Discover crucial actions and precautions to take before closing your books of accounts on 31st March 2023. Ensure compliance, financial health, and strategic planning for the years ahead. Insights provided by Nitin Gupta, a financial expert.
Gain a basic understanding of compromise, arrangement, and amalgamation in the context of Indian business strategy. Explore key definitions, reasons for such corporate moves, and governing laws, including cross-border mergers. Get insights from Sudhir Halakhandi, a tax expert.
Politically Exposed Persons” (PEPs) are individuals who have been entrusted with prominent public functions by a foreign country, including the heads of States or Governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials;
Financial year 2022-23 is about to end, & new financial year is about to start. How should a taxpayer prepare himself for this year’s march ending?
If any mistake is apparent from the record, the Income-tax authority can rectify such mistake. An order of rectification is required to be passed within a period of 4 years from the end of the financial year in which the order which is sought to be rectified was passed.
Understand the process of rectifying errors in GST orders. Explore Section 161 of the CGST Act, 2017, learn which mistakes can be rectified, who can inform the errors, and the time limits for rectification. Get insights from tax expert Sudhir Halakhandi.
Under various provisions of Income Tax act, Income tax departments calls for the financial information from various sources/reporting entity such as Banks, Registrar appointed under Registration act, 1908, Stock Exchanges, etc. AIS is the collection of information pertaining to taxpayer acquired by the department.
Government has introduced a scheme to solve disputes between Maharashtra government and taxpayers. Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’.
To assure on-time payments, the stated clause would have been inserted as a Socio-Economic Welfare Measure and has been realized through the Micro and small companies. Section 43B of the Act furnishes for specific deductions to be permitted on real payments only rather than on an accrual basis.
Section 14 of RERA Act 2016 aims at protecting Allottees as against any changes being made either to specifications of individual unit or changes to sanctioned plans (as approved by planning authority) of Project at large, unilaterally, by Promoter.
