What is distinction between NRO, NRE, and FCNR A native of India or a person of Indian descent who is not a native of India is referred to as a… Read More
Start-Up India Scheme – Features, Registration, Eligibility, Benefits BRIEF INTRODUCTION Indian Government came up with a Start-up India Scheme, which was an initiative to support entrepreneurs in starting their own… Read More
Indirect Tax updates: Policymakers could merge the 12% and 18% slabs under the goods and services tax going forward as revenue increases, thereby effectively making it a two-tier tax. Jaitley made… Read More
Due date DPT 3 is 30th June 2021 for FY 2020-21 The Government, in conjunction with the Reserve Bank of India, has notified a change to the Companies (Acceptance of… Read More
Direct Tax Updates: CBDT has tightened framework for compounding of offences almost shutting the window for money laundering, non-disclosure of foreign assets or possession of a benami asset. The latest… Read More
Direct Tax Updates: Income Tax Advance Tax last date is 15.06.19 of first instalment for FY 2019-20. Pay on time & avoid levy of penal interest. If your landlord happens… Read More
RBI Updates: The Reserve Bank of India (RBI)-appointed committee to review the economic capital framework of the central bank failed to arrive at a consensus during a meeting held here… Read More
Direct Tax Updates: Govt dismisses from service, 12 Senior Income Tax Officers (IRSs), including one of the Joint Commissioner, on charges of corruption and professional misconduct, sexual harassment etc. Indirect… Read More
Direct Tax: Income Tax : Pune ITAT allows deduction to assessee for interest paid on Share application money received from shareholders pending allotment. [TS-304-ITAT-2016(PUN)] Income Tax : Compensation and interest awarded… Read More
Direct Tax Updates: India could review the goods and services tax (GST) structure to further prune the number of items in the highest slab of 28% as it attempts to… Read More