14-Apr-2025
An Advance Pricing Agreement (APA) is a formal and binding agreement between a taxpayer and a tax authority, which determines the transfer pricing methodology to be applied to certain international transactions for a fixed period in the future.
14-Apr-2025
Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the supply of goods and services in India.
12-Apr-2025
Recently, Tahawwur Rana, an accused in the 26/11 Mumbai attack, has been extradited from the US to India. Extradition treaties in India are governed by the 'Extradition Act, 1962'.
12-Apr-2025
Inheritance Tax is a direct tax levied on individuals who inherit assets or property from a deceased person.
12-Apr-2025
Inverted Duty Structure (IDS) is a phenomenon within the indirect tax system, particularly under the Goods and Services Tax (GST), where the import duties on raw materials or input goods are higher than the tax rates levied on finished goods.
11-Apr-2025
The Insolvency and Bankruptcy Code (IBC), 2016 is a comprehensive bankruptcy law enacted to consolidate and amend existing laws related to insolvency and bankruptcy for companies, individuals, and partnership firms.
11-Apr-2025
Asset Reconstruction Companies (ARCs) are specialized financial institutions that purchase Non-Performing Assets (NPAs) or bad loans from banks and financial institutions.
11-Apr-2025
The Household Savings Rate refers to the proportion of household income that is saved rather than consumed.
11-Apr-2025
Urban Cooperative Banks (UCBs) are financial institutions operating in urban and semi-urban areas of India.
11-Apr-2025
On April 9, 2025, the US has imposed new sanctions on Iran's nuclear program ahead of nuclear talks with Iran. Iran's development of nuclear weapons can pose a serious threat to the Middle East as well as overall global security.
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