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Income Tax

Deciphering the Meaning of Reasonable Opportunity in Fa...

Deciphering the Meaning of Reasonable Opportunity in Faceless Assessments

In a recent case, an assessee was issued show cause notice on 19th April 2021, giving him the opportunity to file a response by 21st April. The assessee re...

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Digital Payments

E-Rupi: Contactless and Cashless Digital Payment

E-Rupi: Contactless and Cashless Digital Payment

As a new digital payment solution, e-rupi was launched recently. It is a cashless and a contactless instrument for digital payment. It has been launched wi...

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Income Tax

Assessment and Reassessment Notice under Section 148 of...

Assessment and Reassessment Notice under Section 148 of Income Tax Act

Under Section 147 of Income Tax Act, the Income Tax Department has the power to reassess previously filed income tax return of an individual. The Assessing...

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Limited Liability Partnership

Parliament passes the LLP (Amendment) Bill, 2021

Parliament passes the LLP (Amendment) Bill, 2021

The Lok Sabha recently passed the Limited Liability Partnership (Amendment) Bill, 2021, with a view to encourage the start-up ecosystem and facilitate grea...

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SEBI

Mutual Funds – Different types of Mutual Funds in...

Mutual Funds - Different types of Mutual Funds in India

Nowadays, mutual funds are amongst the most popular investing alternatives. A mutual fund is an investment mechanism formed when an asset management compan...

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Internal Audit

An Internal Audit– Companies Act 2013 along with requ...

An Internal Audit– Companies Act 2013 along with requirement of LODR 2015

The Companies Act, 2013 under Section 138, states that a class or classes of companies as prescribed would be required to appoint an internal auditor who w...

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AIF Registration

Private Equity Funds – Its types and Advantages

Private Equity Funds – Its types and Advantages

Private equity investments are classified in a wide category of (AIFs) Alternative Investment Funds. Private equity funds and investors either invest direc...

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Foreign Exchange Management

Enforcement Directorate (ED) and its Functions

Enforcement Directorate (ED) and its Functions

The Enforcement Directorate (ED) is one of several government organizations responsible for law enforcement, research, intelligence & evaluation of hig...

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