As we know that frauds are present in every sector, where money involved. The financial sector is more vulnerable for fraud than other sectors. The frauds generally happen for sake of financial gain by applying dubious methods by the fraudsters. Insurance industry is the most vulnerable for various types of fares by policyholders, intermediaries , […]
A right of appeal is a statutory right or in a way can be said that a creature of statute. The said right is governed by the terms of the statute creating it. It is not an inherent right and can’t be availed until and unless it is provided in the statute itself. Its nature, character and extend will have to be determined and controlled […]
The importance of Audit of an organization is perhaps as same as what is oxygen for human being. It is a 360 degree review of all the organization working and to speculate whether the organization can expand or if there is some cost cutting to do.
Discover how to verify the authenticity of an income tax notice on the new portal. Learn about the DIN system and check notices from previous assessment years.
In India, though the Income Tax Act contained the concept of Transfer Pricing in Income Tax Act, 1922 itself, Globalisation & Liberalisation in the year of 1991, have led to the drastic increase in cross-border transactions thereby the need for sharing country’s revenue in a conscious and justified fair manner. Before going to TP documentation, […]
Updates of the Ministry of Corporate Affairs (MCA) Circulars ♦ Relaxation in payment of Additional Fees in case of delay in filing Form 8 (LLP): General Circular No. 16/2021 dated 26th October, 2021 The Ministry of Corporate Affairs (MCA) vide its General Circular No. 16/2021 dated 26th October, 2021 has provided relaxation in paying Additional […]
Prime Minister of India and other dignitaries are having a conference on climate change, a broadly classified subject which has ushered in sudden cloud burst in Himalayas in India, regular fire in Hollywood and other places with million dollars houses or knee- deep water in Belgium, and other places around our mother earth at Glasgow, […]
REGULATORY UPDATES -A GIST OF IMPORTANT CIRCULARS/NOTIFICATIONS/GUIDELINES ISSUED BY THE AUTHORITY (IRDAI). Submitted, for information, the supervisory/ regulatory directions from IRDAI from 1st July 2021 to 31st October, 2021 . The Authority has issued certain Regulations/Guidelines/Circulars on issues as listed below: 1. Standards and Benchmarks for the Hospitals in the provider Network- (IRDAICircular No. IRDAI/HLT/REG/MISC/199/07/2021 […]
uthorised Money Changers (AMCs) are entities, authorised by the Reserve Bank under Section 10 of the Foreign Exchange Management Act, 1999. An AMC is a Full Fledged Money Changer (FFMC) authorised by the Reserve Bank to deal in foreign exchange for specified purposes.
Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes taxable as Business Income
