The Reserve Bank on Tuesday announced its second global hackathon — ‘HARBINGER 2023 – Innovation for Transformation’ with the theme ‘Inclusive Digital Services’. Fintechs have been invited to develop solutions that have the potential to make digital financial services accessible to the differently-abled, facilitate efficient compliance, extend the …
After two months, the State Bank of India (SBI) has raised interest rates on select fixed deposits (FDs) by up to 25 basis points(bps). According to the SBI website, the increase in FD interest rates ranges from 5 basis points to 25 basis points. The increased …
G.S.R 91(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement.— …
Income Tax officials yesterday, i.e. 14th February 2023 searched the BBC’s Delhi and Mumbai offices and seized phones and laptops, weeks after the UK national broadcaster’s documentary on Prime Minister Narendra Modi and the deadly communal riots in Gujarat in 2002 sparked huge controversy. Tax authorities …
As per section 2 (37) of the Companies Act, 2013 “employees’ stock option” means the option given to the directors, officers or employees of a company or of its holding company or subsidiary company or companies, if any, which gives such directors, officers or employees, the …
Composition Scheme for E-commerce Finance Bill, 2023 has proposed to amend section 10(2)(d) and 10(2A) (c) of CGST Act, 2023. This amendment seeks to remove reference to ‘goods’ from these clauses. These amendments have been proposed so as to remove the restriction imposed on registered persons …
The GST Flyers published through the web site of Central Board of Indirect Taxes & Customs (CBIC) say that, tax laws (or any laws, for that matter) impose obligations. Such obligations are broadly of two kinds: tax-related and procedure-related. The taxpayer’s compliance with these obligations is …
GSTR- 1 It is a return of reporting as no tax is paid, details of sales, invoices generated, debit note, credit note. To be filed by a normal tax payer a return of sales transactions. Can be paid monthly or quarterly (optional) (for the taxpayer whose …
