Securities and Exchange Board of India (SEBI) issued a notification on January 2, 2025, under the Certification of Associated Persons in the Securities Markets (CAPS) Regulations, 2007. It mandates ...

To bring parity with provisions of Chapter 4 of the FTP/HBP, 2023 the provisions of Para 6.06 (c) (ii) and Para 6.06 (c) (iii) of the HBP, 2023 stand amended for ease of doing business.

Ministry of Finance issued Notification No. 5/2025 under clause (46) of Section 10 of the Income-tax Act, 1961, exempting specified incomes of the Karnataka State Horticulture Development Agency (PAN: ...

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘The ...

Effect of the Notification: Export of 2,00,000 MTs of Wheat to Nepal is permitted through National Cooperative Exports ...

Section 80CCD of the Income Tax Act provides deduction towards contribution to National Pension Scheme. The current article briefly covers deduction benefits under section 80CCD of the Income Tax Act ...

It must be laid bare herein that the Apex Court held that the evidence was not sufficient to prove the validity and the genuineness of the will. It was also opined that the appellants failed to prove ...

While taxes such as income tax, corporate tax, and GST are well-known sources, another important source often overlooked is non-tax revenue. This form of income strengthens government finances and ...

Process for Transmission of Shares in case of Private Company is as follows: 1. The Claimant/Legal Heir shall submit the Request Letter to the Board of Directors of the Company along with NOC from ...

There are Total 22 Rules and Seven Schedules in the draft Rules (corresponding to provisions of Act containing 44 Sections & the Schedule). Not all the rules shall come into effect at once. Out of 22 ...

The value of such unredeemed vouchers accounted for in the statement of income is called breakage.

Vouchers are complicated but not when you break them down like this. Whether it’s pre-paid instruments (RBI-approved), trading of vouchers, commissions on distribution, or unredeemed vouchers ...