The Ministry of Corporate Affairs (MCA) has extended the deadline for filing Form BEN-2 and Form 4D for Limited Liability Partnerships (LLPs) without incurring additional fees until May 15, 2024. ...
The Institute of Chartered Accountants of India (ICAI) released a handbook on Commonly Found Errors in Reporting Practices (January 2024 edition)....
Streamlining Tax Processes for Businesses: To simplify tax procedures for businesses, the income tax department has relaxed criteria for presumptive taxation under Section 44AD of the Income Tax Act, 1961. This includes the introduction of a new column in ITR forms 5 and 6 for...
New Delhi: The Indian government, aiming to accelerate the adoption of solar energy across the nation, has announced a substantial increase in subsidy rates for rooftop solar installations under the proposed Pradhan Mantri Suryoday Yojana. Union Minister for New and Renewable Energy, RK Singh, revealed...
The Indian Union Budget 2024 brought unexpected yet significant developments for the startup and technology industries, signaling a pivotal moment for the nation's progress....
The finance parliamentary panel, led by MP Jayant Sinha, has proposed a reduction in the Goods and Services Tax (GST) on health insurance products for senior citizens and microinsurance products to below 18 percent, aiming to enhance affordability. In its report on the 'Performance review...
Revenue Secretary Sanjay Malhotra announced that the GST Council will reconsider the imposition of a 28 percent Goods and Services Tax (GST) on the full face value of online gaming, but not until after March 31. He clarified that the review will not occur during...
The Ministry of Corporate Affairs (MCA) has announced that, starting from February 6, 2024, the Central Processing Centre (CPC) will undertake the processing and approval of e-forms submitted by companies. This marks a shift from the current practice where regional offices, including Regional Directors and...
Starting from April 1, manufacturers of pan masala, gutka, and similar tobacco products could be subject to penalties of up to Rs 1 lakh if their packing machinery is not registered with GST authorities. This measure aims to tackle revenue leakage within the tobacco manufacturing...
This recap provides a comprehensive overview of the government's fiscal priorities in the coming months. Focused on economic recovery and sustainable growth, the budget allocates substantial funds to key sectors such as healthcare, education, and infrastructure. A significant emphasis was placed on addressing the challenges...
Agree
