In a significant move, the government has amended the Prevention of Money Laundering Act (PMLA) to broaden its scope, now encompassing individuals serving as formation agents for companies and Limited…
Introduction to the Franchise Agreement: A Binding Commitment As you wrap up Discovery Day, captivated by the franchise opportunity, the franchisor presents the crucial document sealing the deal—the franchise agreement.…
Zomato and Swiggy, leading food delivery platforms, have reportedly been slapped with a hefty Rs 500 crore GST each amid an ongoing dispute with tax officers over the classification of…
The Telecom Regulatory Authority of India (TRAI) has extended the deadline for submitting comments on the Consultation Paper titled 'Encouraging R&D in Telecom, Broadcasting, and IT (ICT) Sectors.' Initially released…
In a recent development, Non-Resident Indians (NRIs) aiming to mitigate tax deductions on their Indian income now face a revised procedure for obtaining Tax Deduction at Source (TDS) certificates. This…
The Food Safety and Standards Authority of India (FSSAI) has issued a stern advisory, urging both food vendors and consumers to discontinue the use of newspapers for packing, serving, and…
In a remarkable display of timely compliance, the Income Tax Department's e-filing portal witnessed the submission of more than 30 lakh audit reports (TAR) by the September 30 deadline. The…
The Director General of Foreign Trade (DGFT), Santosh Sarangi, has announced the Indian government's plan to sign Memorandums of Understanding (MoUs) with key e-commerce players, including Amazon, Walmart, and Flipkart.…
What is the Employees Provident Fund Organisation (EPFO) Vendor digitisation startup Bizongo has acquired FactoryPlus, a factory digitisation app catering to MSMEs, in a strategic move to bolster its AI…
What is the Employees Provident Fund Organisation (EPFO) Indian taxpayers inheriting foreign assets are required to disclose these details in Schedule FA (Foreign Asset) of ITR-2 or ITR-3, depending on…