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Archive: 08 August 2024

Posts in 08 August 2024

It is Constitution and not Supreme Court Which is Supreme

August 8, 2024 1797 Views 0 comment Print

I can help with the article about Income Tax Laws for Senior Citizens: Understanding the Exemptions, Deductions, and Rebates. Could you provide more details on what you would like included in the introduction, analysis, and conclusion? For example, do you have specific tax laws or cases you’d like to focus on?

Simplified FAQs on GSTR-1A

August 8, 2024 6561 Views 0 comment Print

Learn what GSTR-1A is, who should file it, key features, and its impact on GSTR-2B and GSTR-3B. Understand the filing process and consequences of errors.

Indexation under LTCG on immovable properties – Govt takes away benefit of cost inflation indexation for Income Tax levy

August 8, 2024 24570 Views 2 comments Print

Budget 2024 removes indexation benefits for long-term capital gains on immovable properties, reducing tax rate but increasing the overall tax burden.

Impact of August 2024 Monetary Policy Committee meeting in simple language

August 8, 2024 663 Views 0 comment Print

RBIs August 2024 meeting keeps repo and SDF rates unchanged. Focus on reducing inflation and enhancing credit reporting. Impact on loans and payments outlined.

Process of Food License Registration

August 8, 2024 1815 Views 0 comment Print

Learn the step-by-step process to register for a food license via FSSAI’s FoSCoS portal. Understand required documents, fees, and compliance for your food business.

IRDAI Directs Life Insurers to Submit Data to IIBI by 30th September 2024

August 8, 2024 1164 Views 0 comment Print

IRDAI mandates life insurers to submit data for specified categories to IIBI by 30 Sep 2024. Annual submissions to continue from FY 2024-25.

RBI Mandates Fortnightly Credit Info Reporting by CICs and CIs

August 8, 2024 3036 Views 0 comment Print

RBI directs Credit Institutions to report credit information to Credit Information Companies fortnightly, effective January 1, 2025, for timely credit assessment.

Addition of excess stock merely based on recorded statements untenable: ITAT Delhi

August 8, 2024 1023 Views 0 comment Print

ITAT Delhi held that addition towards excess stock merely on the basis of recorded statements and without any corroborative evidence of unaccounted sales is untenable in law. Accordingly, addition deleted.

Valuation of Additional Tier 1 Bonds (AT-1 Bonds) SEBI circular dt 5th Aug 24

August 8, 2024 1113 Views 0 comment Print

SEBI updates valuation norms for AT-1 Bonds in its circular on 5th August 2024, emphasizing Yield to Call methodology and 100-year deemed maturity.

Tea (Holding Inquiry and Appeal) Rules, 2024

August 8, 2024 468 Views 0 comment Print

New Tea (Holding Inquiry and Appeal) Rules, 2024 issued under the Tea Act, 1953, detailing inquiry and appeal procedures for contraventions and penalties.

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