The IFSCA has proposed a regulatory framework defining how investment advisers can provide implementation services in IFSC, seeking stakeholder feedback by December 3, 2025.
ROC Delhi levied penalties for not preparing and keeping minutes and attendance registers for seven board meetings, stressing the mandatory record-keeping requirements under Section 118.
A recent amendment increases the deadline for realising export proceeds from nine to fifteen months, offering exporters greater flexibility in meeting FEMA requirements.
Section 194P provides tax deduction relief for senior citizens aged 75 years or more having only pension and interest income. Specified banks compute income, deduct tax, and exempt them from filing income tax returns.
Section 44AA mandates maintenance of books of accounts by specified professionals and businesses exceeding prescribed limits. Learn who must maintain, which records are required, period of retention, and penalties for non-compliance.
Interest-free or concessional loans from employers are taxable as perquisites under Section 17. Learn how to calculate the taxable value, key exemptions, and conditions for medical and small loans below ₹20,000.
Understand tax rules for rent-free or concessional employer-provided accommodation. Learn valuation methods, exemptions, and perquisite calculations for government, non-government, and hotel accommodations.
Learn how to apply for a lower or nil TDS certificate under Form 13. Covers eligibility, applicable incomes, filing steps, validity, and key compliance points for individuals, firms, and companies.
Tax not deducted if Form 15G or 15H filed by eligible individuals. Explains filing process, UIN generation, reporting, and 7-year retention rule.
The company and its officers were penalized ₹20,000 each for filing Form PAS-3 twenty days late, highlighting the importance of timely compliance under Section 39(4).
