The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.
One Person Company (OPC) is a relatively new form of business entity introduced in India in 2013 under the Companies Act, 2013.
Section 83 empowers the Commissioner to provisionally attach any property including bank accounts belonging to the Registered Taxable Person for the purpose of protecting the interest of government revenue.
Tax Planning while setting up of a business with reference to the Nature of business related with AY 2021-2022, AY 2022-2023 and AY 2023-2024. An analysis of Eight important Deductions as per the Income Tax Act.
On March 24th, 2023, the Finance Amendment Bill was passed by the government. This bill is aimed at making changes to the existing financial laws in order to bring in more transparency and accountability, and to facilitate ease of doing business. The bill has been lauded by experts and industry leaders for its many benefits, which we will discuss in this article.
Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha
Sec 10(10D) provide exemption with respect to any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, where premium payable for any of the year during the tenure of the policy
As per Regulation 24A of SEBI (LODR) Regulation,2015 the Annual Secretarial Compliance report is applicable to all listed entities. This report is to be submitted by the listed entities to the stock exchange(s) within sixty days from end of the financial year.
I have given an attempt to draft a Forensic Audit Report with every care to ensure accuracy.
In this article, the author has highlighted 50+ GST checkpoints that one may consider for the financial year end, i.e. March 2023 as a safeguard.
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