-
NFAR Annual Report 2022-23
The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive report, offers stakeholders a holistic view of NFAR operations and acti...
-
Electricity (Amendment) Rules, 2024
Introduction: The Ministry of Power, New Delhi, has issued a crucial notification on January 10, 2024 – G.S.R. 36 (E). The Electricity (Amendment) Rules, 2024, are introduced under the authority of Se...
-
Consultation Paper on Interim Recommendations for Harmonizing ICDR & LODR Regulations
The Securities and Exchange Board of India (SEBI) has released a consultation paper outlining the interim recommendations of the Expert Committee appointed to enhance ease of doing business and harmon...
-
Additional proposals for issuance of subordinate units by REITs & InvITs
The Securities and Exchange Board of India (SEBI) has released a consultation paper seeking public input on additional proposals for the issuance of subordinate units by Real Estate Investment Trusts...
-
ICEGATE Advisory for E-scrip to avail Export Incentive Schemes (RoSCTL, RoDTEP)
Unlocking export incentives has never been more accessible with the Directorate General of Systems and Data Management’s latest advisory. Dated January 5th, 2024, Advisory No: 06/2021 introduces expor...
-
Draft Trade Marks (1st Amendment) Rules, 2024
The Ministry of Commerce and Industry has proposed significant amendments to the Trade Marks Rules, 2017. The draft rules, titled “Trade Marks (1st Amendment) Rules, 2024,” aim to enhance the adjudica...
-
Direct Tax Collections Surpass 80% of Budget Estimates for F.Y. 2023-24
Introduction: The Ministry of Finance has released the provisional figures for Direct Tax collections up to January 10, 2024, showcasing a robust performance and surpassing 80% of the total Budget Est...
-
Income Tax Raids: Unearthing a Rs. 1,000 Crore Scam in Mumbai’s Electrical Industry
Introduction: The Ministry of Finance recently announced a significant development in the financial landscape, with the Income Tax Department conducting a thorough search operation in Mumbai. The oper...
-
E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn
Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn. 5th January 2024: Blocking the generation of E-Way Bill without e-Invoi...
-
GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking exp...
-
GST Crackdown: 29,273 Bogus Firms Exposed, Evading Rs. 44,015 Cr; 121 Arrests Made
Introduction: In an intensified effort against tax evasion, the Goods and Services Tax (GST) formations, led by the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments, have un...
-
Discussion about Table 14 & Table 15 in GSTR-1: E-Commerce Reporting Simplified
Introduction: The introduction of GSTR-1 Tables 14 and 15 in January 2024 marks a transformative juncture in the Goods and Services Tax (GST) landscape. These tables, focusing on reporting e-commerce...
-
Punjab State Faculty of Ayurvedic & Unani Systems: Income Tax Notification 11/2024
The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No.11/2024 – Income Tax on 8th January, 2024. This notification pertains to the tax treatment of the ‘Punjab...
-
Section 10(46) Income Tax Exemption for Chennai Metropolitan Water Supply & Sewerage Board
The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No.10/2024 on 8th January, 2024, under the powers of section 10(46) of the Income-tax Act, 1961. This notifi...
-
PFRDA’s Proposed Amendments: Stakeholder Comments & Responses
Introduction: The PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (PFRDA) has received public comments on proposed amendments to the “Redressal of Subscriber Grievance” Regulations, 2015. This artic...
-
Ambiguity of Trust provisions under Income Tax Act: CAAS Surat Raises Concerns
Introduction: In a representation addressed to the Chairman, Central Board of Direct Taxes (CBDT), the Chartered Accountants Association, Surat (CAAS), brings attention to the ambiguity surrounding Tr...
-
Section 10(46) Income Tax Exemption for Polavaram Project Authority
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has issued Notification No. 9/2024 – Income Tax, dated January 5, 2024. This notification pertains to the P...
-
Section 10(46) Income Tax Exemption for Haryana State Board of Technical Education
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 8/2024 on Income Tax, dated 5th January, 2024. This notification specifically pertains to...
-
Section 10(46) Income Tax Exemption for Karmayogi Bharat
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 7/2024 on Income Tax, dated 5th January, 2024. This notification grants tax exemptions to...
-
Section 10(46) Income Tax Exemption for District Legal Service Authority UT Chandigarh
Introduction: The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 6/2024 -Income Tax on 5th January, 2024. This notification grants income tax exempt...