Central Board of Indirect Taxes & Customs, under the Ministry of Finance, Government of India, shares an update highlighting the significance of data analytics in tax administration. The Chairman discusses the potential of data analytics to detect irregularities and enhance compliance. The update also includes details of successful anti-smuggling operations and a reminder to prioritize […]
The Securities and Exchange Board of India (SEBI) has introduced the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. These amendments bring changes to the existing regulations that govern the listing obligations and disclosure requirements for listed entities. The amendments include the introduction of regulation 30A, which focuses […]
Learn about the penalty imposed by the Ministry of Corporate Affairs (MCA) on M/s CMBF Trading and Manufacturing India Private Limited for the delay in filing their Annual Return (MGT-7). This article provides an analysis of the order of adjudication, the penalty amount, and the consequences for the company and its directors.
Violation of Section 203(4) of the Companies Act, 2013 (non-appointment of a Company Secretary) : MCA Imposes 20 Lakh Penalty on Himalayan Rolling Steel Industries & Its Directors
A new development from the National Stock Exchange of India is looking at implementing XBRL for listed entities, replacing PDF format. The shift is aimed to streamline corporate filings and ease the compliance burden.
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 41/2023-Income Tax | Dated: 14th June, 2023 S.O. 2625(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following further amendments to the Notification of the […]
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2023- Income Tax | Dated: 14th June, 2023 S.O. 2624(E).— In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act) and to give effect […]
Discover how the latest import duty reductions on refined soybean and sunflower oils can help consumers enjoy these essential commodities at lower prices.
Read about the recent modification in agency commission for the collection of indirect taxes through the ICEGATE payment gateway. The Reserve Bank of India (RBI) has issued a circular instructing agency banks on the submission of commission claims for GST receipts, direct tax collection, and indirect tax collection via ICEGATE.
earn about the Sovereign Gold Bond Scheme 2023-24 issued by the Government of India in consultation with the Reserve Bank of India. Discover the eligibility criteria, features, and investment details of these bonds. Find out how to invest, the issuance form, payment options, interest rates, tax treatment, and tradability of the Sovereign Gold Bonds.
