Amendment in Income tax Rules, 1962, insertion of new rule 133 for prescribing calculation of net winnings for online games, notification of revised Form No. 16, Form 24Q, Form 26Q, Form 27Q, and Form 27EQ – Notification No. 28/2023-Income Tax | Dated: 22.05.2023 Central Board of Direct Taxes ICBDT) has issued Notification No. 28/2023-Income Tax […]
Insurer is cautioned to exercise care and diligence in releasing advertisements and not to quote features/benefits that are applicable under extreme/exceptional scenarios. Insurer is further directed to strictly comply in letter and spirit with the relevant IRDAI (Insurance Advertisements and Disclosure) Regulations
International Financial Services Centres Authority (IFSCA) Clarifies Due Date for Recognition of Non-Performing Assets (NPAs) in Factoring and Forfaiting Guidelines The International Financial Services Centres Authority (IFSCA) has issued a circular providing clarification on the guidelines for factoring and forfaiting of receivables. The clarification pertains to the due date for recognizing Non-Performing Assets (NPAs) as […]
It was observed that company failed to attach complete copy of Director’s Report and Auditors Report, resulting in missing pages in Board’s Report and Auditors Report.
Banks are advised to make necessary arrangements at their branches to accommodate customers seeking to exchange ₹2000 banknotes. This includes providing shaded waiting spaces, drinking water facilities, and other amenities, considering the ongoing summer season.
Circular No. 5 of 2023, issued by CBDT, provides guidelines for the implementation of section 194BA of Income-tax Act, 1961. This section pertains to the deduction of income tax on winnings from online games.
The export of Cough Syrup under ITC (HS) Codes falling under the Heading 3004 shall be permitted subject to the export sample being tested and production of Certificate of Analysis (CoA) issued by any of the laboratories as mentioned in Para-1 above, with effect from 1st June 2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of […]
SEBI has issued a circular requiring REITs to hold securities of holding companies and SPVs in dematerialized form only.
SEBI issued a circular requiring Infrastructure Investment Trusts (InvITs) to hold securities of Hold Cos and SPVs (Special Purpose Vehicles) in dematerialized form.
Penalty imposed by Registrar of Companies, on Kosamattam Nidhi Limited for the omission of Director’s DIN in their ADT-1 form.
