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Archive: December, 2023

Posts in December, 2023

Government’s Action Plan to Combat Ponzi Scams

December 22, 2023 786 Views 0 comment Print

Explore the comprehensive steps taken by the Government of India and RBI to regulate Ponzi apps and address large-scale scams. Learn about the Banning of Unregulated Deposit Schemes Act and proactive measures against fraudulent loan apps.

No Health Tax Proposal for Tobacco Products: Govt

December 22, 2023 1068 Views 0 comment Print

Explore the latest developments in India’s tobacco tax system. Learn about the proposed health tax on tobacco products and its impact on NCD/Cancer Care Fund. Get insights from the Ministry of Finance’s response to Rajya Sabha’s Unstarred Question No-1823.

Action Plan To Make The Country Third Largest Economy

December 22, 2023 579 Views 0 comment Print

Explore the comprehensive action plan by the Government of India’s Ministry of Finance to propel the nation into the third-largest economy by 2027. Discover key reforms and strategies for sustained growth.

Steps To Reduce Interaction Between Taxpayer & Income Tax Department

December 22, 2023 1020 Views 0 comment Print

Explore how the Indian Ministry of Finance leverages technology and reforms to reduce taxpayer interactions, streamline assessments, and promote cooperative incentives.

Growth in gross total income of individuals across different income groups

December 22, 2023 606 Views 0 comment Print

Explore the robust growth in individual income across diverse groups, its correlation with direct tax collections, and how the Indian government allocates funds for public welfare and developmental projects.

Bank guarantees are different from corporate guarantees; HC accepts 0.5% Guarantee Commission Rate

December 22, 2023 2316 Views 0 comment Print

Bombay HC clarifies bank guarantee vs. corporate guarantee distinctions in Everest Kento Cylinders case. Ruling impacts income tax computation.

CESTAT Dismisses Appeal Alleging Non-Adherence to CBEC Circular in Shipping Bill Conversion

December 22, 2023 459 Views 0 comment Print

CESTAT Chennai dismisses appeal by Principal Commissioner of Customs against Contemporary Leather Pvt. Ltd. Allegations of not following CBEC norms in shipping bill conversion examined in detail.

Gauhati HC Stays GST Notice, Form ASMT-10 Not Issued: Pepsico Case

December 22, 2023 5946 Views 0 comment Print

Gauhati High Court stays GST Show Cause Notice against Pepsico India Holdings Pvt. Ltd. Form GST ASMT-10 not issued, challenging compliance of statutory rules.

APR Compliances: Auditing Obligations & Exceptions

December 22, 2023 24519 Views 0 comment Print

Explore changes in Annual Performance Report (APR) compliance rules post introduction of Overseas Investment 2022. Learn about filing, exceptions, and penalties.

What Audit Committees are looking for Internal Audit Departments!!!

December 22, 2023 2202 Views 0 comment Print

Explore pivotal relationship between Audit Committees and Internal Audit Departments. Learn roles, oversight responsibilities and key questions for effective collaboration.

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