Category: Latest News

Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per … Continue Reading →

CBDT Circular No. 9/2023-Income Tax dated 28-06-2023 F.No.370149/109/2023-TPL Sub: Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements — Reg. The Central Board of Direct Taxes, in exercise of its powers under section 119 … Continue Reading →

DGGI Gurugram officials bust racket involving 539 fake entities and fraudulently claiming ITC of Rs. 1,124.66 crore, one held In another operation, GST evasion of Rs. 97.44 crore through a network of 19 fake entities busted View Source Document Posted On: 22 JUN 2023 8:20PM … Continue Reading →

SEBI CIRCULARSEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/73 dated 19-05-2023 Subject – Risk disclosure with respect to trading by individual traders in Equity Futures & Options Segment 1. Over time there has been increased participation of investors in Indian securities market, including, in the derivatives segment. While investors are expected to … Continue Reading →

Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on May 20, 2023 (Series VIII of SGB 2017-18)RBI Press release 19th May 2023 In terms of GOI Notification F. No. 4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18, … Continue Reading →

₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender RBI/2023-24/32 DCM(Plg) No.S-236/10.27.00/2023-24 May 19, 2023 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir/Madam, ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender ₹2000 denomination banknote … Continue Reading →

RBI/2023-24/29 A.P. (DIR Series) Circular No. 04 May 09, 2023 (View Source Document) To All Authorised Persons Madam / Sir Levy of charges on forex prepaid cards/store value cards/travel cards, etc. Attention of Authorised Dealers is invited to relevant instructions contained in A.P. (DIR Series) … Continue Reading →

PIB Press Release Posted On: 17 MAY 2023 4:00PM by PIB Delhi Cabinet approves Memorandum of Understanding between Institute of Chartered Accountants of India and The Chartered Accountants of the Maldives The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, today … Continue Reading →

PIB Press release Posted On: 16 MAY 2023 11:54AM by PIB Delhi (View Source Document) PM addresses National Rozgar Mela Distributes about 71,000 appointment letters to newly inducted recruits in various Government departments and organizations “Rozgar Melas show government’s commitment towards the youth” “In the … Continue Reading →