Amendments proposed in Section 94(8) of the Income Tax act, to enforce applicability of bonus stripping and dividend stripping provisions in the case of securities and units also, vide …
Amendments proposed in sections 201(1A) and 206C(7) of the Income Tax to provide clarity and to avoid litigation caused by misinterpretation, which provides to abide by the computation of …
Amendments proposed on Rationalization of provisions relating to assessment and reassessment under the Income Tax Act, vide Clauses 35, 36, 44, 45, 46, 47, 48, 49 and 73 of …
Amendments proposed in the Faceless Assessment by substituting section 144B of the Income Tax Act, vide Clause 42 of the Finance Bill 2022 (budget 2022-23), to streamline the faceless …
Amendments proposed to introduce TDS at the rate of 10% of the amount of benefit or perquisite of a business or profession, under new IT S. 194R, vide Clause …
To build globally competitive manufacturing environment, a concessional tax regime of 15% taxation was introduced by the Government for newly incorporated domestic manufacturing companies upto 31/03/2023. To continue the …
Amendments proposed for a introducing new provisions in the Income Tax Act to allow filing of updated income tax return (ITR) by the taxpayers on payment of additional tax, …
ICAI has issued an Announcement on 31/01/2022, stating that it is mandatorily required from Members to mention the Firm Registration Number (FRN), during the process of generating the UDIN …
When it comes to preparing financial statements, selecting appropriate accounting policies is crucial to ensure accuracy and transparency. The Institute of Chartered Accountants of India (ICAI) has issued Accounting …
Get a comprehensive overview of alternative accounting treatments and disclosure requirements under AS-1 of ICAI, with real-world examples.