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Indian Government’s Historic Move: Direct Listing on GIFT IFSC
Introduction: On January 24, 2024, the Ministry of Finance introduced a historic initiative allowing public Indian companies to directly list securities on International Exchanges of GIFT IFSC. This m...
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GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking exp...
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Notification No. 15/2024-Income Tax Dated: 23.01.2024
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, New Delhi, has issued Notification No. 15/2024-Income Tax on 23rd January, 2024. The notification exercises the powers confer...
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Notification No. 14/2024-Income Tax Dated: 23rd January, 2024
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 14/2024 on 23rd January, 2024, amending provisions of the Income Tax Act. This notification re...
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Income Tax Notification No. 13/2024: Summoning Witnesses for Departmental Inquiry
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 13/2024 dated 19th January, 2024. This notification pertains to the summoning of...
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Notification No. 12/2024-Income Tax – Summoning Witnesses for Inquiry
Introduction: The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has issued Notification No. 12/2024-Income Tax on 19th January, 2024. The notification highlights the neces...
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CBDT releases key Direct Tax Statistics through Time-Series data
The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time. In continuation of its efforts to p...
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CCPA Issues Notice to Amazon Over Misleading ‘Sri Ram Mandir Ayodhya Prasad’ Sweets
Introduction: The Central Consumer Protection Authority (CCPA) has recently issued a notice to Amazon Seller Services Pvt. Ltd. regarding the sale of sweets under the name ‘Shri Ram Mandir Ayodhya Pra...
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SEBI’s Proposal to Boost Trust in AIF Ecosystem: Consultation Paper
The Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at enhancing trust in the Alternative Investment Funds (AIF) ecosystem. Despite robust growth, concerns have a...
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Constitution of an Expert Committee on REITs and InvITs in IFSC
India’s commitment to developing world-class infrastructure is evident through initiatives like the National Infrastructure Pipeline and “Gati Shakti.” To achieve the goal of a developed nation by 204...
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GSTN Advisory on payment through Credit/Debit cards and UPI
In a move to enhance the convenience for taxpayers registered under the Goods and Services Tax (GST), the GSTN (Goods and Services Tax Network) has introduced two new methods of payment under e-paymen...
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High-Risk Transaction Alert: New Guidelines for IT Assessments 2023-24
The Directorate of Income Tax (Systems) has issued a crucial directive dated 19.01.2024 (F. No. DGIT(S)-ADG(S)-21/High Risk Transaction cases/2023-24) to all key stakeholders in the income tax domain....
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Insight Portal: High-Risk CRIU/VRU Cases and Non-PAN Cases
Introduction: The Directorate of Income Tax (Systems) has issued a communication regarding the dissemination of high-risk CRIU/VRU PAN cases and non-PAN cases through the ‘Verification’ module of the...
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Insight Portal’s Risk Management Strategy for High-Risk Tax Cases
The Directorate of Income Tax (Systems) has issued Insight Instruction No. 72 on January 18, 2024, addressing Principal Chief Commissioners, Principal Directors General, Principal Commissioners, and P...
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Indian Stamp Bill, 2023: Ministry of Finance Seeks Public Input
The Department of Revenue, Ministry of Finance, Government of India, has opened its doors to public engagement in shaping the future of India’s fiscal landscape. The recently crafted ‘Indian Stamp Bil...
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Urgent Notice on Bar Council of India Certificate Verification Rules, 2015
Introduction: The Bar Council of India, a statutory body under the Advocates Act, 1961, has issued an urgent notice (BCI:D:205/2024) to all State Bar Councils regarding Advocates’ Declaration of Exist...
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Representation on Updated Return Processing under Income Tax Section 139(8A)
Karnataka State Chartered Accountants Association (R) presents a crucial matter to the Commissioner of Income Tax, highlighting challenges in processing updated returns under Section 139(8A) of the In...
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Google Pay India signs MoU with NPCI International for Global Expansion of UPI
Introduction: In a groundbreaking move, Google India Digital Services (P) Limited has signed a Memorandum of Understanding (MoU) with NPCI International Payments Ltd (NIPL), a subsidiary of the Nation...
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FAQs: Registration & Authorization under IFSCA (Fund Management) Regulations, 2022
Explore frequently asked questions (FAQs) on the registration of a Fund Management Entity (FME) and authorization of a scheme or fund under IFSCA (Fund Management) Regulations, 2022. Understanding the...
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Important Announcement related to completion of one-month EDP by ICSI
Introduction: The Institute of Company Secretaries of India (ICSI) is committed to fostering professional excellence among its students. In alignment with this pursuit, a crucial announcement has been...