Knowledge Source

HDFC Reports 42 Percent Increase in Interest Income

HDFC bank has reported a 42 percent Year-on-Year(YoY) increase in its net profit to Rs

Import / Export of Goods is Allowed Without Furnishing of Bonds till 30th June, 2021

The Central Board of Indirect Taxes and Customs (CBIC) has clarified in a circular that

Exemptions under Goods & Services Tax Act

Goods & Services Tax was introduced to replace several other indirect taxes which were applicable

Flipkart Eases Policies to support Sellers

Flipkart, an e-commerce firm has taken various initiatives to Micro, Small and Medium Enterprises (MSMEs),

Cash Payment of More than 2 lakh Allowed for COVID Treatment

Central Board of Direct Taxes (CBDT),through a notification issued on 7th May 2021, has allowed

MCA Waive Late Fees on Company/LLP Forms till 31.07.2021

Ministry of Corporate Affairs(MCA) has clarified that keeping in view of the request from stakeholders

Cabinet Approves Strategic Disinvestment and Transfer of Management Control in IDBI

The Ministry of Finance has clarified that Cabinet has approved strategic disinvestment along with transfer

Post Devaluation Revenue Deficit Grant of Rs 9,871 Crore to 17 States

The Ministry of Finance has informed that it has released 2nd monthly instalment of Post-Devolution

Tax Exemptions to 5 Singapore Based Sovereign Wealth Funds

The Central Government has granted tax exemption to five Singapore-based Sovereign Wealth funds (SWFs) for

RBI Announces Initiatives Against COVID to Support Small Business

The Reserve Bank of India (RBI) Governor has announced two major initiatives to support the

Priority Sector Lending Facility Extended Till 31st March 2022

In views of Covid pandemic Reserve Bank of India (RBI) has decided to allow Priority

Difference between Tax Planning, Tax Avoidance, Tax Evasion

According to Article 265 of the Constitution of India, tax can only be levied and

19 IT Companies Filed Applications Under the PLI Scheme

A total of 19 companies have filed their application under the Production Linked Incentive Scheme

Relaxation in OD facility for States Governments/UTs

RBI has eased the terms governing availment of the overdraft facility extended to State Governments/UTs,

Permission Granted for 5G Spectrum Trials

The Department of Telecommunications (DoT) has approved permissions to Telecom Service Providers (TSPs) for conducting

No IGST on Import of Covid Relief Materials

In view of COVID pandemic, the Central Government has granted exemption from IGST on import