Obligations for Maintenance of Records under PMLA - FIU-IND Under Section 12 of the Prevention of Money Laundering Act, 2002 (PMLA), every reporting entity is required to maintain records of… Read More
Introduction to FIU-IND and Its Role The FIU-IND is the central agency responsible for receiving, processing, and analyzing financial information related to suspicious transactions. Its role is pivotal in preventing and… Read More
Overview on Financial Intelligence Unit – India (FIU-IND) The Financial Intelligence Unit - India (FIU-IND) is the central agency responsible for monitoring, analyzing, and disseminating financial intelligence related to money laundering… Read More
Steps to Claim and Rectify a Wrongly Deposited Challan This blog provides an insightful overview of rectifying a common yet specific error in income tax challan payments, particularly when a… Read More
ICAI deferred Phase III & Phase IV of the Peer Review Mandate The Institute of Chartered Accountants of India (ICAI) has extended the enforcement deadlines for Phases III and IV… Read More
What is Form 16C? Form 16C is a certificate under the Income Tax Act that provides details of the TDS deducted on rent payments. It is specifically associated with Section… Read More
CBDT on application of Principal Purpose Test under amended tax Treaties This clarification from the CBDT on the application of the Principal Purpose Test under amended tax treaties provides much-needed… Read More
Overview on Capital Gain Provision on Period of Holding The provided chart outlines the period of holding for determining whether a capital asset is classified as a Short-Term Capital Asset… Read More
The Bombay High Court, in the case of 87A Rebate In a recent judgment, the Bombay High Court addressed issues concerning the Section 87A rebate under the Income Tax Act,… Read More
FAQs on Liquidation and Voluntary Liquidation Forms (As on 10.01.2025) What are the key responsibilities of Insolvency Professionals when filing Liquidation and Voluntary Liquidation forms? Ensure accurate completion of all… Read More