FEM Regulations 2022
The Indian entity may lend or invest in any debt instrument issued by a foreign entity or extend non-fund based
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The Indian entity may lend or invest in any debt instrument issued by a foreign entity or extend non-fund based
Economic survey includes an analysis of the economic performance, key trends, and outlook for the current financial year, along with
CBDT Circular No. 6: Relief for TDS/TCS Deductors on PAN-Aadhaar Linkage The Central Board of Direct Taxes (CBDT) has taken
Implementation of e-Verification Scheme-2021 The Income Tax Department has spotted mismatches in interest and dividend income data from third parties
Audit Trail and Back-Up Verification BackGround a.) Additional Reporting for Statutory Auditors: As per the Companies (Audit and Auditors) Rules,
Amendment in Section 115A of Income Tax Act-ROYALTY/FTS BackGround One of the key and major amendments introduced while passing the
Legal Entity Identifier (LEI) The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial
Dematerialization of Securities by Private Limited Companies The Ministry of Corporate Affairs, vide notification dated October 27, 2023, has made
Failing to file Form 10C Could Lead to Imposition of Higher Rate of Taxes Please find enclosed a recent judgment
Order by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli Registrar of Companies, Gujarat, Dadra & Nagar Haveli has
Revision in Valuation of Rent Free Accommodation Under the Income Tax Act, 1961 The Central Board of Direct Taxes (‘CBDT’)
Updates of 50th GST Council Meeting On July 11, 2023, the 50th GST council meeting was held in New Delhi,
Inoperative PAN : Income Tax Department Issues Clarifications for NRIs, OCIs Several non-resident Indians (NRIs) and Overseas Citizenship of India
Deadlines for Submission of Certain TDS/TCS Statements Extended. The press-release by The Central Board of Direct Taxes dated 28th June,
Key Takeaways from latest CBDT Press Release The Central Board of Direct Taxes clarifies that payments made by an individual
PAN-Aadhaar Linking Due date for linking the PAN with Aadhaar is June 30, 2023. Failure to do so will lead
Timelines for Issue of Objections or Suggestions & Confirmation Order w.r.t Mergers or Amalgamations Ministry of Corporate Affairs (MCA) has
Special All India GST Drive to Detect Fake GSTINs CBIC vide Instruction No-01/2023-GST dated 04.05.2023, has announced that a special
Applicability of e-invoicing from August 1, 2023, onwards. CBIC vide notification no. 10/2023- Central Tax dated 10th May 2023, extended
GSTN has issued an updated advisory on time limit for Reporting of E Invoices on the IRP Portal as on
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 12, 2023 on time limit for Reporting
The CBIC has notified the much-anticipated amnesty scheme through Central Tax Notifications dated 31st March 2023.
The CBDT vide Notification No. 21/2023, dated 10-04-2023, has notified ‘348’ as the Cost Inflation Index (provisional) for the Financial
Employer to Deduct tax as per new tax regime if employee didn’t intimate about opting of old regime
The Ministry of Finance has notified Mahila Samman Savings Certificate, 2023 that offers 7.5% per annum interest rate on deposit
The Central Board of Direct Taxes(‘CBDT’) has substituted Rule 114AAA to notify consequences that shall apply if a PAN becomes
Enclosed is the press release issued by the Central Board for Direct Taxes (CBDT) regarding PAN to be linked with
A person carrying on designated business or profession under section 2(1)(sa) of the PMLA, 2002 shall include exchange between virtual
The Income-tax Return (ITR) forms for the Assessment Year 2023-24. These forms are applicable for filing the return for income
MCA is launching Second set of Company Forms covering 56 forms in two different lots on updated version (3)
Every year The Central Board of Direct Taxes (‘CBDT’) issues guidelines regarding tax to be deducted at source on salary
In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest
RBI amendment in Master Direction For Import of Goods and Services.
In exercise of the powers conferred by section 247 read with section 458,459 and 469 of the Company’s Act, 2013,
In furtherance to Circular issued by IBBI dated 31/10/2022 and in consequence of amendments in Insolvency and Bankruptcy Board of
The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas
MCA has issued Companies (Specification of Definition details) Amendment Rules 2022.
IBBI prescribes minimum fees and performance incentive for Interim Resolution Professionals(IRPs)/ Resolution Professionals(RPs) under CIRP Regulations. IBBI has notified the
Removal of Names of Companies from Register of Companies MCA has issued Second Amendment Rule, 2022 in Companies (Removal of
To promote education related to culture is an eligible activity under Schedule VII of the Companies Act,2013 for CSR spending.
Advance Tax in India CBIC vide notification no. 17/2022- Central Tax dated 01st August 2022, extended the applicability of e
GST Rate Changes after 47th GST Council Meeting..
The Consumer Affairs Ministry has issued a press release which stipulate that hotels or restaurants shall not add service charge
As per clause (iv) of section 28 of the Act, the value of any benefit or perquisite, whether convertible into
All non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs) shall be required
