Section 37(1) says that any expenditure, laid out or expended wholly and exclusively for the purpose of business or profession shall be allowed in computing the income chargeable under the head PGBP.
Simply google “the dangers of sitting” and you will find a host of articles backing the fact that prolonged sitting increases the risk of diabetes, cardiovascular diseases, osteoporosis, dementia, and varicose veins.
CBDT has notified a new set of rules to amend the existing Income-tax Rules, 1962. The aim of this amendment is to insert two new rules after Rule 21AH and two new forms after Form No.10IF.
Ministry of Corporate Affairs (MCA) vide Gazette ID No. CG-DL-E-11022021-225116 and F. No. 5 /1 /2020-CL.I dated 11th day of February, 2021 has released the the Producer Companies Rules, 2021
Requirement of structured database under Regulation 3 of SEBI (Prohibition of Insider Trading Regulations) 2015.
Highlights of Union Budget w.r.t Taxation
The Ministry of Law and Justice notified the Foreign Contribution (Regulation) Amendment Act, 2020 (FCRA Amendment Act) which amends the existing provisions of the Foreign Contribution Regulation Act, 2010 (FCRA)
'Your refund has failed, please raise a Refund Reissue Request', if you get this kind of email or sms after receiving ITR Processing Intimation u/s 143(1) then you need to follow just 2 simple steps to get you Income Tax refund.
As on date, there are only two options to get DIN. One with Incorporation Form and second with the Copy of Board Resolution of the existing Company.
The ICAI has setup a board named DAAB (Digital Accounting and Assurance Board) to take care and focus on the issues in accounting and assurance arising from the high pace of digitalisation.
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