Virtual digital assets have gained tremendous popularity in recent times and the volumes of trading in such digital assets has increased substantially.
1. Section 79 of the Act provides for carry forward and set-off of losses in case of certain companies. Sub-section (1) of the said section, inter-alia, provides that where a change in shareholding has taken place during the previous year in the case
Over the past few years several tax concessions have been provided to units located in International Financial Services Centre (IFSC) under the Act to make it a global hub of financial services sector.
Clause (2) of section 17 of the Act, inter alia, provides the definition of “perquisite”. However, certain exceptions have been provided which shall not include as perquisites.
The Finance Bill, 2022 as introduced in Lok Sabha
he provisions of Finance Bill, 2022 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as 'the Act'),
ICAI invites suggestions on tax proposals of Union Budget 2022-23 latest by 11th February, 2022.
Union Budget 2022 | Indirect Direct Tax Proposals
Union Budget 2022 | Direct Tax Proposals
My Dear Professional Colleagues,As the completion of the Council Year 2021-22 approaches, we look back at this incredible journey of the Council Year. It has been a great honour and privilege to fortify the legacy of my alma mater as the 69th Preside