Posted inEPFO

Check EPF Balance On Your Mobile Phone?

The Employees’ Provident Fund Organisation (EPFO) credits the interest amount in EPF accounts annually. For FY2022-23, EPFO has set the interest rate at 8.15 per cent, announced in June 2023, and since then, it has credited the interest amount in over 24 crore of EPF accounts. Employees’ Provident Fund (EPF) is a social security scheme […]


An in depth analysis on what is stock audit and why is it important to perform as per the companies act 2013

Stock audit is a meticulous examination and verification of a company’s physical stock or inventory. This process involves assessing the quantity, condition, and valuation of the goods or materials a company holds. It serves as a crucial component of financial management, contributing to the accuracy of financial reporting, compliance with regulatory frameworks, and the prevention […]


Income Tax Department Conducts Raids at StoveKraft Office and Shares Details in Stock Exchange Filing

Income Tax department conducting raids StoveKraft office, the company said in its stock exchange filing on Wednesday. The company stock was trading 5.3% lower at ₹488.55 on BSE till 2:20 pm. The Indian cooking appliances manufacturer said in its stock exchange filing that officials of the Income Tax Department are conducting search at some of […]

Posted inRBI

‘concept of securitisation and the parties involved and its process

Securitization is a financial practice where various financial assets, such as loans or receivables, are pooled together and transformed into tradable securities. The process involves several parties, including originators, special purpose entities (SPEs), rating agencies, investors, and servicers. Process of Securitization: Securitization allows originators to convert illiquid assets into tradable securities, providing liquidity and spreading […]


Checklist for Income Tax Notice

Income Tax Department sends the notices for various reasons like not filing the income tax returns, any defect while filing the returns, or other instances where the tax department is requiring any additional documents or information. Nothing is frightening or alarming about the notice that is received. But the taxpayer has to first understand the […]


Income-Tax Raids and Seizures in Adilabad, Chennur, and Huzurabad: Cash and Documents Found

Income-Tax officials on Tuesday carried out searches in cotton ginning mills as well as residences and offices of some rice mill owners in Kagaznagar in Adilabad district, Asifabad and Huzurabad Assembly constituencies. According to sources, Rs 5 crore in cash and some documents were reportedly seized during the searches.  As part of their searches, I-T […]

Posted inMARKETS

Should You Subscribe to Tata Technologies IPO?

Tata Technologies IPO opens today: The initial public offering (IPO) of Tata Technologies, the first public issue by the Tata Group in almost 20 years, kicked off for subscription on Wednesday, November 22. The three-day stake sale will conclude on November 24. Ahead of the issue opening, Tata Technologies has mopped up ₹791 crore from 67 investors […]


Navigating the Complexities of Mergers and Acquisitions: A Comprehensive Analysis under the Income Tax Act, 1961

Introduction:Mergers and acquisitions (M&A) are pivotal events in the corporate landscape, shaping the structure and dynamics of businesses. Beyond their strategic implications, M&A transactions are intricately woven into the fabric of taxation under the Income Tax Act, 1961. This article delves into the multifaceted tax provisions governing M&A transactions, providing a detailed exploration of key […]


Received income tax notices after filing ITR? This platform identifies reasons behind Income Tax notices using AI

Receiving discrepancy notices from the income tax (I-T) department can often be a challenging and daunting experience due to errors, incorrect claims, and more in your tax return filings. Descrypt, a crypto taxation platform, has announced the launch of an exclusive service, Notice Mitra. This unique offering leverages a robust algorithm to scrutinise taxpayers’ data, […]


Income-Tax Big Update! Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share TransferAgent

Corrigendum to Notification No.4 of 2021 “Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share Transfer Agent” From 1st April 2023 filing of SFT will be on half yearly basis (earlier it was on Quarterly basis) – Due date to file is 31st October […]

Posted inICAI

Understanding Related Party Transactions under the Companies Act, 2013

Introduction: The Companies Act, 2013, governs the corporate landscape in India, providing a comprehensive framework for the regulation and management of companies. One crucial aspect of corporate governance addressed by the Act is Related Party Transactions (RPTs). Related Party Transactions are transactions between a company and its related parties, which include directors, key managerial personnel, […]


Attention Taxpayers! e-Verification Scheme to facilitate the verification of financial transactions within the Automated Income Tax System (AIS)

The Income Tax Department introduced the e-Verification Scheme (2021) to facilitate the verification of financial transactions within the Automated Income Tax System (AIS). To ensure accuracy, taxpayers are advised to verify their displayed financial transactions by visiting the official website and clicking on the AIS tab. In case of disagreement or objections to the […]


Income Tax Big news! Income tax notice will come on these 5 cash transactions, new rules apply

The Income Tax Department has become very cautious about cash transactions these days. In the last few years, the Income Tax Department and various investment platforms like banks, mutual fund houses, broker platforms, etc. have tightened the cash transaction rules for the general public. Let us know the complete details about it. Now these investment […]