Latest Legal Posts
October 27, 2026 | Legal
MIS Consolidation after Acquisition: Entity Mapping, Reports, Controls
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September 30, 2026 | Legal
ESOP Grant Letter and Employee Agreement: Format, Clauses, Documents
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Other Resources
Tax Audit Applicability: Turnover Limits, Form 3CD
Three provisions of the Income-tax Act, 1961 determine whether a business or profession must get its accounts audited under Section 44AB: the gross turnover or receipts threshold, the terms of the presumptive taxation scheme the assessee opted into or avoided,…
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Decoding the Indemnification Clause
Indemnification Clause Meaning An indemnification clause or indemnity clause serves as a contractual mechanism for mitigating and re-allocating risk between two parties, ensuring compensation for financial losses that may arise due to specific events outlined in an agreement. It acts…
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Section 79: How a funding round can kill your carry forward losses
A startup spends its first two years burning cash, building product, and accumulating losses on its books. Those losses are not dead weight. Under the Income Tax Act, 1961, they are a deferred tax asset: a future claim to reduce…
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