"25 May 2023" Archive

Taxation & TDS on winnings from Online Games – Section 115BBJ and 194BA

Government vide its notification no. 28/2023 dated 22 May 2023, introduced rule 133 under Income Tax Rules (the Rule) to provide the mechanism of calculation of the net winnings. While computing the net winnings following terms have been defined which will be used in formula for computation....

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Posted Under: Income Tax |

How to file ITR-1 for Salaried Individuals

Introduction Filing income tax returns (ITR) is an essential responsibility for salaried individuals in India. The ITR-1 form is specifically designed for individuals with income from salary, pension, or interest. This article aims to provide a step-by-step guide to help salaried individuals file their ITR-1 accurately and efficiently. He...

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Posted Under: Income Tax |

Empanelment of Concurrent Auditors With Canara Bank

Canara Bank invites application for empanelment as Concurrent Auditors for conducting Concurrent / Continuous Audit for the period from 01.07.2022 to 30.06.2023....

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SC directives on Implementation of Sexual Harassment of Women at Workplace Act

Aureliano Fernandes Vs State of Goa (Supreme Court of India)

In a judgment issued on May 12, SC highlighted serious lapses and uncertainty in implementation of Protection of Women from Sexual Harassment (PoSH) Act, which has forced many working women to leave their jobs....

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Toll Collection Rights – An intangible Asset

Toll Collection Rights are licenses granted to developers of public utility services, allowing them to collect tolls as a means to recoup their investments in the respective projects. According to Section 52 of the Indian Easements Act, 1882, a license is a permission granted by the property owner for specific activities on their immovabl...

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Posted Under: Income Tax |

One Person Company (OPC): Benefits, Legal Status and Exemptions

The Companies Act 2013 introduced the concept of a One Person Company (OPC), allowing the formation of a company with only one person as a member and director, as per Section 2(62) of the Act. This article highlights the benefits of OPC, including reduced compliances, ease of formation, lower costs, ease of management, and access [&hellip...

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Posted Under: Income Tax |

ITR 4 – Validation Rules for A.Y. 2023-24

Central Board of Direct Taxes, e-Filing Project ITR 4 – Validation Rules for AY 2023-24 – Version 1.0 – 23rd May 2023 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor, Jhandewalan Extension New Delhi – 11 1 Purpose The Income Tax Department has provided free return preparation software in downloads pa...

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Posted Under: Income Tax |

ITR 2 – Validation Rules for A.Y. 2023-24

Income Tax Department Central Board of Direct Taxes, e-Filing Project ITR 2 – Validation Rules for AY 2023-24 – Version 1.0 – 23rd May 2023 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 2 – Validation Rules for AY 20...

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Posted Under: Income Tax |

ITR 1 – Validation Rules for A.Y. 2023-24

Central Board of Direct Taxes, e-Filing Project ITR 1 – Validation Rules for AY 2023-24 Version 1.0 – 23rd May 2023 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor, Jhandewalan Extension New Delhi – 110055 Purpose The Income Tax Department has provided free return preparation software in downloads page whic...

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Posted Under: Income Tax |

SEBI releases Model Tripartite Agreement for Share Transfer Agents

Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/79 25/05/2023

SEBI has vide Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/79 on May 25, 2023, introduced a model Tripartite Agreement for share transfer agents. The agreement is in accordance with Regulation 7(4) of SEBI LODR Regulations, 2015, and requires listed companies to enter into a tripartite agreement with the existing share transfer agent...

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