The Institute of Chartered Accountants in India (ICAI) released Frequently Asked Questions (FAQs) on Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) and Advanced IT Course and Test.
Clarifications on the requirement for completion of Advanced ICITSS course and the Advanced IT Test there under, with reference to eligibility to appear in CA Final examination, under Final (Old) and Final (New) Syllabus.
Order No. 10 of 2018 The following postings/ transfers in the grade of Assistant/ Deputy Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-
Agricultural and Processed Food Products Export Development Authority (APEDA), is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential).
CbCR popularly known as Country-by-Country Reporting is a global transfer pricing (TP) compliance requirement under the transfer pricing laws of countries around the world. One of the major amendments in relation to the Indian TP Documentation and global compliance pertaining to the Multi National Enterprises (MNEs) Group vide Section 92D r.w.s. 286 of the Income-tax Act, 1961
Section 53 of the Companies Act, 2013 prohibited issuance of shares at a discount. The Companies Amendment Act 2017 now allows companies to issue shares at a discount to its creditors when its debt is converted into shares in pursuance of any statutory resolution plan such as resolution plan under the Code or debt restructuring scheme.
In accordance with the amendments proposed in Companies (Amendment) Act, 2017, companies are required to take care of the impacts of the same on the provisions of the Companies Act, 2013 while carrying out its operations in order to avoid non-compliance and penalties prescribed under Companies Act, 2013.
The Show Cause Notice has to be viewed in its entirety and cannot be vivisected as may be convenient for the Revenue. Thus, if a show cause notice is found as not valid or issued without jurisdiction in respect of the main protagonist, the very same SCN cannot be held as sustainable for other noticees like the appellants herein.
To understand the tax implications of Bitcoin and Other Crypto Currencies in India, the following points need to be understood under the context of the Income Tax Act: 1) Business Income – These are the profits and gains received from any business or profession carried on by the tax payer at any time during the […]
Investing your money and dealing with the associated risks is a great challenge that every investor must accept in order to reap higher returns.
