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An Analysis of Angel Tax
Introduction The provisions relating to angel tax in the Income Tax Act, 1961 ( “IT Act” ) were primarily introduced to regulate funding received...
ICAI releases Ready Reference of Different Industries For easy Audit; the Analysis of Modified Opinions
The Institute of Chartered Accountants of India (ICAI) has released the analysis of modified opinion, the ready reference of different industries having similar issues in the audit. According to...
Central Government notifies FEMA (Current Account Transactions) (Amendment) Rules, 2023 [Read Notification]
The Central Government notified the amendment of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 on 16th May 2023 and has the same enforcement date. The government has...
