Comprehensive Guide to gold purchases, possession limits and taxation in India
The withdrawal of Rs 2000 notes from circulation by the Reserve Bank of India (RBI) has allegedly caused a surge in individuals purchasing gold...
KPMG Faces Backlash after Clean Report Issuance on SVB and Signature Bank – Analyzing...
Accounting firm KPMG, one of the ‘Big 4’, that gave a clean chit to Silicon Valley Bank and Signature Bank, days before they collapsed,...
How co-lending is changing the way public sector banks lend.
Priority Sectors Lending is the role exercised by the RBI to banks, imploring them to dedicate funds for specific sectors of the economy like...
A glance of new insertion section 43B(h) – Payment to Micro or Small enterprise
The Finance Bill 2023 has a new insertion of clause (h) to section 43B of the Income Tax Act 1961. The said clause has...
No Set-off of losses if Income declared under presumptive schemes under section 44BB &...
Preventing misuse of presumptive schemes under section 44BB and section 44BBB.
1.Section 44BB of the Act provides for presumptive scheme in the case of a...
Proposing Tax Deductions in Budget 2023 for Alternative Tax Regime
As the 2023 Union Budget approaches, speculation is growing as to what relief measures it may contain. In the past, budgets have included benefits...
Tax Saving Options for Salaried Person
As we all know March 2023 is coming. This means financial year 2022-23 is about to end. Everyone looks for tax planning to save...
End of GST compensation to jolt six states most, says RBI
The economies of half-a-dozen states are set to be "most severely affected" because of the termination of the goods and services tax compensation programme...
Leveraging Cash Burn Audit for Chartered Accountants
Cash burn audit is a vital tool for post-investment activities in India and can be used to analyze the financial performance of companies and...
GST on EV Charging – Sale of Electricity or Service of Charging?
Where the Activity of charging qualifies as sale of Electricity, the same would be Exempted from GST. On the other hand, if it qualifies...
How to Reduce your Personal Income Tax for Salaried person in India A.Y. 2023-24
The Indian Income Tax Act, 1961 is the primary legislation governing taxation in India. It provides for all aspects of taxation, from levy and...
Structured Digital Database Compliance Certificate
All About STRUCTURED DIGITAL DATABASE Certificate
Unpublished Price Sensitive Information
Regulation 2(1)(n) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 defines the expression ‘unpublished...
After privatization of banks NITI Aayog gives job protection to the banks staff for...
Days after the NITI Aayog shortlisted the names of the public sector banks to be privatised in the current fiscal as part of the disinvestment process,...
Odisha faces Economic Challenges, reduction in Central shares, less GST Compensation.
Even as Odisha has recorded an overall GST collection of Rs 3,195.75 crore in May posting a growth of nearly 50 per cent (pc)...
RBI’s notification to banks and other regulated entities, what will be the future of...
The Reserve Bank of India on Monday issued a statement that banks and other regulated entities can not cite its April 2018 order on virtual currencies...
Tata sons legal lawyer who defended Tata against Mistry, Quits
Shuva Mandal, ace M&A lawyer and the group general counsel of India Inc’s biggest conglomerate Tata Sons has stepped down after a stint of...
RBI ordered banks for implementation of Covid-19 package
With credit offtake remaining sluggish amid the Covid pandemic, the Reserve Bank of India (RBI) on Tuesday asked private banks to ensure credit facilities to...
RBI transfers Rs.99000 crores as dividend to Govt.
The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the central government for the nine months ended March 31...
Securities Appellate Tribunal has rejected SEBI’s view, that it can’t pass orders without a...
The Securities Appellate Tribunal has rejected the stock market regulator’s argument that it cannot pass orders without a technical member on the tribunal.
The earlier technical member,...
43rd GST council meeting to be held on May 28
Finance Minister Nirmala Sitharaman on May 15 announced that the Goods and Services Tax (GST) Council will meet in the capital at 11 a.m....
SEBI removed certain restrictions for venture capital and angel funds investing in start-ups
Securities Exchange Board of India (SEBI) vide notification dated May 5, 2021 has removed out certain restrictions and has provided regulatory flexibility for venture...
SEBI puts on hold on the implementation of the diktat requiring custodians to monitor...
The Securities and Exchange Board of India (Sebi) has put on hold the implementation of the diktat requiring custodians to monitor foreign holding in depository...
Oxygen Crisis: SC called for the complete audit of the system
The allocation of oxygen across India, till now based on the number of beds and ICU usage, needs a complete revamp that takes into...
RBI governor announced measures to protect business from second wave of covid 19
RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers,...
India Pesticides Ltd(IPL) plans to raise IPO of Rs800 Crores on SEBI’s acknowledgement
Agrochemical company India Pesticides Ltd (IPL) has received capital markets regulator SEBI's nod to float an initial public offer (IPO). On February 10, the...
ONGC: Restructuring wouldn’t affect the company
Defending its business strategy, the state-run explorer, Oil and Natural Gas Corporation Ltd (ONGC) today said any "potential" restructuring of the company would not...
Second wave of Covid-19 could lead to Inflationary pressures: RBI
The second wave of covid-19 in India, if left uncontrolled, could lead to prolonged restrictions on movement and supply chain disruptions with consequent inflationary...
Bitcoins – Income Tax, GST & International Tax Havens
Taxation of Bitcoins- Income Tax, GST, Tax Havens, Income Tax Return Disclosure and Country Wise Analysis of Tax Structure
If you interested to understand the...
IT Department conducts search operations in Odisha.
The Income Tax Department has conducted search and seizure operations on December 3, 2020, in Odisha on a Group involved in the manufacturing and...
FAQs issued by I.T. dept. on UDIN
After noticing the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which deceived the authorities and stakeholders, the Institute of Chartered Accountants of...