The Government e-Marketplace (GeM) has achieved a significant milestone by processing over 30 lakh orders in the current fiscal year. According to data available, as of now, GeM has processed…
In a significant development, the Finance Ministry has decided to raise the Dearness Relief (DR) rate for Central Government pensioners and family pensioners. This increase, as per a notification dated…
Investors in commercial real estate in India need to be aware of the tax implications when dealing with long-term capital gains (LTCG) and short-term capital gains (STCG). The classification of…
The Income Tax department has taken steps to address common queries and challenges related to the use of Digital Signature Certificates (DSC) for e-verification. It is crucial for taxpayers to…
In a significant move to promote financial activities in the Gujarat International Finance Tec-City (GIFT)-IFSC, the Indian Finance Ministry has made a pivotal amendment to the Income Tax Rules. This…
The Reserve Bank of India (RBI) has introduced a significant change in the rules governing fixed deposits, allowing premature withdrawals on term deposits up to Rs 1 crore. This decision…
Vacant Positions Hamper Right to Information Act: The Supreme Court has directed all Indian state governments to expedite the filling of longstanding vacancies in their respective Information Commissions. A Bench…
In a climate where the consumption sector has faced significant challenges over the past two years, asset management companies are introducing consumption funds to provide retail investors with a chance…
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a significant change, making 'penny drop' verification mandatory for subscribers of the National Pension System (NPS) when withdrawing funds. This…
Shop and Establishment The shop and establishment license is an essential business registration that governs various aspects of employment, including wages, leaves, work hours, and more. This license is mandatory…