Articles by FCS Amit Kumar Sharma

Filing ITR-U return in India

FCS Amit Kumar Sharma 23 January 2023 at 09:21

The ITR-U return is a great facility provided by the government to benefit taxpayers who have failed to file their ITRs on time. This step taken by the government will help taxpayers to stay compliant with the tax laws and also help them to avoid any penalties or interest.

Exploring the Process of Obtaining/Modification/Surrender- IEC in India

FCS Amit Kumar Sharma 20 January 2023 at 17:32

The Importer Exporter Code (IEC) is an important component for any business that is engaged in the import and export of goods. The IEC is a ten-digit number, issued by the Directorate General of Foreign Trade (DGFT), to all Importers and Exporters in India. This code is required to be mentioned while submitting any documents related to imports and exports.

RBI's Acquisition and Holding of Shares or Voting Rights in Banking Companies Directions, 2023

FCS Amit Kumar Sharma 18 January 2023 at 10:11

RBI has recently issued the 'Directions - Acquisition and Holding of Shares or Voting Rights in Banking Companies' in order to ensure that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continual basis.