When a financial transaction reported by a Source/Reporting Entity is not considered/included by the taxpayers in their Return of Income (ITR), a computerized process of identification of such mismatch is undertaken.
Stay updated on important GST and FEMA updates for May 2023. Learn about filing returns, regulatory changes, and compliance tasks. Explore a detailed work schedule and recent amendments in the Foreign Exchange Management Act (FEMA), including the omission of Rule 7 impacting international credit card spending and implications for Tax Collected at Source (TCS). Get valuable suggestions for handling GST officer visits during special drives to track fake GST registrations. Ensure compliance, minimize risks, and operate within the legal framework with these insights.
If you’re considering a floating rate loan, it’s important to stay informed about the benchmark rates that determine the interest rates on these loans. The benchmark rates are subject to fluctuations depending on the market they operate in, but what you may not have considered is that the benchmark rates themselves might get replaced.
Article explore process of forming a subsidiary of a private company in India, with a focus on Companies Act, 2013, and Income Tax Act, 1961, considering revisions & amendments
The Indian government has recently introduced new tax laws that provide angel tax exemption in an effort to foster the growth of startups in the country. These measures have brought about a positive shift in the regulatory environment, offering relief and encouragement to both entrepreneurs and angel investors.
Explore the legal complexities surrounding transgenic animal patents through the Harvard College vs. Canada case. Understand the global perspectives on patenting living organisms and the impact on intellectual property rights.
RBI has recently introduced new rules for bad loans provisioning, aiming to enhance quality of bank assets & bolster overall banking system
GSTN introduced a new feature on its E-invoice Portal that allows users to access Invoice Reference Number (IRN) or verify authenticity of IRNs associated with their invoices.
Explore the intricacies of interpreting statutes with this comprehensive analysis of rules, including the literal rule, reasonable construction, harmonious construction, Haydon’s rule, and more. Master statutory interpretation for accurate legal analysis and compliance.
Stay updated on the latest Exemptions under GST with insights into power provisions, notifications, and points to ponder. Understand exempt supply implications, composite supply, mixed supply, and more. Ensure compliance and avoid penalties with accurate interpretation of exemption notifications.
