RBI permitted international trade settlement in INR for imports & exports
In a big relief to Indian importers and exporters and In order to promote growth of global trade with…
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Highlights of amendments in GST Act & Rules notified subsequent to decisions in 47th Council Meeting
Highlights of important notifications issued by CBIC amending GST Act and Rules subsequent to decisions taken in 47th…
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Amendments in import-export procedures for jewellery through courier
Courier Imports and Exports (Electronic declarations and Processing) Amendment Regulations 2022 Courier Imports and Exports (Electronic declarations and…
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Deduction of Tax on Benefits or Perquisites in Business or Profession u/s. 194R of Income Tax Act 1961
The finance bill has proposed to add Section 194R to the Income Tax Act 1961. This section…
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Important provisions related to G&J Industry – CEPA between India and UAE effective from 1-5-2022
This article highlights the key provisions of Comprehenstive Economic Partnership Agreement (CEPA) executed between India and UAE as applicable…
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Change in FDI Rules – Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 to amend Rules 2019
In view of upcoming IPO of LIC of India, the Government has amended Foreign Exchange Management (Non-debt Instruments) (Amendment)…
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DGFT issued amendments w.r.t. EPCG authorizations to reduce the compliance burden and enhance ease of doing business
The DGFT vide Public Notice No. 03/2015-2020 dated April 13, 2022 has issued amendments in Chapter 5 of the Handbook…
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Reporting of Specified Financial Transactions (SFT) by company under Income Tax Act for FY. 21-22 by 31st May, 2022
Section 285BA of the Income Tax Act, 1961 and Rule 114E of the Income-tax Rules, 1962 require specified reporting…
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Audit trail feature in accounting software compulsory from 1st April 2022 for companies
– MCA by virtue of notification no. G.S.R. 205(E) dated 24th March 2021, requires the companies to comply…
