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...
SEBI

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All About STRUCTURED DIGITAL DATABASE Certificate Unpublished Price Sensitive Information Regulation 2(1)(n) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 defines the expression ‘unpublished...
NITI Aayog

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,...
GST

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)...
Cryptocurrency

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 vs MISTRY

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

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

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...
SAT

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,...
GST Council

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

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

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 Audit

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

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,...
IPO

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

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...
RBI

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.

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

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...
Central Govt. extends the Emergency Credit Line Guarantee Scheme (ECGLS) to November 30, 2020

Central Govt. extends the Emergency Credit Line Guarantee Scheme (ECGLS) to November 30, 2020

On Monday this week, the Government of India has announced the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs by one...
Rs.2,200 Cr. released by Central Govt. for Air Quality Improvements to 15 States

Rs.2,200 Cr. released by Central Govt. for Air Quality Improvements to 15 States

The Government of India, Ministry of Finance has issued Rs.2,200 Crores as the first instalment to 15 States for undertaking the improvement of Air...
In Uttar Pradesh the I-T department conducts searches.

In Uttar Pradesh the I-T department conducts searches.

On October 28, 2020, the Income Tax (I-T) Department had started an investigation in the case of a Bijnor based group engaged in Real...
In Tamil Nadu the I-T department conducts searches.

In Tamil Nadu the I-T department conducts searches.

On October 28, 2020, the Income Tax (I-T) Department has carried out searches at 22 premises in Coimbatore, Erode, Chennai and Namakkal in Tamil...
CBDT clarifies that Declarants under Vivad Se Vishwas scheme have time till March 31 to make payment

CBDT clarifies that Declarants under Vivad Se Vishwas scheme have time till March 31...

On Wednesday, the Central Board of Direct Taxes (CBDT) has issued a clarification in respect of direct tax under Vivad Se Vishwas Act, 2020,...

I-T Dept. conducts searches in Delhi- NCR, Goa & other states.

On Monday this week, the Income Tax Department has conducted search and seizure actions in about 42 premises spread across Delhi- NCR, Haryana, Punjab,...
CBI registers case against Senior Accountant of AG Office Imphal & recovers Rs 54.45 lakh cash

CBI registers case against Senior Accountant of AG Office Imphal & recovers Rs 54.45...

The Central Bureau of Investigation (CBI) has registered a case against a Senior Accountant, working in the office of Accountant General, Imphal (Manipur) for...
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