Chartered Accountant
Chartered Accountant
The Reserve Bank of India (RBI) has taken a significant step towards streamlining regulatory compliance by introducing the Regulations at a Glance handbook. This initiative is aimed at enhancing accessibility and understanding of key regulatory provisions governing banks, Non-Banking Financial Companies (NBFCs), and other regulated entities. Objective of the Handbook Over the years, the Indian …
The Finance Act, 2024 has introduced notable changes to the valuation requirements for private limited companies, by proposing removal of Section 56(2)(viib) of the Income Tax Act with effect from 1st April, 2025. This section imposes tax on shares issued by private limited companies at a price exceeding the Fair Market Value (FMV). This taxation …
Honorable Finance Minister Ms. Nirmala Sitharaman has presented union budget on 2nd Feb, 2023. Brief highlights proposal made in union budget 2023 is as under; TAX PROPOSALS TAX PROPOSALS – PERSONAL TAXES TAX PROPOSALS – CORPORATE DIRECT TAXS TAX PROPOSALS – INDIRECT TAXS FISCAL TARGETS NON-TAX PROPOSALS INCLUSIVE DEVELOPMENT REACHING LAST MILE INFRASTRUCTURE UNLEASHING POTENTIAL …
Gujarat government had launch IT/ITeS policy (2022-27) before few months giving series of incentives to companies in IT and technology sector. Portal to apply for the incentive scheme is launched today at Digital India Week summit held at Gandhinagar. URL for the new portal is https://dstpolicy.gujarat.gov.in/. Major Incentive includes; (i) Incentive at the rate of …
Launch of portal for IT/ITeS Policy Incentive application Read More »
Reserve Bank of India’s Monetary Policy Committee (MPC) in their meeting on Wednesday, 08th June, 2022 decided to hike key rate in order to curb ongoing high inflation situation. Repo rate is raised by 50 basis points (bps) from 4.40% to 4.90%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65 per cent …