The Director General of Foreign Trade (DGFT) has introduced new guidelines under Paragraph 4.94 in Chapter 4 of the Handbook of Procedures, 2023. These updates, effective as of October 2023, provide detailed requirements for exporters who benefit from the Remission of Duties and Taxes on Exported Products (RODTEP) scheme, mandating the filing of an Annual […]
Explore shareholder democracy in India, highlighting challenges, shareholder activism, and key regulations like e-voting and related party transaction approval.
Delhi High Court in The Bhakti Vedanta Book Trust India v. Www.Friendwithbooks.Co (CS(COMM) 88/2021 & I.A. 78/2023) marks a significant development in this area, addressing whether a sanyasi (renunciate) can hold copyright over literary works created by them.
Arjuna: Krishna, I heard there’s a new Invoice Management System (IMS) on the GST portal. What’s it all about? It sounds complicated. Krishna: Arjuna, IMS is indeed a fresh addition, introduced in October 2024, but it’s quite beneficial if understood well. IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices […]
Key relaxations and optional tables introduced for GSTR-9 and GSTR-9C filing for FY 2023-24 to simplify the process for taxpayers.
Review of key Income Tax, GST, SEBI, and IBC updates, including notifications, circulars, and court rulings for the week ending 17th Nov 2024.
In a partnership, compensation for the partners’ time, expertise, and capital investment is an important part of the business structure. However, the terms “partner’s salary” and “partner’s remuneration” are often used interchangeably, even though they refer to different concepts in a partnership arrangement. To help you navigate these terms and better understand how partners are […]
Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, and evaluation.
Understand leave encashment rules under Section 10(10AA). Does resignation qualify for exemption? Learn the tax implications and key case law precedents.
The 2024 budget introduces changes in capital gains tax for immovable property, removing indexation and offering two tax options for residents.
