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Archive: December, 2023

Posts in December, 2023

RBI Draft Directions on Bond Forwards under Section 45W of RBI Act, 1934

December 28, 2023 1272 Views 0 comment Print

Explore the RBI Draft Directions on Bond Forwards under Section 45W of the RBI Act, 1934. Learn about market participation, settlement methods, and compliance. Deadline for feedback: January 25, 2024.

D-SIB Framework – Review of Assessment Methodology

December 28, 2023 2424 Views 0 comment Print

Discover the latest updates from the Reserve Bank of India as it revises the framework for Domestic Systemically Important Banks (D-SIBs). Learn about changes in indicators, assessment timelines, and data requirements

Ethanol Production Capacity Enhancement Scheme for Sugar Mills

December 28, 2023 1581 Views 0 comment Print

Discover the Central Government’s initiative to enhance ethanol production in sugar mills. Learn about the scheme, application process, and key deadlines for financial assistance.

Central Goods and Services Tax (Second Amendment) Act, 2023

December 28, 2023 2052 Views 0 comment Print

The Central Goods and Services Tax (Second Amendment) Act, 2023, signifies a crucial legislative development in the tax domain. Enacted by the Ministry of Law and Justice, Legislative Department, Government of India, this amendment received the presidential assent on December 28, 2023. The primary focus of this amendment is to refine and strengthen the existing […]

Request to Implement SOP for Timely Disposal of Income Tax Appeals with CIT

December 28, 2023 16524 Views 1 comment Print

artered Accountants Association urges Finance Minister for SOP implementation to expedite Income Tax Appeals with Commissioner. Addressing delays for taxpayer resolution.

FIU IND issues compliance SCN to 9 offshore VDA SPs

December 28, 2023 765 Views 0 comment Print

Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Finance acts against illegal operations. Details here.

Section 80P(4) not restrict Section 80P(2) deduction claimed by Co-op Society: HC

December 28, 2023 2625 Views 0 comment Print

Explore the Madras High Court’s judgment on CIT vs Tamilnadu Cooperative Housing Federation Ltd. Get insights into key tax implications and deductions under Section 80P of the Income Tax Act.

Future of Artificial Intelligence in Everyday Life

December 28, 2023 1082 Views 0 comment Print

Artificial intelligence (AI) has become an integral part of our lives, revolutionizing various industries and transforming the way we interact with technology. From voice assistants to personalized recommendations, AI is making our everyday tasks more efficient and convenient.

Department of Economic Affairs Year 2023: Achievements & Global Leadership

December 28, 2023 861 Views 0 comment Print

Explore the Ministry of Finance’s Year Ender 2023, highlighting economic growth, global leadership, G20 achievements, sustainable finance, and major initiatives.

Ministry of Finance Year Ender 2023: Department of Financial Services

December 28, 2023 840 Views 0 comment Print

Explore the Ministry of Finance’s Year Ender 2023 report, detailing the Department of Financial Services’ achievements in reforms, NPAs, digital payments, and financial inclusion.

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