Navigate the complexities of cryptocurrency taxation in India with this comprehensive overview. Explore the classification, tax implications for trading, mining, salary, and GST on cryptocurrencies. Understand the reporting requirements and stay informed on the evolving tax landscape. Disclaimer: Consult a qualified tax professional for personalized advice.
Cryptocurrency, a revolutionary digital form of currency, has taken the financial world by storm. Born out of the desire for decentralized and secure transactions, cryptocurrencies have evolved from a mere concept to a booming global phenomenon. In this article, we will explore the formation of cryptocurrencies, their potential, and their future in India, along with the latest highlights in the crypto space.
Social Audit Framework developed by ICAI provides a social auditor guidance for conducting a social audit. The social audit framework is applicable from the date of its hosting on ICAI website. Social Audit Framework does not cover any elements of a financial audit or review, which may be covered by relevant auditing/review standards.
AAR ruled that ‘Kandi Ravo’ the unmanufactured tobacco, made by crushing tobacco refuse and mixing it with natural clay & water is appropriately classifiable under tariff entry 24013000 and the assessee is liable to pay 28% GST on supply of such goods.
Explore the crucial clarifications on GST refunds from the 50th GST Council meeting. Navigate updates on accumulated input tax credit, undertaking in FORM RFD 01, and determination of adjusted total turnover. Gain insights into admissibility of refunds for exporters complying with rule 96A. Stay informed on the latest developments to streamline your GST refund claims.
Details on the 2023 Quality Control Order from India’s Ministry of Commerce and Industry enforcing quality standards for bolts, nuts, and fasteners.
Compliance with the Companies Act is of utmost importance for businesses to ensure smooth operations and mitigate legal complications. The ready-to-use compliance requirements chart presented above encompasses various crucial aspects, such as Annual Return certification and signing by Company Secretaries (CS), the formation of Audit and Nomination & Remuneration Committees, reporting Board evaluation processes, adhering […]
CESTAT Chandigarh rules in favour of the Department in a case involving refund claims filed under Section 27 of the Customs Act. The tribunal asserts that duty was correctly paid and unjust enrichment was not established.
SEBI issues circular on restricting trading by Designated Persons (DPs) through PAN freezing at security level for the top 1,000 BSE companies based on market capitalization as of June 30, 2023
Unlock the complexities of Income Tax on Shares in this comprehensive guide. Explore classifications, Capital Gains, PGBP, and navigate 44AD, 44AB, and Regular provisions. Understand taxation on listed shares for both delivery-based and non-delivery-based trading. Gain practical insights on reporting, tax rates, and effective strategies for profits and losses.
