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Archive: August, 2024

Posts in August, 2024

Employees’ Provident Fund (EPF) Withdrawal Rules

August 22, 2024 8745 Views 1 comment Print

Understand EPF withdrawal rules, tax implications, and conditions for partial and full withdrawals in 2024. Know when and how your EPF can be tax-exempt.

Rupees 43 trillion Income Tax Demands to Make India Richer and Indians Poor

August 22, 2024 11919 Views 3 comments Print

Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India’s tax ecosystem and small businesses.

Request for digitization of records related to a major financial sector

August 22, 2024 1347 Views 0 comment Print

Advocating digitization of India’s financial sector records to aid startups. Urgent reforms needed for smoother shareholder processes.

GST on Hostel and PG Accommodation services

August 22, 2024 76176 Views 0 comment Print

Learn about GST on hostel and PG accommodations, key exemptions, and recent amendments impacting students and professionals. Stay compliant with the latest GST rules.

Consultation paper on proposed IFSCA (Informal Guidance) Scheme, 2024

August 22, 2024 498 Views 0 comment Print

IFSCA seeks feedback on its proposed Informal Guidance Scheme, 2024, aimed at providing clarity on legal and regulatory issues in the IFSC.

CBDT Central Action Plan 2024-2025

August 22, 2024 5268 Views 0 comment Print

The Central Action Plan 2024-2025 by CBDT aims to optimize India’s direct tax system, focusing on revenue, litigation, taxpayer services, and efficient administration.

Taxing buy-back consideration as dividend closes the doors of buy-back?

August 21, 2024 2625 Views 0 comment Print

The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares resulting significant impact on income tax liability to shareholders. This change impacts all future buy back proposals. Corporates houses are evaluating different strategies to minimise the tax impact. Legal experts challenges taxing buy […]

Madras HC Clarifies Jurisdiction in GST Adjudication Orders

August 21, 2024 3126 Views 0 comment Print

GST Act does not prohibit intelligence officers from issuing show cause notices or adjudicating cases if they meet the definition of a proper officer under Section 2(91)

Draft Food Safety and Standards (Food Products & Additives) Amendment 2024

August 21, 2024 528 Views 0 comment Print

FSSAI proposes amendments to 2011 food additives regulations, including new limits for natamycin in dairy products. Comments due in 60 days.

Invest Smarter: Benefits of Using a Lump Sum Calculator

August 21, 2024 993 Views 0 comment Print

Investing wisely is essential for financial growth and achieving long-term goals. Among the many tools available to investors, a lump sum calculator is a valuable resource for optimising your investment strategy.

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