestic companies an opportunity to significantly reduce their corporate tax burden, enabling them to compete more effectively in the global market. Let’s dive into the features, eligibility, and […]

In a significant development in Indian legal jurisprudence, the Bombay High Court has made an important ruling regarding the relationship between Mediclaim insurance and compensation under the Motor Vehicles Act, 1988. The case, The New India Assurance Co. Ltd. v. Mrs. Dolly Satish Gandhi & Anr., has set a crucial precedent, affirming that the compensation […]

India is one of the largest agricultural producers in the world, and to facilitate and promote the export of agricultural and processed food products, the Agricultural and Processed Food Products Export Development Authority (APEDA) was established. APEDA plays a crucial role in ensuring that Indian agri-products meet global standards, thereby boosting international trade. What is […]

Section 131 of the Companies Act, 2013 deals with Voluntary Revision of Financial Statements or Board’s Report. If it appears to the Directors of a Company that the Financial Statements or Board’s Report of the Company do not comply with the provisions of Section 129 and Section 134 of the Companies Act, 2013, they may prepare revisedFinancial […]

Unlocking Financial Stability: Understanding Section 43B(h) of the Income Tax Act The introduction of Section 43B(h) in the Income Tax Act by the Finance Act of 2023 marks a significant step towards enhancing the financial health of Micro and Small Enterprises (MSEs) in India. This provision is designed to ensure timely payments from larger businesses […]

📢 Important Update: Half-Yearly Return Submission to MCA All companies must now submit a six-monthly return listing MSME suppliers whose payments have been delayed beyond 45 days. This initiative enhances transparency and accountability in business transactions. ⚠️ Note: This does NOT affect the MSME-1 Return, which is still required for the period of October to […]

Additional depreciation is a tax incentive provided under Section 32 of the Income Tax Act, 1961, aimed at encouraging businesses to invest in new machinery and equipment. This additional depreciation allows businesses to claim an extra percentage of depreciation on top of the regular depreciation for eligible assets. Key Features of Additional Depreciation Eligibility Criteria: […]