The Institute proposed new guidelines allowing members in practice to advertise, aiming to enhance competitiveness with global firms while maintaining ethical safeguards.
The amended regulations remove rigid lock-ins and expand withdrawal options, giving NPS subscribers greater control over their retirement savings.
This explainer breaks down how Section 80G deductions work and who can claim them. It highlights deduction categories, qualifying limits, and mandatory verification with donee filings.
While gross collections rose modestly, higher corporate tax inflows boosted net direct tax collections. The figures underline the continued strength of corporate tax contributions to overall revenue.
A six-month special scheme allows employers to enrol left-out employees and regularise EPF non-compliance with minimal penalties.
Parliament was told that GST paid on MPLADS projects is part of execution cost and does not reduce the ₹5 crore yearly entitlement. Project sanctions already factor in tax components to stay within limits.
FAQs confirm that only practicing professionals with a full-time CoP can generate UDINs, while others may only view past records. This tightens access control and improves document authenticity.
The authority held that PAN must be compulsorily entered for UDIN generation in GST and tax audit cases, expanding validation to five parameters to enhance document authenticity.
UDIN generation now requires disclosure of preceding year audit details for specific audit categories. The update strengthens audit traceability while ensuring confidentiality of member data.
The competition watchdog has initiated further proceedings over widespread flight disruptions, signaling that the matter merits examination under competition law.
