India’s exports surged from 5.34 lakh crore to 6.1 lakh crore, yet imports also rose to 6.2 lakh crore from 5.6 lakh crore. This widening gap between import and export yields both positive and negative ramifications. Positive outcomes: 🔹Increased export revenue can boost economic growth and …
PTP process T-codes in SAP 1. ME21N – Create Purchase Order: to create a purchase order in SAP. It allows users to specify the vendor, material, quantity, and other relevant details for procurement. 2. ME22N – Change Purchase Order: users can make changes to an existing …
Starting April 1, 2024, new INSURANCE policyholders will be required to hold insurance policies in electronic format. Similar to how investors hold shares in a D-Mat account, all your insurance policies — life, health, and general insurance policies — will be kept in one place with …
Zomato, the renowned food delivery and restaurant discovery platform, disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of Goods and Services Tax (GST) returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka. …
The Income tax department has uncovered a sophisticated scam involving the fraudulent exploitation of Permanent Account Numbers (PAN) to claim House Rent Allowance (HRA) without actual tenancy. Approximately 8,000-10,000 high-value cases, each exceeding Rs 10 lakh, have surfaced, shedding light on the extent of the deception. …
Infosys, the renowned IT services company, disclosed receiving a substantial tax demand from the Income Tax Department, amounting to Rs 341 crore for the assessment year 2020-21. This revelation surfaced in a BSE filing made by the Bengaluru-headquartered firm on Monday. The company expressed its contemplation …
Development of International Trade, Services & WTO Directorate The Institute of Chartered Accountants of India 30th March, 2024 India to be Accounting and Finance Hub: Invitation for Comments/Suggestions: Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024 Last date: 10th …
The Bengaluru police have apprehended a Noida-based Chartered Accountant, Ashish Roy, also known as Ashish Saxena, for his alleged involvement in a fraudulent scheme totaling Rs 168 crore. Roy, aged 45, was detained by immigration authorities at Delhi’s Indira Gandhi International Airport upon his return from …
Important Advisory by MCA Kind attention: All eligible companies are requested to file e-form CSR-2 for the financial year 2022-23 on or before due date i.e. 31.03.2024 to avoid penal action by the Ministry of Corporate Affairs. Please ignore, if already filed. All eligible companies are requested to …
