We have published below AML & CFT guidelines for professionals with Certificates of Practice (CoP) from ICAI, ICSI, and ICMAI. These guidelines aim to prevent money laundering, terrorist financing, and proliferation financing activities. It covers reporting obligations, risk assessments, and the role of Statutory Bodies (SRBs) in supervision and monitoring. The AML & CFT guidelines […]
Andhra Pradesh High Court held that suspension of Customs Broker Licence is against the principles of natural justice as Managing Director being in the judicial custody couldn’t have any opportunity to submit his explanation.
CESTAT Ahmedabad held that there is no requirement of the actual use of inputs and quantities of imported goods for claiming DFIA i.e. Duty-Free Import Authorization benefit.
Get answers to 41 frequently asked questions about the POEM (Place of Effective Management) concept for companies located outside India but controlled from India. Understand the implications, criteria, and international perspectives on POEM.
The ITAT Delhi nullifies the penalty imposed under Section 271(1)(c) of the Income Tax Act on Meena Singhal, as the notice issued did not specify the particular charge.
When it comes to securing your family’s financial future, term insurance is an essential protection plan that provides financial security to your loved ones in the event of your demise. It is the purest form of life insurance that covers you and your family.
Discover why cash payments should be avoided for personal and business transactions. Learn about the deductions affected and the potential consequences of using cash. Stay compliant with tax regulations.
Dive into the world of Indian taxation with insights into direct and indirect taxes. Explore the nuances of Income Tax, Gift Tax, Wealth Tax, and more under direct taxes. Uncover the impact of Service Tax, Value Added Tax (VAT), Customs Tax, and others as part of indirect taxes. Stay informed on the ever-evolving tax landscape.
In-depth analysis of GST exemption on the supply of printing services such as test papers, OMR sheets, and other documents to educational institutions.
Explore the intricacies of tax audit and the interlink between sections 44AB, 44AD, and 44ADA of the Income Tax Act for the Assessment Year 2023-24. Understand the applicability conditions, thresholds, and amendments that impact businesses and professionals. A comprehensive flowchart is provided to help assess the necessity of a tax audit. Stay informed for informed financial decisions.
