I hereby providing you the of the modification to the existing Change Request PAN Application Form. The revised Change Request PAN application form is enclosed below. INSTRUCTIONS Note: As per provisions of Section 272B of the Income Tax Act., 1961, a penalty of Rs. 10,000 can be levied on possession of more than one PAN. Also … Read more
INSIGHT OF TAX ON GOLD IN INDIA Holding gold is ritual for Indians and Indian have the regular habit of buying and gifting the Gold to relatives and friends. Among popular low risk investment gold always gives higher assured returns as compare to any other investments. Implementation of Income Tax on Gold:– Section 2 (14) … Read more
(About 3 min read) Insight of Start up Listing: International Financial Services Centers Authority located at Gandhinagar was announced implementing facility of start up listing will be start sooner. This facility for listing accommodate wide range of service to START UP. It will be One Stop solution for New Start Up listing. IFSCA framework will … Read more
CBI arrested the executive director (Projects) K B Singh and other involved in connection with the alleged case of bribe of Rs.50 Lacs. ( as per report said) CBI arrested after teams conducts searches at various location like Delhi, Noida and Vishakhapatnam. It might cause impacts on the state run entities share prices, which is … Read more
As per the direction from the Government, the GST department has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for the “Mera Bill Mera Adhikaar” scheme. This scheme will be implemented from 1st September, 2023 initially in the States of Gujarat, Assam, Haryana and UTs of Puducherry and … Read more
(8 min Read) Section 115BBJ. How do I pay tax on online game? (Tax on online gamming) After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:––Tax on winnings from online games.‘115BBJ. (Tax on online gamming) Notwithstanding anything contained in any other … Read more
Debentures Capital Gains Tax After section 50A the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:–– Special provision for computation of capital gains in case of Market Linked Debenture(MLDs). Sec.50AA. Notwithstanding anything contained in clause (42A) of section 2 or section 48, where … Read more