RBI has cautioned the general public/ residents to not to make forex transactions with Unauthorized Electronic Trading Platforms (ETPs) offering forex trading/ investments schemes with exorbitant returns, to avoid …
Accounting Standards for non-corporate entities, such as Small and Medium-sized Enterprises (SMEs), in India are determined by the Accounting Standards Board (ASB) of ICAI. These standards adhere to Indian …
The Union Budget 2022-23, while continuing with the declared policy of stable and predictable tax regime, intends to bring more reforms that will take ahead the vision to establish …
Proposed amendments for rationalisation of IT Provision on Exemption Schemes for Charitable Trust/ Institutions, vide different clauses of the Finance Bill 2022 (budget 2022-23): 1. Income of any fund …
Amendments proposed for withdrawal of exemption under clauses (8), (8A), (8B) and (9) of section 10 of the Income-tax Act, 1961 from AY 2023-24 and onwards, vide Clause 4 of …
Amendment proposed in the provisions of section 248 of Income-tax Act and insertion of new section 239A, vide Clauses 66, 68 and 69 of the Finance Bill 2022 (budget …
Amendments proposed in Section 79 of the Income Tax Act to facilitate strategic disinvestment of public sector companies, vide Clause 18 of the Finance Bill 2022 (budget 2022-23), to …
Amendment proposed in the definition of the term “slump sale” u/s 2(42C) of the Income Tax Act, vide clause 3 of the Finance Bill 2022 (budget 2022-23): 1. Slump …
Amendments proposed to disallow any set off of loss in the cases under search/ survey, the term “undisclosed income”, by inserting new Section 79A of the Income Tax Act, …
Amendment proposed in the provisions in S. 272A of the Income Tax Act, vide Clause 78 of the Finance Bill 2022 (budget 2022-23), to enhance penalty from Rs. 100 …