GST TDS Return (GSTR-7) Due Dates Extended by CBIC
CBIC has extended the due date for filing of monthly GSTR-7 (GST TDS Return) by registered persons responsible to deduct tax at source u/s 51 of the CGST Act, …
MCA’s Condonation Scheme for Delay in Filing LLP Forms (3, 4, 11)
MCA has introduced Condonation Scheme for Delay in Filing LLP Forms 3, 4 & 11, in view of difficulties being faced by stakeholders.
CBDT Amends I-T Rule 3: Perq Value of Residential Accommodation
CBDT Notifies Revised Income Tax Rule 3(1) for determination of value of perquisite in respect of residential accommodation provided by employer, effective September 1, 2023.
RBI Guidelines on Switching/Reset of Floating Interest Rate Loan EMIs
Explore RBI's transparent lending guidelines for SCBs, NBFCs, and HFCs, offering interest rate flexibility and borrower empowerment in India's financial landscape.
RBI’s Revised Guidelines on Penal Charges in Loan Accounts
RBI's new guidelines on penal charges in lan accounts to ensure fairness, transparency, and credit discipline, effective from January 1, 2024.
CBDT Amends I-T Rule 26: Exchange Rate for TDS on Forex Payments
An overview of the CBDT's latest amendment to Income Tax Rule 26, outlining specified exchange rates for TDS on foreign currency payments.
RBI Launches UDGAM: Centralised Portal for Unclaimed Bank Deposits
RBI's UDGAM portal, launched to assist public in finding and claiming unclaimed deposits across banks, to be fully operational by 15th October 2023.
CBDT Clarifications on Exemption u/s 10(10D): Receipts from Life Insurance Policies
CBDT clarifies applicability of exemption u/s 10(10D) in respect of receipts from Life Insurance Policies in different situations, vide Circular 15/2023.
ICAI Guidance Note 2023 on ‘Financial Statements of LLPs’
ICAI has released Guidance Note 2023 to standardize ‘Financial Statements of Limited Liability Partnerships (LLPs)’, for comprehensive financial reporting, from FY 2024-25.
New I-T Rule 11UACA: Taxable Receipts from Life Insurance Policies
CBDT notifies new I-T Rule 11UACA on Computation of income chargeable to tax under section 56(2)(xiii) in respect of Receipts from Life Insurance Policies.