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Archive: August, 2024

Posts in August, 2024

SEBI Consultation paper on Reporting by Foreign Venture Capital Investors

August 8, 2024 1257 Views 0 comment Print

SEBIs draft circular on reporting by Foreign Venture Capital Investors (FVCIs) seeks public comments by August 29, 2024. Review and submit your feedback online.

RBI Keeps Repo Rate at 6.50% in August 2024 Policy Review

August 8, 2024 894 Views 0 comment Print

RBI maintains policy repo rate at 6.50% in August 2024. Focus on controlling inflation while supporting growth. Projected GDP growth of 7.2% for 2024-25.

It is Constitution and not Supreme Court Which is Supreme

August 8, 2024 1761 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 6387 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 24330 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 627 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 1653 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 1119 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 2844 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 969 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.

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