New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have an option to choose from the prior regime (OLD TAX REGIME). Change in Income Tax Exemption Limit: The Tax limit has been enhanced from Rs 5Lakhs to Rs 7 Lakhs that means individual up to Rs 7 Lakh income shall be exempted and need not to make any investment to claim tax slab exemption.
Corporate governance in the business context refers to the systems of rules, practices, and processes by which companies are governed. Basically, it ensures that an organisation follows appropriate and transparent decision-making processes and that the interest of all stakeholders are protected. It works to achieve the goal of organisation and manages the relationship among stakeholders.
Central Government notifies Foreign Trade Policy, 2023 vide Notification No. 1/2023-DGFT | Dated: 31st March, 2023. This Foreign Trade Policy shall come into force with effect from 1st April, 2023. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Notification No. 1/2023-DGFT | Dated: 31st March, 2023 S.O. 1565(E).In […]
Based on the final findings of the Authorized Officer i.e., DGTR, vide Notification No. 22/6/2019-DGTR dated 30.09.2021, country-wise Quantitative Restrictions(QR) on import of Isopropyl Alcohol (IPA) have been notified for a period of one year i.e. 2023-24, effective from 01.04.2023 upto 31.03.2024. The Central Government may, however, review the policy and make any changes at […]
Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2023 shall come into force on 1st April, 2023.
Courier Imports and Exports (Clearance) Amendment Regulations, 2023 shall come into force on 1st April, 2023.
CBIC notifies commencement dates of clauses (a) and (b) of section 135 & 128 to 131 of Finance Act, 2023 (FA 2023) as 1st April 2023 vide Notification No. 21/2023-Customs (N.T.) | Dated : 31st March, 2023. Text of the Notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) Notification No. 21/2023-Customs (N.T.) | […]
Discover the impactful New Income Tax Rules effective from April 1, 2023. Changes in tax regime, slabs, rebates, standard deduction, surcharge, and more. Stay informed for efficient tax planning in the Financial Year 2023-24.
Notification No. 20/2023-Customs Dated: 31st March, 2023 giving effect to 2nd tranche of India UAE CEPA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 20/2023-Customs Dated: 31st March, 2023 G.S.R. 252(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, […]
Notification No. 20/2023- Customs (N.T.) Dated-31.03.2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notifications No. 20/2023- Customs (N.T.) Dated : 31st March, 2023 S.O. 1562(E).—In exercise of the powers conferred by sub-section (2) […]
