CBDT notifies ITR 1 and ITR 4 for Assessment Year (AY) 2024-25 / Financial Year (FY) 2023-24 vide Notification No. 105/2023-Income Tax Dated: 22nd December, 2023. Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) New Delhi Notification No. 105/2023-Income Tax Dated: 22nd December, 2023 G.S.R. 908(E).— In exercise of the powers conferred by […]
Stay informed! RBI directs Authorised Dealer Banks to report Liberalised Remittance Scheme data through Centralised Information Management System (CIMS) starting December 26, 2023
Introduction: The Reserve Bank of India (RBI) has issued a crucial circular, A.P. (DIR Series) Circular No.12, dated December 22, 2023, addressing All Category-I Authorised Dealer Banks. This communication pertains to the implementation of the Centralised Information Management System (CIMS) and the consequential discontinuation of the submission of gold import data through the legacy XBRL […]
Stay informed with the latest RBI circular on reverse repo transactions. Learn about revised reporting requirements for bank transactions with non-banks. Read more.
Explore the latest changes in Customs regulations with Notification No. 66/2023-Customs by the Ministry of Finance. Key amendments and their impact revealed.
Explore Customs Notification 15/2023 imposing anti-dumping duty on Industrial Laser Machines from China. Detailed analysis, affected goods, and duty rates provided.
Explore RBI’s latest circular on Trade Credit reporting shift to CIMS. Learn about changes, submission details, and the impact on Authorised Dealer Banks.
RBI circular mandates a transition from the XBRL site to Centralized Information Management System (CIMS), impacting all Authorised Dealer Category-I Banks.
Explore the adjudication order under Section 454 against Turbotech Engineering Ltd for non-compliance with Section 137 of the Companies Act, 2013. Detailed analysis, findings, and penalties.
Government of India’s Ministry of Corporate Affairs imposes penalties on Shayona Petrochem Limited and its directors for violating Section 137 of the Companies Act, 2013.
