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Archive: 12 January 2024

Posts in 12 January 2024

Understanding ITR-U: Correcting Income Tax Returns Made Easy

January 12, 2024 9495 Views 2 comments Print

Explore the significance of ITR-U (Updated Return) in rectifying income tax return errors. Learn who is eligible, scenarios for filing, late fees, and more.

Dematerialization of Shares for Private Limited Companies in India

January 12, 2024 7116 Views 0 comment Print

Effective from October 27, 2023, private limited companies, excluding small companies, are required to issue and convert all existing securities into dematerialized form by September 30, 2024.

PMFME Subsidy: Boosting Micro Food Processing with Credit-Linked Support

January 12, 2024 1332 Views 0 comment Print

Explore Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, its objectives, benefits, eligibility, and application process. Empowering micro enterprises in India.

Draft SEBI Circular: Streamlining Reporting for Stock Brokers

January 12, 2024 432 Views 0 comment Print

Explore SEBI’s latest circular aiming at enhancing ease of doing business. Learn about modifications in reporting, operational guidelines, and the impact on stock exchanges.

SEBI Circular on Guidelines for AIFs on Dematerialization & Custodian Appointment

January 12, 2024 2376 Views 0 comment Print

Explore SEBI’s latest circular on Alternative Investment Funds (AIFs), outlining guidelines for dematerialization of investments and mandatory custodian appointments. Stay compliant with key deadlines.

Import restrictions not apply to Desktop Computers falling under tariff head 8471: DGFT

January 12, 2024 1767 Views 0 comment Print

Get the latest clarification from DGFT regarding the import policy for Laptops, Tablets, All-in-one PCs, and Servers under HSN 8471. Understand the restrictions and authorization requirements for these IT hardware categories.

In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore

January 12, 2024 864 Views 0 comment Print

In 2023, DGGI detected 6,323 cases, exposing Rs. 1,98,324 crore GST duty evasion. Explore the Special Drive against ITC frauds and the agency’s commitment to fairness

Section 43B(h) Disallowance on account of payment to Micro or Small Enterprise

January 12, 2024 44241 Views 6 comments Print

Explore the impact of Finance Act 2023’s Section 43B(h) on payments to Micro and Small Enterprises. Detailed analysis, key provisions, and effective dates explained.

Allahabad HC Fines State ₹25,000 for Counsel’s Unpreparedness & for wasting 10 valuable minutes of Court

January 12, 2024 3108 Views 0 comment Print

Allahabad High Court expressed displeasure over unpreparedness of standing counsel representing state government. Ccase involved Ram Verma v. State of U.P., and took note of standing counsel’s lack of preparation after around 10 minutes of argument.

Insurtech Revolution in India: Challenges, Regulatory Gaps & Future Trends

January 12, 2024 1563 Views 0 comment Print

Explore the impact of Insurtech on India’s insurance sector, regulatory challenges, and the potential of technology-driven innovation in reshaping the industry.

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