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ICSI approves minimum stipend of Rs. 5,000 per month

July 21, 2023 28833 Views 1 comment Print

ICSI Approved a uniform minimum stipend of Rs. 5,000/- (Rupees Five Thousand Only) per month for the students (both Executive & Professional Programme) registering for Practical Training (Company/Company Secretary in whole-time practice/other entities) on or after 01st August, 2023.

Income Tax Exemption for IFSC Aircraft Leasing under section 10(34B)

July 20, 2023 2406 Views 0 comment Print

The Ministry of Finance has issued Notification No. 52/2023-Income Tax, Dated : 20th July, 2023 under section 10(34B) of the Income Tax Act, 1961. The notification provides an income tax exemption for dividends from aircraft leasing within International Financial Services Centres (IFSC). The notification specifies that no income tax deduction shall be made from any dividend income paid by […]

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023

July 20, 2023 930 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023. The IBBI’s amendment regulations, it introduces a new explanation to clarify regulatory fee exemption for approved resolution plans involving real estate projects handled by associations or groups of allottees. […]

Exchange Rates for Imported & Exported Goods with effect from 21st July, 2023

July 20, 2023 909 Views 0 comment Print

Central Board of Indirect Taxes and Customs, issued Notification No. 54/2023-Customs (N.T.) on 20th July 2023. This notification pertains to the rate of exchange of conversion of foreign currencies into Indian rupees for imported and export goods with effect from 21st July, 2023. Government Of India Ministry Of Finance Department Of Revenue Central Board Of […]

Appeal to Review the GST Council’s Decision on Online Gaming Taxation

July 20, 2023 3963 Views 0 comment Print

Discover the catastrophic implications of the recent change in GST for online gaming, including its impact on the industry, employment, and offshore competition. This analysis calls for a review of the decision and highlights its inconsistency with the government’s efforts to promote and regulate the sector.

DGFT Advance Authorisation Scheme: Duty-Free Imports for Export Inputs

July 20, 2023 906 Views 0 comment Print

DGFT implements Advance Authorisation Scheme, allowing duty-free import of inputs for export purposes. Learn about enhancements in Advance Authorisation and Norms Fixation Workflow, simplifying process for exporters.

AML & CFT Guidelines for Professionals with CoP (ICAI, ICSI, ICMAI)

July 20, 2023 11034 Views 0 comment Print

We have published below AML & CFT guidelines for professionals with Certificates of Practice (CoP) from ICAI, ICSI, and ICMAI. These guidelines aim to prevent money laundering, terrorist financing, and proliferation financing activities. It covers reporting obligations, risk assessments, and the role of Statutory Bodies (SRBs) in supervision and monitoring. The AML & CFT guidelines […]

Term Insurance decoded: How to identify best Term Insurance Plan in India

July 20, 2023 645 Views 0 comment Print

When it comes to securing your family’s financial future, term insurance is an essential protection plan that provides financial security to your loved ones in the event of your demise. It is the purest form of life insurance that covers you and your family.

Which are the best websites for government job news portal in India?

July 19, 2023 1326 Views 0 comment Print

For job seekers in India, finding reliable and up-to-date information about government jobs can often be a challenging task. In a country where government jobs are highly sought after for their job security, perks, and benefits, having a reliable source to access the latest updates becomes crucial.

Understanding Income Tax Perquisites: Types and Calculation

July 19, 2023 5100 Views 0 comment Print

Perquisites come in various forms, encompassing both cash and non-cash benefits, and include accommodations, employer or self-owned vehicles, stock options, club memberships, medical reimbursements, subscriptions to magazines, and more.

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