Learn about the budget 2023 tax incentives for International Financial Services Centre units under the act. Offshore Derivative Instruments income exempt from taxes. Transfer of assets for relocation extended to 31st March 2025.
Transfer of physical gold to Electronic Gold Receipt issued by a Vault Manager or vice versa shall not be considered as ‘transfer’ Section 47
Budget 2023 amends Section 80-IAC to extend the period of incorporation of eligible start-ups to 1st day of April 2024.
Time period for carrying forward and setting off of losses of eligible start-ups is increased from 7 years to 10 years from incorporation date
Budget 2023- Amendment in section 269SS & 269T of Income Tax Act by raising limit of Rs. 20,000 to Rs. 2 lakh for PACS & PCARD.
In the case of a sugar mill cooperative, where any deduction in respect of any expenditure incurred for the purchase of sugarcane has been claimed by an assessee and such deduction has been disallowed wholly or partly the Assessing Officer shall, on the basis of an application made by such assessee in this regard, recompute the total income of such assessee for such previous year.
Section 194N – Threshold limit for co-operatives to withdraw cash without TDS increased to Rs. 3 crore from existing 1 crore with effect from 01.04.2023
Agnipath Scheme, 2022 has been introduced by Ministry of Defence for enrolment of Agniveers in Indian Armed Forces. Learn about Section 80CCH Deduction, Tax Exemption & more.
ICSI Request MCA to extend reservation period of names reserved and period of re-submission under Companies (Incorporation) Rules, 2014
Understand the depreciation provisions as per Companies Act, 2013 – a brief analysis. Depreciation and its components as per Companies Act, 2013 explained in detail. Learn the key definitions of depreciation and how it is calculated. Depreciable amount & useful life – what does this mean in the context of Companies Act, 2013? All the details for depreciation provisions in Companies Act, 2013 are here.
