Central Consumer authority have issued draft guidelines for regulation advertisement by coaching institutes in Feb 2024 for inputs from public. These guidelines will be in addition those provided in ASCI for education institutes or any other law in force. Click here for copy of draft guidelines. These guidelines will be applicable on all types […]
Read More →Introduction After a long wait, Corporate Transparency Act has finally came into force w.e.f. 1st Jan, 2024. This is a law to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting […]
Read More →China Compliance Updates Extended deadline for filing and paying corporate income tax (CIT) Period Periodicity Original Extended For the month of January Monthly 15-Feb-2024 23-Feb-2024 For the month of March Monthly 15-Apr-2024 18-Apr-2024 For the month of April Monthly 15-May-2024 22-May-2024 For the month of May Monthly 15-Jun-2024 19-Jun-2024 For the month […]
Read More →China Compliance Updates Extended deadline for filing and paying value-added tax (VAT) for 2024. Period Periodicity Original Extended For the month of January Monthly 15-Feb-2024 23-Feb-2024 For the month of March Monthly 15-Apr-2024 18-Apr-2024 For the month of April Monthly 15-May-2024 22-May-2024 For the month of May Monthly 15-Jun-2024 19-Jun-2024 For the month […]
Read More →CBDT (Central Board of Direct Taxes) vide its notification S.O. 2276(E) dated the 24th May, 2023 has increased the maximum amount receivable by its employees as cash equivalent of leave salary (leave encashment) in respect of the period of earned leave at their credit at the time of their retirement, whether superannuation or otherwise to […]
Read More →CBDT has introduced another compliance for Corporates wherein they have to deduct TDS at higher rate if a person does not have her Aadhaar-PAN linked by 31st March 2023. Initially the CBDT had prescribed the date for linking Pan and Aadhaar as 30th June, 2022 but have extended this date till 31st March, 2023. Consequences […]
Read More →Section 203. (1) Every person deducting tax in accordance with the foregoing provisions of this Chapter shall, within such period as may be prescribed from the time of credit or payment of the sum, or, as the case may be, from the time of issue of a cheque or warrant for payment of any dividend to […]
Read More →When the GST came into existence i.e 01.07.2017, Government has allowed the assessee whether registered or not under old tax regime to claim the credit for already paid tax. For claiming the tax credit GST Registered people has to file the details in form TRANS 1 and TRANS 2. TRAN 1 is used by GST Registered […]
Read More →SEBI vide its notification dated 25th July, 2022 made amendments in SEBI (LODR) Regulations, 2015. These amendments will immediately come into effect and may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022. These amendments provides the framework for Social stock exchange which majorly provides eligibility of […]
Read More →The Ministry of Finance, Department of Revenue vide Circular No. 178/10/2022-GST dated August 03, 2022 has inter-alia observed and clarified that- the service of agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act is nothing but a contractual agreement; a contract to do […]
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